Higher wages may outlast more transitory factors.
Zero-Covid policies have been a drag on returns.
Pandemic restrictions and a Chinese tech crackdown have weighed on markets.
After a sluggish start, the recovery is gathering steam.
The U.S. and Asia offer more upside than Europe, PM says.
Look beyond growth versus value, portfolio manager says.
Covid-19 has resulted in uneven market rebounds worldwide.
Focusing on quality provides a middle ground.
“The environment going forward, at least in the in the near term, shouldn't be drastically different from the last 10 years,” says CIBC Asset Management’s Amber Sinha. That’s despite the recent rally in growth stocks spurred by global government stimulus, low interest rates and dominant soaring tech companies, that have been thriving in lockdown.
Tips for adjusting portfolios amid the pandemic.