Each year, our Investment Solutions Group (ISG) assess the current investment landscape and discuss how we are positioning client portfolios. Download the full report >

We are pleased to share Brown Advisory’s 2021 Investment Solutions Group (ISG) Annual Outlook report. Each year, the Annual Outlook report assesses the current investment landscape and discusses how we are positioning client portfolios.

In many ways, the year’s investment backdrop is like no other. Investors are analyzing the impact of the COVID-19 pandemic, a new presidential administration, and unprecedented levels of fiscal and monetary support on markets.

Valuations seem stretched, and there may be many signs that animal spirits are soaring. The 2021 ISG Annual Outlook examines key market dynamics including:

  • Signs of speculative excess including the boom in special purpose acquisition corporations (SPACs), the boom in retail trading volumes, and the sharp rise in the price of cryptocurrencies.
  • The impact of the COVID-19 pandemic and the potential consequences of the unprecedented response by central banks and policy makers.
  • Valuations across asset classes, and the importance of interest rates to these valuations.

Despite the year’s unusual backdrop, the keys for long-term investment success may be similar to other years. These include patience, a consistent adherence to a long-term plan for each client through the highs and lows of market cycles, and careful diligence to ensure that the managers we recommend to clients have the potential to serve as able stewards of their capital for many years to come.

The 2021 ISG Outlook Report also discusses our positioning and areas of the market we find relatively attractive, including:

  • Emerging Asia, which may offer attractive secular trends and valuations
  • An increasing exposure to value, but with a focus on quality
  • Assets that can serve as a hedge for inflation, including real estate and infrastructure assets

We hope you find the report helpful and informative, and we welcome your questions and feedback.

Download the full report >

The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.