This year we explore the trade-offs and complications of late-cycle investing, in particular the challenges to portfolio construction that zero or negative bond yields present. Ultra-low yields may require a rethink of the traditional 60/40 portfolio, demanding flexibility in portfolio strategy and precision in its execution.
Investors and advisors depend on our projections to inform their strategic asset allocations. The assumptions are at the core of our own approach to building strong portfolio solutions aligned with clients’ investment needs.
LTCMA Insights
Assumption matrices
Arranged in an easy-to-reference format, each LTCMA matrix provides our expectations for returns, volatilities and correlations.
Full report and exec summary
Choose between a comprehensive analysis of our forecasts and critical investment themes, or a simpler overview of our macro and asset class assumptions.
Download the executive summary >
This website is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By accessing this content you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of managing investment funds. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor's own situation. Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors.
J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.