2020 Outlook: Everything in Moderation

Presented by

Jim McDonald, Chief Investment Strategist, Bob Browne, CFA, Chief Investment Officer

About this talk

Get an inside look into the key investment themes driving our tactical outlook and asset allocation in the coming year. Join our Chief Investment Officer and Chief Investment Strategist as they explore: -Economic growth: slow but resilient -Monetary and fiscal policy: accommodation leads to coordination? -Tactical positioning: equities, high yield and real assets

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Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments, so they can confidently realize their long-term objectives. Entrusted with $914 billion in assets,* we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. *Assets under management as of March 31, 2020. Northern Trust Asset Management is composed of Northern Trust Investments, Inc. Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K, NT Global Advisors Inc., 50 South Capital Advisors, LLC and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Important disclosures: https://www.northerntrust.com/united-states/terms-and-conditions