Pathways - January 2023
*For investment professional and institutional investor use only. Not for use with the general public.
With interest rates having risen sharply over the past 12 months and recessions likely across the developed world, 2023 is likely to be a challenging year from an economic perspective.
In a volatile world, investors are likely to be chasing investments that can offer defensiveness, stable yield, and inflation protection. Many real assets have these attractive traits.
Dislocation in public real estate markets, and more attractive pricing in private markets, are creating good opportunities across both the listed and unlisted sectors for those with liquidity and capital to deploy.
Infrastructure is relatively well placed in 2023 due to its ability to pass through inflation, the essential nature of the services it provides, and the presence of regulated or long-term contracted cash flows.
Agriculture’s stable return profile, land-rich asset composition, and inflation protection traits make it an attractive proposition in 2023.
1Based on Preqin database, data as of September 2021.
MARKET PERSPECTIVES WEBINAR REPLAY
What will it take for investors to accurately chart their way in 2023?
Macquarie Head of Research Daniel McCormack details the landscape for real assets in 2023.
Daniel McCormack, CFA
Head of Thought Leadership
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