(AOF) – The combination of weak growth, high inflation and the monetary policies currently being pursued by central banks are leading Amundi ETF to adopt a defensive positioning on risky assets. For equities, the asset manager believes investors should err on the side of caution and favor quality stocks.
In the current economic environment, its priority is to seek out quality issuers offering solid growth potential that is not yet reflected in current market valuations. For the asset manager, “companies with ‘pricing power’, differentiating products, patents etc., will be able to pass on to their customers the increase in their production costs and will better resist the deceleration of growth. economic”.
“Geographically, the United States should continue to perform better than Europe, which is the zone most threatened by the risks of stagflation and geopolitical tensions”, specifies Amundi ETF.