Noble Apex News

Amid elevated policy uncertainty and market volatility, some investors might conclude that hiding in cash is a sensible strategy for the next 12 to 18 months. After all, deposit rates remain relatively high across Western markets, and the macroeconomic picture is murky. However, in our view cash will not prove the best option for investors. Whether the global economy continues to expand or falls into a downturn or recession, we expect cash to underperform other asset classes. Even in a stagflationary scenario, investors can look elsewhere for meaningful portfolio diversification.


With the return of inflation and spiraling levels of government debt, many investors are questioning whether bonds will still provide a life-raft in times of market turbulence. And if not, how should one construct a diversified, balanced portfolio?