After years of underinvestment, the world is in the early stages of a potential global gas crisis. But with ambitious global climate targets largely incompatible with natural gas demand, uncertainty abounds.

Taking a step back from day-to-day market movements, we have reflected on our team's overall investment strategy outlook and economic thinking. An update of our established framework of recession indicators suggests that the economy has moved into late cycle much faster than we expected. This makes our bullish view on equities more tactical than it was before.

Commodity investments can provide diversification and hedging benefits against inflation risk, but are not a panacea. Good performance in inflationary periods has historically been offset by lower long-term return expectations. Our view of the trade-off suggests commodities can play a role in portfolios, bringing beneficial diversification potential, when needed.

LGIM review the Bank of England's decision to increase its interest rate to 0.50% and the implications for the economy, gilts, and corporate bonds.

Even though 2022 has begun with an abrupt change in the macro narrative, stoked by the Fed, we hold the line on our bullish outlook for risk assets.

Frontier markets (FMs) have performed well in recent months. Have valuations now become stretched?

Even though we're only a few weeks into the new year, investors have already seen some significant moves in markets. In a special CIO call, we discussed how they might play out.

2021 could be described as a 'great acceleration' for sustainability policy: political leaders and policymakers committed to significant reforms, and empowered companies and industries to act. But are these reforms far-reaching or fast enough?