iA Clarington
2023 Mid-Year Review

Despite aggressive monetary tightening, core inflation remains stubbornly high and the widely anticipated year-end recession seems more likely to land sometime in 2024. Meanwhile, fixed-income markets have seen an impressive rebound following a dismal 2022, while narrow leadership in the equity markets has opened up opportunities for active managers seeking quality long-term holdings at attractive discounts.

As we move into the second half of 2023, our portfolio managers take a look back at their forecasts in January and reflect on the major developments of the first two quarters. They also discuss their outlook for the remainder of the year and explain how they are positioning for the opportunities and risks that lie ahead.