IMPORTANT INFORMATION
The views in this Global Market Outlook report are subject to change at any time based upon market or other conditions and are current as of latest edition published. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.
Nothing in this publication is intended to constitute legal, tax securities or investment advice, nor an opinion regarding the appropriateness of any investment nor a solicitation of any type. This is a publication of Russell Investments Canada Limited and has been prepared solely for information purposes. It is made available on an "as is" basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.
Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
Keep in mind that, like all investing, multi-asset investing does not assure a profit or protect against loss.
No model or group of models can offer a precise estimate of future returns available from capital markets. We remain cautious that rational analytical techniques cannot predict extremes in financial behavior, such as periods of financial euphoria or investor panic. Our models rest on the assumptions of normal and rational financial behavior. Forecasting models are inherently uncertain, subject to change at any time based on a variety of factors and can be inaccurate. Russell Investments believes that the utility of this information is highest in evaluating the relative relationships of various components of a globally diversified portfolio. As such, the models may offer insights into the prudence of over or under weighting those components from time to time or under periods of extreme dislocation. The models are explicitly not intended as market timing signals.
Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.
Investment in global, international or emerging markets may be significantly affectedby political or economic conditions and regulatory requirements in a particularcountry. Investments in non-domestic markets can involve risks of currencyfluctuation, political and economic instability, different accounting standards andforeign taxation. Such securities may be less liquid and more volatile. Investmentsin emerging or developing markets involve exposure to economic structures that aregenerally less diverse and mature, and political systems with less stability than inmore developed countries.
Currency investing involves risks including fluctuations in currency values, whether the home currency or the foreign currency. They can either enhance or reduce the returns associated with foreign investments.
Bond investors should carefully consider risks such as interest rate, credit, default andduration risks. Greater risk, such as increased volatility, limited liquidity, prepayment,non-payment and increased default risk, is inherent in portfolios that invest in highyield (“junk”) bonds or mortgage-backed securities, especially mortgage-backedsecurities with exposure to sub-prime mortgages. Generally, when interest rates rise,prices of fixed income securities fall.
Performance quoted represents past performance and should not be viewed as a guarantee of future results.
The S&P 500®, or the Standard & Poor's 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
The FTSE 100 Index is a market-capitalization weighted index of UK-listed blue chip companies.
The Bloomberg Global Treasury Index tracks fixed-rate, local currency governmentdebt of investment grade countries, including both developed and emerging markets.The index represents the treasury sector of the Global Aggregate Index. The indexwas created in 1992, with history available from January 1, 1987.
Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited.
Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.
Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand.
Date of publication: June 2024
2024 Global Market Outlook – Q3 update
CORPCA-12517
