Обзоры мировых инвестбанков на 2023 год

В этом посте мы постарались собрать в одном месте прогнозы локальных и мировых инвесткомпаний на 2023 год, в том числе по нашему казахстанскому рынку. К сожалению, наш рынок освещается только в обзорах от Jusan Invest и Freedom Broker. Но это лучше, чем ничего.

Если у вас есть ссылки на обзоры, которых здесь не хватает, напишите об этом в комментарии.

Приятного чтения!

На русском языке:

"Инвестиционная стратегия на 1-е полугодие 2023 года" - Jusan Invest

https://insights.jusaninvest.kz/storage/h0Se2gk1RhkxQEkgQ7NgWv2huicNUZOORyMPF6qh.pdf

"В ожидании рассвета" - Центр аналитики и экспертизы ПСБ

https://rusbonds.ru/rb-docs/analytics/PSB__Stocks_3012_.pdf

"Стратегия 2023" - Альфа Групп

https://rusbonds.ru/rb-docs/analytics/Alfa_Equity_Rus_2022_12_29.pdf

"РЫНОК АКЦИЙ США" - Синара

https://rusbonds.ru/rb-docs/analytics/Sinara_USA_2022-12-29_.pdf

"РЫНОК АКЦИЙ РФ" - Синара

https://rusbonds.ru/rb-docs/analytics/Sinara_Other_2022-12-22_.pdf

"Рынок акций США. Стратегия 2023" - БКС

https://bcs-express.ru/novosti-i-analitika/rynok-aktsii-ssha-strategiia-2023

"Российский рынок акций" - БКС

https://researchlinks.bcsgm.com/reports/Desk%20Note/BCS%201Q%20Strategy_211222_RUS.pdf

"Инвестиционные перспективы 2023 года" - Freedom Broker

https://rusbonds.ru/rb-docs/analytics/FfinKZ_investresearch_2612.pdf

"Стратегия на российском рынке акций 2023" - Доход

https://www.dohod.ru/analytic/research/strategy/strategiya-na-rossijskom-ryinke-akczij-2023

"Чего ждать от 2023 года?" - Тинькофф Инвестиций

https://www.tinkoff.ru/invest/research/strategy/2022-december/

На английском языке:

“This cycle is different” — Goldman Sachs

https://www.goldmansachs.com/insights/pages/gs-research/macro-outlook-2023-this-cycle-is-different/report.pdf

Все части Goldman Sachs

https://www.goldmansachs.com/insights/pages/2023-outlooks/

“A bad year for the economy, a better year for markets” — JPMorgan

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/mi-investment-outlook-ce-en.pdf

"2023 Long-Term Capital Market Assumptions" - JPMorgan

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/portfolio-insights/ltcma/ltcma-full-report.pdf

"Outlook 2023: See the potential" - JPMorgan

https://assets.jpmprivatebank.com/content/dam/jpm-wm-aem/documents/en/investing/outlook-2023.pdf

“Applying the lessons of a turbulent year to 2023” — Morgan Stanley

https://www.morganstanley.com/im/publication/insights/articles/article_2023investmentoutlook_enin.pdf

“Inflation peaks, growth slows” — Morgan Stanley

https://www.morganstanley.com/ideas/global-macro-economy-outlook-2023

“Back to the (new) future” — Bank of America

https://about.bankofamerica.com/en/making-an-impact/outlook-2023-webcast

“A new investment playbook” — BlackRock

https://www.blackrock.com/corporate/literature/whitepaper/bii-global-outlook-2023.pdf

“Sequencing several pivots” — Société Générale

https://insight-public.sgmarkets.com/insights/multi-asset-portfolio-outlook-2023

“Keep calm and carry on” — Allianz

https://www.allianz.com/en/economic_research/publications/specials_fmo/global-economy-outlook.html

“Looking for the silver lining” — HSBC

https://www.privatebanking.hsbc.com/content/dam/privatebanking/gpb/wealth-insights/investment-insights/house-views/2023/brochure/Q1%202023%20Investment%20Outlook%20-%20Looking%20for%20the%20Silver%20Lining%20-%20Brochure.pdf

“Next year will be a long, hard slog” — Barclays

https://www.cib.barclays/our-insights/3-point-perspective/q1-2023-global-outlook.html#:~:text=2023%20may%20well%20be%20one,3.2%25%20growth%20expected%20for%202022

“Roadmap to recovery” — Citi Wealth

https://www.privatebank.citibank.com/newcpb-media/media/documents/outlook/outlookwealthreport2023.pdf

