Q1 Investment Strategy & Outlook 2021

19 Jan

Q1 Investment Strategy & Outlook 2021

Global Investment Climate - Key Points

  • Health measures necessitated by the 2nd wave threaten growth in the short term
  • Covid-19 factor no longer influencing financial markets
  • Reduced political risks and uncertainties
  • New BFM paradigm supporting enthusiasm and risk-taking
  • Central banks vaccinating markets against high valuations

UAE Investment Climate - Key Points

  • UAE economic activity is expected to rebound in 2021
  • Dubai’s economy is expected to grow by +4.0%.
  • Real estate at the bottom of the cycle in Dubai
  • The UAE is second globally in Covid-19 vaccine administration rates

Key convictions for Q1 2021 - Key Points

  • Weaker-than-expected global economic recovery in Q1
  • Solid macroeconomic outlook for 2021
  • Continuing support of budgetary, monetary and tax policies
  • The recovery will be green and favourable to stocks associated with the energy transition
  • Another positive year for risky assets?