2022 Outlook: Amundi Says Selecting Equities Through Inflation And ESG Lenses

Amundi, the largest European asset manager, has published 'Investing in the great transform' outlook for 2022.

We could pay attention to some key points:

Key Investment Convictions For 2022-- Moving to a late cycle in H2: equities, EM and commodities favoured.
Play equity with a focus on the least stretched areas (value, EM, Europe) and sensitivity to higher rates.

Allocation: Start neutral and recalibrate risk
Focus on inflation-sensitive asset classes to build a resilient allocation.

Equities: Selection through inflation and ESG lenses
Balancing core value and momentum with quality. On themes, consider value (banks), pricing power (luxury, semi-conductors), rising commodities (energy), capex (capital goods) and quality (pharmaceuticals).