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Mid-Year Outlook 2022
09 Aug 2022
The first half of the year was characterised by Russia’s invasion in Ukraine, and a slowing economy as central banks tightened aggressively. This led to weakness in market sentiment and rise in volatility, with risky assets falling the most in the past 40 years, during the first half of 2022.

Despite that the risk-reward trade-off for long-term investors has improved, the lack of a clear catalyst for a sustainable rebound in risky assets supports our view to remain cautious. We continue to hold a defensive allocation for equities and favour high quality credit in the fixed income market.


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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).