How we are managing our clients’ portfolios

Much of 2020 has been dominated by the COVID-19 pandemic, which has put nations under lockdown, sent financial markets reeling, and driven economies into recession. Our cycle, valuation, and sentiment (CVS) investment decision-making framework has served us well during times of volatility, and with no exception now.

This paper discusses what we’re doing to manage our clients’ portfolios using our CVS framework by answering the following questions:

  • Where in the business cycle is the economy
  • How expensive is a security’s valuation relative to other regions?
  • What are the strongest gauges of market sentiment?

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See Russell Investments’ 2020 Global Market outlook: