All Dynamic/Global/Tactical Asset Allocation articles
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White papersInvesting in a ‘Low Trust’ World
Geopolitics shapes the backdrop for policy and business decision-making. It influences fiscal and industrial policy, public spending, inflation and interest rates. It shapes choices companies make, thereby affecting trade routes and supply chains too.
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White papersA New Investment Playbook for An Unruly World
In a new paper, “A New Investment Playbook for an Unruly World,” MetLife Investment Management outlines how investors may adapt to a shifting global framework, rising geopolitical influence and a more complex, volatile market environment that may be less U.S.-centric.
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White papersRelative Value & Tactical Asset Allocation Q3 2026
Markets are refocusing on fundamentals as geopolitical noise fades. This Q3 2026 outlook highlights resilient growth, persistent inflation and opportunities in high-quality sectors. Discover where disciplined, income-focused investors can find value.
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White papersHedge funds: The Red Thread – Alternatives, mid-year edition 2026
2Q26 outlook - The conflict in the Middle East and subsequent closure of the Strait of Hormuz are shifting the global economy from a ‘goldilocks’ state (steady growth and falling inflation) towards stagflation (lower growth and rising inflation). The recent rebound in risk assets, albeit welcome, may prove short-lived; supply chain disruptions are underway as energy prices and shipping costs rise and global inventories are depleted.
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White papersMulti-Asset Investments Views: From extreme caution to upside chasing
On 17 April, with the Iranian regime having confirmed US President Donald Trump’s claim that negotiations were indeed ongoing in a bid to put an end to the Middle East conflict, we increased our equity exposure to its maximum overweight.
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VideoHow does MDT’s investment approach respond to geopolitical risk events?
MDT chooses discipline over reaction in the face of market shocks.
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White papersRethinking global diversification
The Russia-Ukraine war, the rise of tariffs and, most recently, the energy crisis are all triggers of a new geo-economic regime, where the forces shaping markets are broader and more structural.
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White papersEnvisaging and enabling cities of the future
So said Edward Glaeser, an American economist and influential urban expert at Harvard University. Glaeser’s work has illuminated the ways in which cities could be humanity’s greatest invention and how their evolution can have cultural and economic impacts far beyond their immediate locations.
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White papersBeyond data centres: Could fibre optic networks bridge the AI divide?
If you were asked to name a few standout inventions from the 19th century, you’d probably answer without much hesitation. The steam train, the light bulb, the telephone – all fundamentally changed the way people interact with one another and the world around them.
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White papersRelative Value & Tactical Asset Allocation Q4 2024
We are anticipating a stable macro environment in the near future, with some uncertainties stemming from U.S. elections and monetary policy. We continue to look for spreads to mostly remain range bound, with a low chance of further tightening. With a low risk of recession, a carry strategy is preferred in the next quarter or two, meaning we prefer investments with attractive yields, while remaining cautious about potential weakness.
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White papersPrivate asset allocations in open-ended funds
Allocating to private assets in open-ended funds can offer investors benefits such as diversification, but there are drawbacks, too, like illiquidity. In this second article in a three-part series drawn from a recent paper, we look at how asset managers can construct portfolios for open-ended funds that include allocations to private assets, providing a way for smaller investors to gain exposure.
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White papersRelative Value & Tactical Asset Allocation: Q3 2023
As most central banks are nearing the end of the hiking cycle, JP Morgan’s Global Manufacturing PMI Index remained at a level consistent with a contraction. It was the ninth consecutive month below the neutral level of 50.
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White papersReal-Time Macro Information and Bond Return Predictability: A Weighted Group Deep Learning Approach
This paper proposes a weighted group neural network model and reexamines whether treasury bond returns are predictable when real-time, instead of fully-revised, macro information is used. Real-time macro vintage data and news-based topic attention are taken into account.
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White papersThree Ways to Manage Liquidity Risk in Bond Markets
Liquidity risk has grabbed headlines recently after several high-profile funds imploded. The hunt is on to find ways to manage liquidity risk and protect portfolios against further setbacks—but not all investors will be up to the task.
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White papersAdopting An LDI Approach Throughout The Investment Value Chain
The insurance business model is fundamentally based on underwriting and managing risks: insurance companies are contractually bound to meet specific obligations and as such structurally driven by liabilities.
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White papersBrexit And UK Defined Benefit Funding
Immediately following the EU referendum, financial markets downgraded medium-term growth expectations for the UK. Sterling weakened, long-dated government bond yields fell, and UK equity assets fell relative to international equities. Two-and-a- half years on we can see that this weakness has not unwound.
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White papersPortfolio strategies to cope with trade tensions
Escalating global trade tensions can affect regions and asset classes differently.
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White papers2018 Midyear Outlook: (Still) Risk On
Investors are facing some pretty big questions: How long will the economy continue to expand? How will rising interest rates affect my portfolio? Will volatility continue to climb? Do geopolitics (or even just political posturing) really matter?
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White papersEconomic Insights: June 2018
Stock market outlook: It may be a long, hot summer. Defensive stocks outperformed in June; investors may be starting to worry. We believe the robust U.S. and world economy should bring higher stock prices later this year.
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White papersAsset Allocation Update: Strong earnings prompt US equities upgrade
Amid background noise such as ongoing trade skirmishes involving the US, the evolving Chinese economy and geo-political tensions, we have spent time analysing recent market movements and the implications for risk assets.
