2022 noticed main jolts. The very best U.S. inflation in 4 a long time. World political nervousness as Russia invaded Ukraine. Mounting recession worries amid financial fallout from the pandemic. And a pointy downturn in inventory and bond markets.
With the S&P 500 down roughly 20% for the 12 months, most traders noticed their portfolios shrink amid the turmoil. And savers ought to anticipate extra of the identical in 2023, in response to market watchers.
Elizabeth Burton, a managing director and shopper funding strategist at Goldman Sachs Asset Administration, instructed a webinar on Nov. 14 that “the portfolio building playbook that labored so properly for the previous couple of a long time will likely be much less efficient going ahead.” The brand new financial and political pressures, she added, “are shortly calling conventional funding approaches into query.”
Regardless of the turmoil, some fund managers discovered alternative within the chaos.
Scroll by way of the ten top-performing exchange-traded funds of 2022. All knowledge is from Morningstar Direct.