Neuberger Berman: Our 2022 Investment Outlook

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. If you would like to change your e-mail preferences, see the bottom of this message for more information. Also, if you are unable to see the images, please click “Show Images and Enable Links” or right-click to download pictures. Our senior investment leaders identified 10 major themes they anticipate will guide investment decisions in 2022. [Can't view images? Click here]( [NEUBERGER BERMAN]( [Cvent Banner MVP Event] TEN FOR 2022 [Solving for 2022: Entering a New Age]( Our senior investment leaders identified 10 major themes they anticipate will guide investment decisions in 2022. These 10 themes are highlighted below and discussed in more detail in the full Solving for 2022 publication, found in the link below: [READ MORE]( [MACRO: ENTERING A NEW AGE]( 1. The Start of Another Long Cycle—But Also a More Volatile One? 2. Inflation: Higher and More Problematic 3. A New Age of Politicized Economies—And Not Just in China 4. Net Zero Goes Mainstream [FIXED INCOME: RATES ADJUST, INVESTORS EMBRACE FLEXIBILITY]( 5. An Orderly Adjustment for Bond Yields and Spreads 6. Investors Pursue A More Flexible Approach to Seeking Income [EQUITIES: REFLATIONARY THEMES]( 7. A Reflation Tailwind for Value and Cyclical Stocks and Regions 8. With Stretched Market Valuations, Income Becomes More Important [ALTERNATIVES: NO LONGER ALTERNATIVE]( 9. A Bigger Menu of Non-Traditional Diversifiers for Investors 10. Execution Risk, Not Market Risk, Will Likely Determine Success [Follow link in Twitter]( [Follow link in LinkedIn]( This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. This material is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Neuberger Berman, as well as its employees, does not provide tax or legal advice. You should consult your accountant, tax adviser and/or attorney for advice concerning your particular circumstances. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. 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The Asset Allocation Committee reviews and sets long-term asset allocation models, establishes preferred near-term tactical asset class allocations and, upon request, reviews asset allocations for large, diversified mandates. The views of the MAC team or the Asset Allocation Committee may not reflect the views of the firm as a whole, and Neuberger Berman advisers and portfolio managers may take contrary positions to the views of the MAC team or the Asset Allocation Committee. The MAC team and the Asset Allocation Committee views do not constitute a prediction or projection of future events or future market behavior. This material may include estimates, outlooks, projections and other “forward-looking statements.” Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. The duration and characteristics of past market/economic cycles and market behavior, including any bull/bear markets, is no indication of the duration and characteristics of any current or future be market/economic cycles or behavior. Nothing herein constitutes a prediction or projection of future events or future market behavior. Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed or any historical results. A bond’s value may fluctuate based on interest rates, market conditions, credit quality and other factors. You may have a gain or a loss if you sell your bonds prior to maturity. Of course, bonds are subject to the credit risk of the issuer. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the investor’s state of residence. High-yield bonds, also known as “junk bonds,” are considered speculative and carry a greater risk of default than investment-grade bonds. Their market value tends to be more volatile than investment-grade bonds and may fluctuate based on interest rates, market conditions, credit quality, political events, currency devaluation and other factors. High yield bonds are not suitable for all investors and the risks of these bonds should be weighed against the potential rewards. Neither Neuberger Berman nor its employees provide tax or legal advice. You should contact a tax advisor regarding the suitability of tax-exempt investments in your portfolio. Government bonds and Treasury bills are backed by the full faith and credit of the United States Government as to the timely payment of principal and interest. 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