All Asset allocation articles
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White papersRelative Value & Tactical Asset Allocation Q1 2026
The dispersal of artificial intelligence (AI) and related technologies across the economy is creating both optimism and pessimism. Job disruptions caused by the spread of this technology appear to be manifesting in rising youth unemployment, a development that has real social and economic impacts in both the short and long term — both on the workers directly impacted and on their families.
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White papersKeeping the lights on: How utilities are meeting AI’s energy needs
As we head into year-end, the question on many investors’ minds is: “What’s next?” While some themes have run their course, one opportunity continues to stand out - listed infrastructure. In this note, Jim Wright, Fund Manager of the Premier Miton Global Infrastructure Income Fund, explains why affordability concerns remain and how innovative solutions and cost-sharing models are emerging to address these challenges.
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VideoHow can Money Market Funds ensure liquidity as well as an attractive yield?
In a new video, Joanne Bartell, Portfolio Manager for Liquidity, outlines why money market funds can potentially outperform traditional bank deposits, how combining trader and portfolio manager roles can boost investment decision making, as well as providing a perspective on the current cash management landscape.
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White papersSizing private-market allocations
Interest in private-market allocations appears to continue its steady ascent in 2025. Historical returns and diversification potential are attracting a wide variety of asset owners, who are accessing everything from early-stage venture capital to investment-grade private placements through an expanding set of vehicles.
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White papersPension Funds Letter 25 - Dynamic thinking - A playbook for pension resilience
Endurance has been a watchword for markets in 2025. As we shift to a multipolar world, this new regime is being driven by innovation and defined by, what we are naming, “controlled disorder”. Despite repeated shocks, the tech-led transformation, fiscal stimulus and industrial policy are sustaining economic activity. New winners are emerging. As we advance across this unfamiliar territory, diversification and selectivity remain the most effective defense.
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WebinarJoin us for an in-depth look at the 2026 Investment Outlook for pension funds
Tuesday 9 December 2025, 9:00 am EDT / 2:00 pm GMT
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White papersChina’s lithium crackdown and electric vehicle price wars: What investors need to know
The boom years are over. Beijing’s crackdown on low-grade lithium, loss-making battery plants and fragmented EV brands signals a new era of discipline. For investors, the question is: who thrives when growth gets disciplined?
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White papersLeaning in: December macro and asset class views
Market volatility has picked up of late, which was bound to happen at some point after an almost straight-line move upward in equity markets since mid-April. The recent bout of volatility has coincided with consternation on the outlook for Fed easing and increased scrutiny on the return on investment from AI-related capital expenditures.
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White papersPrivate credit’s evolution
The private credit market has experienced remarkable growth, reaching $1.7 trillion in assets under management and 13% annual growth since the 2008 financial crisis. Rather than signalling a bubble, this expansion represents the evolution of a maturing asset class, offering institutional investors compelling opportunities for those who can navigate its increasing complexity.
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White papersHow emerging market debt is adapting to a sea of change
Emerging market debt (EMD) has historically been viewed as a tactical allocation, but structural improvements in policy credibility, fiscal discipline, and market depth now position it as a core component of a diversified portfolio. We think EMD is attractive for investors looking for a stable allocation to an asset class that is supported by strong growth, increasing credibility, and diversification.
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White papersEuropean equities - European strategic autonomy: A long-term investment opportunity
Europe is deepening its quest for strategic autonomy. What began as a post-pandemic policy slogan has evolved into a financial reality, with tangible investment implications – Europe now allocates billions annually to defence, industrial resilience, and key technology sectors.
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White papersKeep it turning
A spirit of endurance has characterized the market rally of the past year and looks set to persist in 2026. So will some of the asset price paradoxes that are emerging as the global economy transitions to a new innovation-led regime and as geopolitics enters a phase of controlled disorder.
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White papers2026 Investment Outlook
A spirit of endurance has characterized the market rally of the past year. This looks set to persist in 2026 as the global economy transitions to a new innovation-led regime and geopolitics enters a phase of controlled disorder.
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PodcastDeciphering conflicting signals - Global Investment views by Outerblue Convictions
Returning from trips to major summits in Washington and Shanghai, Monica Defend, Head of the Amundi Investment Institute, sits down with our host, Swaha Pattanaik, to discuss the tone on the ground and how this compares to what we’re seeing in the markets and our own economic forecasts for the months to come.
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White papersRethinking equity allocation from a global perspective
Due to the relatively high level of volatility associated with holding equities, it is hard to escape their gravitational pull on total portfolio risk and return.
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White papersPivot to Europe: (re)positioning along the new Fixed Income routes
Year to date, European fixed income has delivered broadly positive performance, albeit with pronounced dispersion by sector, curve, rating and country. Active asset allocation and security selection have benefited from divergences across European fixed income markets.
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White papersInsuring the future: The case for diversified private credit
Insurers have long relied on the pick-up in corporate spreads over sovereigns as a core investment strategy, but today’s investment landscape is prompting a strategic rethink for European insurers. As traditional public fixed income loses its edge, private credit is emerging as a powerful alternative. This fast-growing asset class offers insurers a way to tackle key portfolio challenges, boost diversification, and potentially enhance returns. In this paper, we explore how European insurers can harness private credit to help strengthen investment outcomes and build portfolio resilience.
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White papersThe Future of Asset Management: The Macro Imperative
This note outlines an outlook for the asset management industry rooted in our view of the macro investment environment, which suggests that asset owners may need to reexamine their strategic allocations. A higher equilibrium level of inflation, high valuation multiples and less available diversification are not bearish per se, but they do prompt a need to change portfolio design, with the need to protect long-term purchasing power at its heart.
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White papersRetirement Accumulation Strategies with Real Assets and Inflation Risk
This article presents a comprehensive, dynamic asset allocation framework for retirement savings, extending the classical Merton model to include human capital. This framework reconciles the intuitive age-based glide path with financial theory, recognizing that total wealth consists of financial capital and the present value of future contributions.
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PodcastPivot Points: Rediscovering Europe, Japan and Emerging Markets
Amid shifting global market currents, investors are reassessing where the most compelling opportunities lie beyond the US. Shifts in earnings trajectories, valuation dispersion, and evolving policy signals are reshaping the risk-reward across regions and asset classes, prompting a fresh look at how to balance exposures.
