How investors can best structure their portfolio now

Frankfurt The great inflation drama seems to be drawing to a close. But what exactly might that ending look like? It depends on how the individual sectors of the capital market develop.

Will there be a ‘hard landing’, ie an end to inflation, together with a clear recession? Or a “soft landing”, as the Americans call it, an end to the high price increases with a slight recession or almost no significant economic downturn?

The most unpleasant variant would be a “no landing”, i.e. inflation continuing, albeit at a lower level than last time.

For investors, it is important to structure the portfolio in such a way that it survives every “landing” as unscathed as possible. So what is the recommended split between stocks and bonds?

Which regions are to be preferred and which fixed income securities are shortlisted? Experts from major asset managers States Street Global Advisors and Vanguard provide their recommendations.