All Multi-Asset articles – Page 3
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White papersHow emotional bias could drive exploitable market inefficiencies
The propensity for emotion and bias to influence decision making is a common individual experience. But do behavioural traits really drive markets too? Here, we analyse recent real world examples that suggests emotional responses are likely to be a factor behind market ‘episodes’.
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White papersThe Fed pivot arrives
“Inflation moving towards the Fed’s target is allowing the central bank to shift its focus to economic growth. This underscores the importance of bonds as a diversifier* in an overall agile stance.”
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White papersGold continues to shine
“Despite its historically high price, we believe that gold remains a safe haven and a good diversification tool at a time of high geopolitical tensions and excessive government debt.”
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White papersGenerating returns in uncertain regimes
As the last few years have aptly demonstrated, pandemics, wars and wildly fluctuating economic variables such as surging inflation and sweeping interest rate hikes have all contributed to heightened periods of uncertainty and volatility in financial markets, often at the expense of patient and unassuming long-term investors. Stuart Canning, Fund Manager in M&G’s Multi Asset Team, assesses the value of Dynamic Multi-Asset allocation in a world of shifting expectations.
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White papersDiversify with real and alternative assets
Hedge funds (HF) to benefit from abundant alpha opportunities
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White papersQ3 2024 Outlooks: Opportunities and Risks with the World at a Crossroad
The global economy has continued its momentum, retaining a level of resilience that has withstood a flurry of challenges ranging from tighter monetary policy and borrowing conditions to a rise in geopolitical tensions. The US has powered global growth amid divergent results around the world, and with inflation cooling, central banks have either cut interest rates or signaled their intention to loosen policy.
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White papersEquities at all-time highs
”We expect equity markets to take a breather after the recent all time highs. We look for opportunities beyond the mega caps and in emerging markets.”
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PodcastA Layer Cake: The Right Mix for a Multi-Asset Recipe
Is the 60/40 portfolio still relevant? Karen is joined by Defne Ozaltun, Portfolio Manager for AB’s Multi-Asset Solutions team, who says portfolio managers must find a precise mix of ingredients for multi-asset portfolios in evolving markets. Understanding how different income and return sources work together, she explains, is key to building a portfolio that’s more than just the sum of its parts.
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White papersFrench markets amid snap elections
“Political uncertainty can amplify short term market movements. However, markets tend to recover once the political situation clarifies and the focus comes back to corporate earnings.”
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White papersPrompting AI: Can Better Conversations Drive Better Investment Research?
A richer dialogue between human experts and large language models may improve outcomes.
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White papersInvestment Perspectives Mid-Year 2024 Outlook: Descent from the peak
Where could investors discover opportunities as we approach the descent from peak interest rates? At the mid-way point of 2024, our CIOs and investment teams across Equities and Multi-Asset, Fixed Income and Private Markets bring you their views on the current investment landscape, look beyond the ‘noise’ and map the potential routes for success amid heightened volatility.
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White papersBack to basics: why the time is right for a return to multi-asset
The key characteristic that draws investors to a multi-asset portfolio is diversification. Diversification – sometimes referred to as the only free lunch in finance – embeds the idea that if a portfolio holds various asset classes, each with their own return drivers, the outcome is a smoother return profile. In other words, protection on the downside while still participating in the upside market moves.
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PodcastWhat Clients Want, What They Really Really Want: Secrets of Successful Client Relationships
In our inaugural episode, Karen is joined by AB’s Honor Solomon, CEO EMEA & Head of EMEA Retail Sales, who discusses her multifaceted role, emphasizing the importance of chemistry, contacts, and culture in building effective sales teams and client relationships.
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White papersAbsolute Return Overlays: The Power of Diversification on Returns
Expected returns on multi-asset portfolios may be improved materially with the implementation of a portable alpha overlay. Unlike other alternative allocations, portable alpha overlays can be implemented without changing underlying portfolio allocations and/or existing active managers.
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White papersFrom stability to agility: nine implications for a new investment landscape
In the post-great moderation world, institutional investors are facing a radically new environment. The underlying assumptions that have driven many investment strategies over the last 40 years must be reexamined. This paper explores nine implications that can help empower investors with the agility needed to navigate the uncertainties of the new economic environment.
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White papersIncome…with a Side of Growth Potential
We think today’s market landscape calls for a different mix in multi-asset income strategies.
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PodcastOuterblue Convictions – Global Investment Views – Data driving diverging paths
Three factors are driving today’s global markets; economic growth, inflation and the outlook for monetary policy. Central banks are increasingly dependent on data and inflation remains their chief cause of concern. It is becoming clear that divergences are opening up in policy and outlook in the US and in Europe. On one side a clear path has appeared, where on the other, this path is still surrounded by uncertainty.
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White papersQuality and Growth: Striking a Balance
The world’s central banks have made great strides in tamping down inflation over the past year. But as investors are discovering, fighting inflation is a long game. US economic growth slowed to an annualized 1.6% in the first quarter—even as core inflation ticked up close to 4%. Near-term activity indicators are showing some evidence of recovery, but we expect overall economic growth to trend lower.
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White papersDiversified approach in focus
“Multi-asset investing may help access attractive bond yields while also exploring opportunities from a resilient economic outlook, in particular in European equities.”
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White papersCorrelation breakdown? Let’s listen to the data
At certain junctures in each investment cycle, market observers like us note phrases such as “correlations are breaking down”. Such an event is crucial, as the structure of our multi-asset portfolios hinges on the intricate concept of diversification. Ideally, correlations should be concentrated enough to avoid being muddled by investment noise, yet not so concentrated as to forfeit the benefits of cross-asset and intra-asset class diversification.
