Multi-Asset Class Capabilities

The Coronavirus and Portfolio Risk

We hope for rapid containment of the coronavirus outbreak, but believe it is too early to make big investment decisions.

Risks Rebalanced

A less cautious stance, with upgrades for pro-cyclical sectors and regions—including non-U.S. equity markets, U.S. credit, and emerging markets debt and equity.

Equity Portfolio Construction: Filling the Gap Between Alpha and Beta

Separating equity alpha and beta is a good first step—but could investors be doing more in the space left between them?

Solving for 2020: "Fiscal Dysfunction" Unmasked

The heads of our investment platforms identified the key themes they anticipate will guide investment decisions in 2020.

Asset Allocation Committee Outlook 4Q2019: Two-Tier Growth Revisited

As the markets exhibit two-tier performance and the global economy edges back toward two-tier growth, the AAC has adopted a two-tier view.

Late Cycle Investing: What’s Next?

What can investors expect as the next downturn seems inevitable?

Asset Allocation Committee Outlook 3Q2019: Beneath the Surface

Headline economic data and index performance conceal more interesting stories of complexity and opportunity.

Survive and Thrive: Late-Cycle Investing

Late-cycle is arguably the most challenging time for investors and asset allocators.