Wealth Outlook 2024 - Slow then grow

Wealth Outlook 2024 Foreword By Andy Sieg, Head of Wealth 3 Our outlook Taking advantage of the markets’ big reset 5 Slow then grow 10 Geopolitics and elections: assessing risk in 2024 24 Portfolio views Core portfolios could be ready to shine 34 Alternative investing in 2024 41 Peak rates equals peak income: extend duration 47 Opportunistic Our top 10 high conviction potential opportunities 54 Investing with and in unregulated financial companies 71 Unstoppable trends How generative AI might reshape every sector 77 AI-propelled digitization in 2024: five areas of focus 82 OPEC's unlikely role in the energy transition 86 For investors, healthcare innovation is on sale 92 The implications of G2 polarization on global technology 98 Regional outlook Asia: faster growth for 2024 as headwinds recede 106 Europe: a slow recovery, with stronger equity returns later into 2024 115 Latin America: potential opportunities amidst 120 low valuations North America: an emerging set of new opportunities 126 Glossary 106