Portfolio Insights

A range of information on educational research, portfolio manager insights, timely trends, and asset allocation applications.

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28/03/2025

Global Asset Allocation Views 2Q 2025

As U.S. growth is cooling, but not collapsing, we have trimmed overall risk in our portfolios. We are broadly neutral to modestly overweight equity; we overweight credit with reasonable conviction and mildly overweight duration.

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By John Bilton
JB
John BiltonHead of Global Multi-Asset Strategy
, Jeff Geller
JG
Jeff GellerCo-CIO, Americas, Multi-Asset Solutions
, and 5 others
GH
Gary HerbertCo-CIO, Americas, Multi-Asset Solutions
JK
Jamie KramerCIO and Global Head of Asset Management Solutions
DL
David LebovitzGlobal Strategist, Multi-Asset Solutions
YR
Yaz RomahiChief Investment Officer, Quantitative Solutions
KT
Katy ThorneycroftHead of Multi-Asset Solutions International CIO
28/03/2025
blue sky with clouds
25/03/2025

Global Fixed Income Views 2Q 2025

We see Sub-Trend Growth as becoming more likely at 60%, and have lowered the probability of Above-Trend Growth to 10%. We raised the probability of a Recession to 20% while Crisis remains at 10%.

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By Bob Michele
BM
Bob MicheleGlobal Head of Fixed Income, Currency & Commodities
25/03/2025
Building in blue sky
05/03/2025

How investors should think about geopolitical risk

Geopolitical risk is elevated but far from extreme. Still, political polarization has intensified and creates a more challenging environment. We favor bonds to protect portfolios from growth shocks and real assets to protect from inflationary risks.

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By John Bilton
JB
John BiltonHead of Global Multi-Asset Strategy Multi-Asset Solutions
05/03/2025
28/02/2025

Guide to ETFs

Explore J.P. Morgan Asset Management’s ETF investing guide with insights on ETF market trends and best investing practices for smarter portfolio decisions.

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28/02/2025
05/02/2025

Global Equity Views 1Q 2025

Our portfolio managers are modestly positive on markets. Despite high valuations, we think it is too early to take a stance against the AI winners. We prefer quality stocks across sectors, but the most obviously defensive stocks look overpriced.

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By Paul Quinsee
PQ
Paul QuinseeGlobal Head of Equities
05/02/2025
04/02/2025

Factor Views 1Q 2025

U.S. equity factors led the market lower in the fourth quarter of 2024, the first decline, in aggregate, since early 2023 as the market was challenged by stock investors’ preference for expensive, low quality stocks. Macro factors performed well.

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By Yazann Romahi
YR
Yazann RomahiChief Investment Officer, Quantitative Solutions
, Garrett Norman
GN
Garrett NormanInvestment Specialist
, and Keegan Ball
KB
Keegan BallInvestment Specialist
04/02/2025
Long-Term Capital Market Assumptions

Time-tested projections to help build stronger portfolios

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Multi-Asset Solutions Strategy Report

Highlights key developments in markets and economies, and examines the potential investment implications for multi-asset portfolios.

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Weekly Bond Bulletin

Gain insights on fundamentals, quantitative valuations, technical and more in the weekly report by the Global Fixed Income, Currency & Commodities (GFICC) team.

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