KUALA LUMPUR: Global headwinds that have been taking a toll on capital markets are likely to persist and may develop into other situations, says Principal Asset Management.
Its chief investment officer, asset allocation, Todd Jablonski said whether it is the United States-China and the Russia-Ukraine tensions or the conflicts in Europe, these headwinds are difficult to resolve and investors would have to price in the risk on a continual basis.
“They will have to respond to new information on those fronts and evaluate what are the risks they are willing to take on.
“At this juncture, it is impossible to predict the direction of these setbacks.
“Although it (economic headwinds) would not go away quickly as we hope, the less bad news is actually good news, giving investors some optimism,” Jablonski said at the 2022 Principal Asia Pacific Summit. — Bernama
