Morgan & Stanley 2023 Investment Outlook

Jul 16, 2026

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2023 Investment Outlook for institutional investors analyzing how 2022 market turbulence informs 2023 views across economic growth, inflation, central bank policy, interest rates, credit quality, earnings, valuations, and investor sentiment. It outlines investment philosophy and provides sector and strategy outlooks including equity, income, global income, emerging markets, multi-asset, and private markets, with portfolio implications and positioning guidance.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages39

Reading Time1 h 38 min

AccessFree to download

2023 Investment Outlook INSTITUTIONAL INVESTORS January 2023 December 12, 2022 2023 Investment Outlook Institutional Investors Applying the Lessons of a Turbulent Year to 2023 A confluence of unprecedented events in 2022 weakened asset prices across all markets. Rarely have investors had to grapple with the kind of lessons imparted by a global economy just starting to emerge from a pandemic, while dealing with unprecedented monetary policy measures and a major land war in Europe. The turbulence of 2022 now weighs heavily on our investment outlook for 2023, with implications ranging from economic growth, inflation, central bank policy and interest rates to credit quality, earnings, valuations, investor sentiment and other key metrics. We aim to help identify the portfolio implications for our clients, and offer investment solutions to meet their unique objectives and guidelines. While 2022 may have delivered more than its share of disruptions, our investment philosophy remains constant. As always, we seek to: 􀂃 capitalize actively on the opportunities presented by volatile investor sentiment 􀂃 ensure that portfolio risk profiles are appropriate for our investment strategies 􀂃 pursue fundamental value that helps build client wealth over the course of many business cycles 􀂃 take dynamic action that serves the long-term interests of our clients, yet remain steadfast when patience is warranted In this 2023 outlook, our investment managers share their diverse views on where markets are headed and how they are positioning their strategies. We hope you find the discussions informative, and we wish you a healthy and prosperous New Year. Contents 2023 Market Outlooks 􀂃 Equity Andrew Slimmon ........................................................................................ 3 􀂃 Income Jim Caron ......................................................................................................... 5 􀂃 Global Income Eric Stein, CFA .............................................................................................. 7 􀂃 Emerging Markets Jitania Kandhari .............................................................................................9 􀂃 Multi-Asset Andrew Harmstone................................................................................... 11 􀂃 Calvert John Streur ................................................................................................... 13 2023 Strategy Outlooks Equity 􀂃 Counterpoint Global Manas Gautam ........................................................................................... 15 􀂃 International Equity William Lock, Bruno Paulson .............................................................. 17 􀂃 Emerging Markets Equity Vishal Gupta ................................................................................................ 19 􀂃 Global Listed Real Assets Laurel Durkay ...............................................

Jul 16, 2026

Upload by Miles