All Multi-Asset articles
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White papers2026 Multi-Asset Outlook: Back to Micro
Many believe the economy will slow throughout 2026, with inflation remaining stuck near 3% and a deflating AI bubble keeping U.S. markets lagging others throughout 2026. A bit too much extrapolation, perhaps? We are optimistic that U.S. markets will likely resume their leadership positions in 2026, particularly as AI investment continues.
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White papersMarkets in 2026: Full Speed Ahead—With Eyes Wide Open
When everything seems to be going right, that is precisely when vigilance is needed.
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White papersMulti-Asset 2026 Outlook: Navigating Key Controversies
Active multi-asset strategies should embrace slower growth, monetary easing and a tech-led equity market.
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White papersEurozone Multi-Asset shines in 2025
A 50-50 Eurozone equity and fixed‑income index has delivered only two negative annual returns since 2015, showing how diversification across asset classes and a long-term investment horizon can help overcome volatility. The 2022 exception – when both equities and bonds delivered negative returns – was followed by three years of above-average returns.
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PodcastQuality is Queen: Why Investment Grade Bonds are Anything but Boring
Souheir Asba explains why investment grade credit remains a crucial source of stable income in a turbulent world
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White papersAI Capex: It’s Not All or Nothing
Recent AI-related volatility across risk markets mixes signal with noise. The more important task is to recognize that we are in a multiyear buildout and to invest with that sequencing in mind.
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White papersEmerging from Behind the Scenes: Finding Income Further Afield
Can investors tap the potential of developing world debt without taking too much risk? Liz Bakarich says yes.
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White papersThe Federated Hermes 2026 Outlook
For the Federated Hermes 2026 outlooks series, we brought in our three CIOs – in liquidity, fixed income and equities and our head of private markets – as well as key portfolio managers across the business for their sector-specific views.
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PodcastThe Hunt for Efficient Income: Navigating Safe Waters in Yield Investing
Welcome to AB’s Alpha Females, the Multi-Asset Investment Podcast from AllianceBernstein. I’m Karen Watkin and I’m a fund manager in the Multi Asset Solutions team here at AB. The Alpha females are those women who have developed unique areas of expertise and made their mark in the investment industry. For many clients, generating income from their investments is a priority. But market conditions are very different now from those that we’ve had over the past decade’s decade.
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White papersGlobal Investment Views - November 2025
Global equities reached all-time highs in October, led by strong momentum in the AI sector in the US, expectations of Fed easing, and positive sentiment around fiscal expansion in Germany. However, a resurgence of the US-China trade spat, concerns over some credit events in the US, and continuing US government shutdown created volatility in risk assets. While the US and China have extended their truce, we’d like to see how effectively this is sustained in the long term.
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PodcastLive Long and Prosper: How to Target a Happy Retirement
Saving for retirement poses increasing challenges in an ever-changing financial landscape. In this episode, Karen Watkin talks with Elena Wang, a Portfolio Manager at AllianceBernstein, who says investors need to adopt a flexible and diversified approach to retirement savings, considering both growth and risk management.
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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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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.
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White papersClass of ’25: 5 things I asked about you
Ever wondered what drives the people behind the portfolios? In this feature we pull back the professional curtain to reveal the personalities and philosophies of investors and leaders at M&G Investments. Pull up a chair and get some popcorn as we meet the minds behind the money!
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White papersQuarterly Equities and Multi Asset Outlook – Q4 2025
The recent flurry of AI deals, creating increasing interdependencies among some of the world’s largest AI players, is bringing back memories of the dot.com bubble. The key question in investors’ minds is whether we are now facing an AI bubble. The second derivative of the same question is whether we have reached a peak in equity markets overall, after a remarkable run. In our opinion, as is often the case, the answer’s not straightforward.
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PodcastPlaying the Long Game: A Tale of Time and Investment
Have you ever wondered how investment professionals navigate the complexities of forecasting asset returns and constructing robust portfolios in an uncertain world? In this insightful conversation, Alla Harmsworth from AllianceBernstein delves into the intricacies of long-term asset allocation, emphasizing the importance of humility in forecasting and the need for thoughtful portfolio construction.
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White papersRebalancing Risk, Repositioning for Opportunities
After a couple of remarkably resilient quarters for the global economy and markets, the Asset Allocation Committee (AAC) maintains confidence in its overall medium-term outlook for growth and risk assets in parallel with applying more targeted exposure across asset classes and regions.
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White papersCapturing the European Risk Premia Dislocation
When the facts change, we change our minds. The ‘liberation day’ sell-off increased the value proposition of non-U.S. markets, particularly in Europe and Asia. This is no longer the case.
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White papersGlobal Investment Views - October 2025
US bond yields have declined over the past couple of months, and gold has touched records levels. Global and US equities have also reached new highs on the back of expectations of continued economic strength in the US, the monetary easing cycle, earnings resilience, and AI-led momentum. We see an inherent contradiction here, but agree with the monetary easing aspect. The contradiction arises from the view that if the Fed implements rate cuts mainly to address a slowing economy, then the effects of a slowing economy should already be evident in weak labour markets, consumption, and eventually in corporate earnings.
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PodcastRate Expectations: Reading the Macro Tea Leaves and Why it’s Critical for Income Investors
How can investors navigate the complexities of today’s economic environment while maintaining a long-term perspective? Sandra Rhouma, AllianceBernstein’s European economist, emphasizes the importance of maintaining a calm and steady approach to economic forecasting that sifts through the noise and is focused on the global economy’s long-term trajectory.
