1、Its complicated Fund selectors look to balance challenging markets and evolving client needs2023 NATIXIS GLOBAL FUND SELECTOR OUTLOOK SURVEY1 I 2023 NATIXIS GLOBAL FUND SELECTOR OUTLOOK SURVEYAfter riding out two years of a global pandemic with relative ease(and double-digit returns),markets and inv

2、estors around the world faced a rude awakening in 2022.Inflation shot to a 40-year high,interest rates spiked to a 15-year high,and markets around the world respond-ed with the worst losses many had seen since the 2008 global financial crisis.Results from a recent survey of 441 fund selectors at lea

3、ding wealth management,private bank,and in-surance platforms in 28 countries call for more of the same in 2023.Except now 62%globally,and 65%in EMEA,believe recession will be absolutely necessary in order to get inflation under control.Where the risks lie Looking at the year ahead,inflation(70%)and

4、interest rates(63%)continue to rank at the top of portfolio con-cerns,and as policy makers plan more hikes in 2023,a central bank error(52%)ranks as the biggest economic risk.One year into Russias war on Ukraine,geopolitics also factor prominently in the economic picture.Almost half of fund selector

5、s(49%)see the specter of war as a pressing economic risk.Almost the same number see US/China relations(48%)as a risk as trade and Taiwan policies intersect.The risks all come at a time in which the wealth man-agement business is facing dramatic changes:Investors want more comprehensive financial pla

6、nning services from wealth managers,and the firms themselves are working to tailor their offerings to meet the evolving needs of higher net worth clients and deliver a more consistent investment experience.As a result,selectors not only have to address the market challenges ahead,but also deliver ne