As we look into 2023, we are possibly past peak inflation and closer to the end of a Fed hike cycle that could be positive for the Income and Growth strategy. The Income and Growth strategy aims to provide the potential for capital appreciation and less volatility than an equity-only fund. The three asset classes --- high yield bonds, convertibles, equities and the use of financial derivative instruments for efficient portfolio management, may help investors generate a diversified income stream potentially and combat volatility.

Justin Kass, CIO and co-head of Income and Growth Strategies shares the views on market update and 2023 outlook.