Robeco CIO warns: No historical scenario offers a reliable guide to what lies ahead

Anton Eser, who has been Robeco’s chief investment officer for a year, advocates “a healthy dose of caution” at the current stage of the economic cycle. Rising bond yields and high government debt levels are a cause for concern, as governments have less room to intervene in the economy than they did during the COVID-19 crisis, for example. “There are no historical scenarios that provide a clear picture of what lies ahead.”