Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
In this episode, portfolio manager Steven Visscher covers how Mawer's balanced portfolios navigated 2025 and how they are positioned in 2026. With a war-driven energy shock on one side and an AI investment boom on the other, the market is pulling in two directions at once. Steven walks through what that means for asset mix, where the team is seeing signs of investor complacency, and why cracks in private credit could soon create a meaningful opportunity.
Key Takeaways:
Two forces are competing for market direction in 2026: a war-driven energy shock from the conflict in Iran pushing inflation…
The skinny
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