FPWM Investment Strategy Committee Q3 2022 Tactical Views

2022 has not been a good year for investors to date, but history shows us that the difficult times don’t last forever. We are hopeful that the tide will turn soon, and we aim to use that to our advantage. In the meantime, we aim to position portfolios to ride through the remaining period of volatility and ensure that when sentiment turns, which it will, we participate fully in the market recovery. By limiting the downside and participating as fully as possible in the upside, your portfolio will win over the long term and this “positive skewness” is exactly what we try to achieve through our portfolio construction.