The sound of money

January 7, 2020

Music to Your Ears
 

Despite much uncertainty, we believe opportunities will be available for discerning investors able to take advantage of the volatility in capital markets that we expect to see in 2020.

In terms of key investment opportunities, we have high hopes for the music royalty sector. We see this as a pure play on music streaming, given the stable revenues it appears to provide, irrespective of the economic cycle. We also anticipate further growth in the music streaming industry.

Looking ahead, we expect this, renewables and other real assets to potentially deliver attractive and stable returns through what we believe will be a volatile backdrop for equities and anemic returns for bond markets on a longer-term basis.

Paul Flood, multi-asset manager, Newton Investment Management

All investments involve risk, including the possible loss of principal. Certain investments involve greater or unique risks that should be considered along with the objectives, fees, and expenses before investing. 

Charts are provided for illustrative purposes and are not indicative of the past or future performance of any BNY Mellon Investment Management product.

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Views expressed are those of the advisor stated and do not reflect views of other managers or the firm overall. Views are current as of the date of this publication and subject to change. This information contains projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or expectations will be achieved, and actual results may be significantly different from that shown here. The information is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Forecasts, estimates and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Please consult a legal, tax or investment advisor in order to determine whether an investment product or service is appropriate for a particular situation. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. BNY Mellon Investment Adviser, Inc., and BNY Mellon Securities Corporation are subsidiaries of BNY Mellon. ©2020 BNY Mellon Securities Corporation, distributor, 240 Greenwich St., New York, NY 10286.

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