“Calm waters turn choppy” — UBS

https://www.ubs.com/global/en/assetmanagement/insights/investment-outlook/panorama/panorama-end-year-2022/articles/calm-waters.html

“A fundamental reset” — Credit Suisse

https://data.stagingmag.nl/2763/issues/39432/494150/downloads/2209270_cs_io_2023_en_rgb_digital.pdf

“Investing in an age of transformation” — BNP Paribas

https://docfinder.bnpparibas-am.com/api/files/37CB6B30-A48A-45F6-B2E4-CCC5927F434C

“Resilience versus recession” — Deutsche Bank

https://www.deutschewealth.com/content/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2023/CIO-Insights-Outlook-2023-Resilience-versus-recession.pdf

“May he live in interesting times” — ING

https://think.ing.com/uploads/reports/ING_global_outlook_2023_Dec_2022_OT.pdf

“Navigating a bumpy landing” — State Street

https://www.ssga.com/library-content/pdfs/gmo-2023-navigating-a-bumpy-landing.pdf

“Recession, recovery, and rebound” — Wells Fargo

https://www08.wellsfargomedia.com/assets/pdf/personal/investing/investment-institute/2023-outlook-report_ADA.pdf

“Looking through to recovery” — BNY Mellon

https://www.bnymellonwealth.com/content/dam/bnymellonwealth/pdf-library/articles/Final_BNYM2023OutlookMaster12_20_22.pdf

“Navigating the polycrisis” — Fidelity International

https://professionals.fidelity.co.uk/static/master/media/pdf/outlook/annual_outlook_2023.pdf

“2023 investment outlooks” — Invesco

https://www.invesco.com/middle-east/en/insights/investment-outlooks.html

“No easy way out” — S&P Global

https://www.spglobal.com/ratings/en/research-insights/topics/outlook-2023

“Vanguard economic and market outlook for 2023” — Vanguard

https://investor.vanguard.com/investor-resources-education/news/vanguard-economic-and-market-outlook-for-2023-global-summary

“Will the global economy tip into recession?” — Capital Group

https://www.capitalgroup.com/advisor/insights/categories/outlook.html

“Feeling the squeeze” — Nordea

https://docs.nordeamarkets.com/nordea-economic-outlook/economic-outlook-2022/eo-en-03-2022/?page=12

“Investing through shifting macro perspectives” — PGIM

https://www.pgim.com/investments/getpidoc?file=DF1B2252A93C42328E3C0AF5BC12455E

“Things that won’t happen in 2023” — TS Lombard

https://blogs.tslombard.com/things-that-wont-happen-in-2023

"Economic and Market Outlook 2023" - Zurich

https://www.zurich.com/-/media/project/zurich/dotcom/economics-and-markets/docs/2023/economic-and-market-outlook/economic-and-market-outlook-2023-down-but-not-out.pdf?rev=02dffb3a82a94d23bf92d7bac9637e6c&hash=0B7A5A44A442A499B76B087CD2ECD11D

"Market Outlook 2023" - Santander

https://www.santanderbank.com/documents/330001/372129/Global+Market+Outlook+FINAL.pdf/7ebbb6d0-436d-990f-d146-0249c8540d02

"The Age of Confusion" - Robeco

https://www.robeco.com/en-int/themes/expected-returns/2023-2027#2kcuTWKM6zwqfJdJRrAWFe

"Global Economic Outlook" - KPMG

https://assets.kpmg/content/dam/kpmg/uk/pdf/2022/09/global-economic-outlook.pdf

"After the Gold Rush" - Natixis

https://www.im.natixis.com/uk/resources/institutional-investor-survey-2023-outlook-doc

"Global Outlook 2023" - ABN Amro

https://assets.ctfassets.net/1u811bvgvthc/3J6EztxKUIpTzE7E9ASaNj/6d251b9280177e2d1c3afd68425654c0/Global_Outlook_2023.pdf

"Outlook 2023-2024" - Investment Managers

https://cloud.mail.ru/public/Gyct/uCrqXLZyk

"2023 Investment Outlook" - Amundi

https://research-center.amundi.com/article/2023-investment-outlook-some-light-investors-after-storm

"Outlook 2023" - Barclays

https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2022/november/global-outlook-2023/IBIM11318_MP_Outlook_2023.pdf

"2023-24 Outlook" - UniCredit

https://www.research.unicredit.eu/DocsKey/economics_docs_2022_184258.ashx?EXT=pdf&KEY=C814QI31EjqIm_1zIJDBJMFJK6gFt5Ic8ChzcuRXBYo=&T=1