Each month, Awap surveys its community of Independent Wealth Managers to take the pulse of the market.
Here are some key findings from the AWAP Barometer for IWMs – May 2026:
– 3 out of 4 believe equities will retest their lows… which is consistent with historical data: in 3 out of 4 corrections over the past 50 years, lows were retested in the following months – Thanks to Emmanuel Ferry for the statistics.
– Unanimous view on Gold: it is not “Dead Money”
– Inflation overtakes geopolitics as the #1 risk (73% vs 27%)
Sentiment is defensive. Conviction in real assets, particularly those that offer inflation protection, remains undiminished.
Further editions will follow to track the evolution of managers’ sentiment.
