Skip to main content
logo
  • Funds
    Overview

    Fund Explorer

    • Search our funds

    Capabilities

    • Fixed Income
    • Equities
    • Multi-Asset
    • Alternatives
    • ETFs

    Fund Information

    • Fund news and announcements
    • Regulatory updates
    • Capacity management
  • Investment Themes
    Overview
    • Sustainable investing
    • Emerging Markets
    • Strategic Beta
  • Insights
    Overview

    Market Insights

    • Guide to the Markets
    • On the Minds of Investors
    • The Weekly Brief
    • Investment Principles
    • Investment Outlook 2025
    • Foundations of Alternatives
    • Why Alternatives?

    Portfolio Insights

    • Asset Allocation Views
    • Fixed Income Views
    • Equity Views
    • Factor Views
    • Emerging Market Debt Strategy
    • ETF Perspectives

    Webconferences

    • Webconferences
  • Library
  • About Us
    Overview
    • Diversity, Equity and Inclusion
    • Our Leadership Team
  • Contact Us
  • Role
  • Country
Search
Menu
Search

  1. Asset Class Views | Portfolio Insights

  • LinkedIn Twitter Facebook
hero-insights-1440

Asset Class Views

Commentary, strategic perspectives and in-depth analysis from our investment teams to help guide your portfolio decisions.

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.

Read more

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%.

Read more

Global Equity Views 1Q 2025

2025 looks like a good year for profits. Many of our investors favor adding to defensive and higher quality names while remaining cautious about AI stock valuations.

Read more

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.

Read more