Dear Clients and Friends,

2022 was a challenging year for investors, as both equities and bonds posted losses. Most stock markets across the world experienced a bear market during the year. Despite less exposure to the turmoil caused by Russia, U.S. stocks underperformed international stocks, with the S&P 500 Index and MSCI ACWI ex U.S. Index finishing with returns of -18.1% and -16.0% respectively.

In the latest Market Perspectives, our Colony Investment Leadership Team focuses on:   

  • A recap of the market’s performance during the quarter.
  • “A New Era” – The upheaval around the pandemic has investors wondering if we have reached such an inflection point and whether markets are poised to enter a new era.
    ​​​​​​
  • “Or More of the Same?” – Questions remain as to whether we are truly entering a new economic regime or merely continuing to experience the economic effects of the pandemic. ​​​​

Read our commentary here