The BT Investment team has published its commentary of economic and market developments over the 2021/2022 financial year and outlined key themes for the coming year.
During FY 2021/22, we were still learning to live with the ongoing consequences of COVID-19 when the unexpected invasion of Ukraine by Russian armed forces reignited market uncertainty.
Then, as record levels of inflation hit the world’s major economies, central banks came under the spotlight. They faced a monumental challenge of curbing soaring inflation while maintaining economic growth and winding back emergency policy measures still in place from the pandemic. All this led to deteriorating risk sentiment as investors worried about how aggressive central banks would be and how higher interest rates would impact global growth.
The year ended with grim global economic and market indicators at levels not seen since the GFC. Most major markets relinquished their strong gains of the prior 12 months, as supply chain issues remained a concern, and consumer and business confidence fell further.
BT Investment Solutions (BTIS)
BTIS delivers an institutional grade investment management capability across a range of solutions, from low-cost index portfolios to actively managed strategies.
This document has been created by Westpac Financial Services Limited (ABN 20 000 241 127, AFSL 233716). It provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. This information has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. Projections given above are predicative in character. Whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This document may contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material. Except where contrary to law, Westpac Financial Services Limited intends by this notice to exclude liability for this material.
Information current as at 15 June 2020. © Westpac Financial Services Limited 2020.