Robeco Institutional Asset Management B.V.Multi-asset market outlook : energy self-sufficiency in the age of shocks / Robeco Institutional Asset Management B.V. — Rotterdam : Robeco Institutional Asset Management B.V., 202615 p.General overview -- Robeco multi-asset views -- Theme of the month: Energy self-sufficiency in the age of shocks -- Regional energy strategies: China, US and Europe -- Energy vulnerabilities and supply chain fragility -- From net zero to system transformation -- Economy: Do inflation expectations turn into a growth shock? -- The longer the supply chain shock, the bigger the headwind -- Important information Capital at risk -- Additional information for investors (regional notices). — Sumario: The report highlights a stock market rebound led by Big Tech and emerging markets, alongside a rise in energy prices driven by intermittent closures of the Strait of Hormuz, and analyzes their effects on inflation and interest rate expectations. In terms of positioning, it outlines a pro-equity stance, with a preference for emerging markets, gold exposure, and short-duration positioning in European fixed income. The central theme focuses on energy self-sufficiency and critical minerals, examining Europe's vulnerabilities and the strategies of China, the United States, and the European Union, particularly through investments in the energy transition and electrification. The report warns that prolonged supply disruptions could shift inflationary pressures into weaker growth, although global manufacturing PMIs remain in . — Ámbito geográfico: Internacional1. Mercados financieros. 2. Perspectivas económicas. 3. Inversiones. 4. Energía. 5. Geopolítica. I. Robeco Institutional Asset Management B.V.. II. Título.
