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Asset allocation and investing in a changing world
How can investors respond to macro uncertainty and changing regimes?
Allocation Strategy
Insights
Stay up-to-date on our latest research and views on asset allocation topics:
Latest
What is the expected return on Gold?
The macro drivers of Gold and its role in multi-asset portfolios.
Insights
Insights
Asset allocation and investing in a changing worldAsset allocation and investing in a changing world
How can investors respond to macro uncertainty and changing regimes?
Insights
What is the expected return on Gold?What is the expected return on Gold?
The macro drivers of Gold and its role in multi-asset portfolios.
Insights
Macro consensus and understanding market-implied macro pricingMacro consensus and understanding market-implied macro pricing
Applying DCF logic to extract market-implied expectations
Insights
Past performance is not indicative of future results: using ’forward-looking’ estimates of expected returnsPast performance is not indicative of future results: using ’forward-looking’ estimates of expected returns
What we mean by 'forward-looking' estimates and why they matter.
Insights
Estimating market-implied r-star in real timeEstimating market-implied r-star in real time
Extracting consensus on the equilibrium rate consistent with market pricing.
Insights
Using macro scenarios to understand portfolio risks and positioningUsing macro scenarios to understand portfolio risks and positioning
How we build macro scenarios and why they are useful.
Research Publications
Research Publications
Real Estate Exposures to Bond and Equity Return DriversReal Estate Exposures to Bond and Equity Return Drivers
Journal of Alternative Investments (2024)
Research Publications
Simulating Long-Horizon Returns on Government BondsSimulating Long-Horizon Returns on Government Bonds
Journal of Fixed Income (2024)
Research Publications
Understanding International Long-term Interest Rate ComovementUnderstanding International Long-term Interest Rate Comovement
Advances in Econometrics (2022)
Research Publications
Financial Market Volatility, Macroeconomic Fundamentals and Investor SentimentFinancial Market Volatility, Macroeconomic Fundamentals and Investor Sentiment
Journal of Banking and Finance (2018)
Research Publications
Information in the Term Structure of Yield Curve VolatilityInformation in the Term Structure of Yield Curve Volatility
Journal of Finance (2016)
Research Publications