399: Middle East conflict: implications for investors

This episode is the edited audio of a webinar we held with clients on 5 March to discuss the implications for investors of the recent escalation in the Middle East.
Alongside its profound human and political consequences, the conflict has prompted significant market moves. Among other topics, our speakers covered:

• How the duration of energy market disruption could be pivotal to the investment outlook
• The potential implications for inflation and central bank policy of higher energy prices
• Why government bond yields have moved higher and credit spreads are largely tighter
• The market backdrop in which the conflict has unfolded, including AI-related concerns
• Signals that might prompt us to make material changes to portfolio positioning

Our speakers were Jason Shoup, Global Co-Head of Fixed Income and CIO, L&G – Asset Management, America; Colin Reedie, Head of Active Strategies; and Chris Jeffery, Co-Head of Asset Allocation and Head of Macro.
The webinar was moderated by Laura Brown, Head of Public Markets Distribution.
For professional investors only. Capital at risk.