Portfolio Insights

Insights to build stronger portfolios

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

Most popular Insights

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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Building Stronger Portfolios

Multi-Asset Solutions' Asset allocation views are translated into a series of model portfolios to help investors make thoughtful, well-informed decisions in building and managing portfolios.

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Principles for Effective Portfolio Construction

A disciplined approach with key strategies and a systematic framework to build portfolios that help solve investor needs.

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Asset class views from our senior investors

Global Asset Allocation Views 2Q 2023

Subtrend growth and elevated recession risks call for cautious allocation. Our highest conviction call is to be overweight duration. We modestly underweight equity and take a neutral stance on credit, preferring investment grade to high yield.

Global Fixed Income Views 2Q 2023

Recession remains our base case, at 60% probability, as central bankers say they will fight inflation aggressively. We lowered Crisis to 5% and raised Sub Trend Growth to 35%, acknowledging the global economy’s resilience.

Global Equity Views 2Q 2023

Our portfolio managers remain slightly cautious and emphasize quality in portfolios. Valuations look very reasonable in most regions and industries, but the impact of higher interest rates will be a challenge in 2023.

PM Corner: Multi-Asset Solutions Team

Portfolio manager Philip Camporeale explains the opportunity for multi-asset investors as we expect stocks and bonds to get back to normal.

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The economic importance of biodiversity: Threats and opportunities

Biodiversity—an essential for life, especially food production—is being harmed by human impacts. Investors can help as new global commitments, metrics and initiatives emerge and companies improving biodiversity present new investing opportunities.

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Brave New World

The world around us is changing rapidly. With countless new investment opportunities emerging, how do we distinguish what will be truly enduring innovation from a passing fad or trend? It’s a critical question investors are asking, at a time of increased volatility.

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Factor Views 2Q 2023

Market reversals challenged many factors in 1Q 2023, though performance remains broadly positive over 12 months. We continue to view factors’ prospects as attractive, particularly equity value. This quarter, we introduce new credit factors.

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Municipal Bond Views 1Q23

After a difficult 2022 for markets, municipal bonds yields offer value in 2023—particularly bonds of 10 years and longer—and a strong opportunity for portfolio diversification, and issuers are well-positioned for macro headwinds.

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