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Mid-Year Outlook 2021

Traveling to the post-COVID world: A new economy, new portfolios

It’s been one of the most challenging periods for humanity in living memory. Now, though, the end of the pandemic is coming into view and the global economy is heading for a full reopening. Despite the return of normality, we also believe the world after COVID will be rather different from how it was before. Certain changes during the pandemic are likely to endure long after the virus is defeated. And we believe that this new economy needs to be reflected in investors’ portfolios.

In Mid-Year Outlook 2021, we examine our exit from the pandemic and what lies beyond. We highlight the assets that still offer recovery potential even after the strong rally of the last year. But we also explain why these are unlikely to be the investments that lead markets higher in the long term. We thus seek to exploit the trends that will keep reshaping the world beyond COVID.

Letter from David Bailin

Read David Bailin’s letter on the case for new portfolios for a new economy.

David image


Mid-Year Outlook will be available in five languages.

Download PDF (10.29 MB)

Meet the team

Outlook is created by a team of wealth experts from across the Private Bank.

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