Vince Childers of Cohen & Steers says inflation still matters, but diversification has become the stronger reason to own real assets
- Real assets are becoming more attractive due to collapsing correlations with traditional equities and fixed income, offering strong diversification benefits.
- Resource equities and listed infrastructure are currently favored for their well-behaved valuations and strong growth expectations, while commodities and real estate are viewed more neutrally.
- Despite rising interest rates and potential risks like disinflation or AI-driven market concentration, real assets present a compelling value proposition due to their lower valuations compared to the broader market.
Topics: Asset types, Market cycles macro sensitivity, Real assets, Interest rate sensitivity, Inflation recession impact
Tags: #realassets #diversification #correlation #inflation #resourceequities #infrastructure #interestrates #ai #commodities #realestate
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