A New Supercycle Bull Market for Commodities
Is it time to increase strategic exposure to commodities in multi-asset portfolios?
Edward L. Campbell, CFA, is a Managing Director and Co-Head of PGIM Quantitative Solutions’ Multi-Asset team. He is responsible for managing key investment products & strategic client relationships, economic & market research, investment strategy messaging, research and product development of the multi-asset platform. Ed also represents the firm through appearances in major media outlets, including CNBC and Bloomberg Television. Prior to joining PGIM Quantitative Solutions, Ed served as a Portfolio Manager and Senior Analyst for PGIM Investments’ Strategic Investment Research Group (SIRG). Previously, Ed was a Partner and Vice President at Trilogy Advisors. He earned a BS in economics and international business from the City University of New York and an MBA in finance, global business and organizational leadership from the New York University (NYU) Stern School of Business with highest honors. He is a member of PGIM’s Thought Leadership Council and currently serves on PGIM’s Latinx Executive Leadership Team (ELT). He served a two-year term in the Corporate Leaders Program at the Council of Foreign Relations (CFR) ending in 2018 and was a founding member of PGIM’s Diversity and Inclusion Task Force.
Is it time to increase strategic exposure to commodities in multi-asset portfolios?
Rising risk of a global recession and possible policy mistakes by central banks mean the earnings landscape looks poised to change for the worse in 2023.
Central banks are laser-beam-focused on trying to stem inflation by aggressively hiking interest rates, even at the risk of creating substantial economic pain.