Global stocks were hit hard in 2022 with the MSCI World Index falling almost 20%. What will this year bring?
Portfolio manager Trent Masters of investment management firm Alphinity spoke to CNBC's Mandy Drury about his outlook for the year, and the stocks he expects will beat the market.
The full interview will be available shortly.
"While 2022 was the year of valuation compression, 2023 will be the year when some former Covid darlings actually go broke," he told CNBC ahead of the Pro Talks.
Masters manages the Alphinity Global Equity Fund, which outperformed the MSCI World Index last year. With the aim of providing "consistently strong" returns, the fund holds global stocks in the consumer discretionary, tech and health care sectors, among others.
Masters has more than 20 years of investing experience. He joined Alphinity in 2021 after working at Global Evolution Capital, where he focused on tech, health, and energy.
