This session will identify some potential unappreciated risks and even more unappreciated opportunities in support of taking a valuation driven approach.

Sharing insight in

- How valuation can be a useful investment ally

- Why market concentration could potentially fuel risk

- Highlight valuation driven investment opportunities into 2025

- Covering all the bases (or at least more of them) in a truly diversified approach

Learning outcomes:

1. Enhance understanding of using valuation in making investment decisions.

2. Share understanding of current risks and opportunities in markets.

3. Give insight through examples on how multi-asset investing principles might support successful investor outcomes.

In markets, great expectations have a tight relationship with great returns--if it's past returns you care about. If you're focused on the future, the reverse is true. When expectations are high, so is risk. As we look across markets today, we see all sorts of things that only make sense with great expectations: valuations in the US, crowding in stockmarkets, faith in low inflation, and concentrations in adviser portfolios, to name just a few.

Looking at individual assets provides a different perspective. While expectations are high in some areas, they are depressed in others. For independent-minded investors, the neglected parts of markets provide opportunities to improve diversification, reduce risk, and enhance long-term returns.