Analytics In-depthLatest
Revisiting the sum-of-parts approach to Capital Market Assumptions
We revisit the widely used sum-of-parts model for expected equity returns using discounted cash flow logic
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Insights
Stay up-to-date on our latest research and views on asset allocation topics:
Analytics In-depth
How changing regimes and asset allocation approaches demand better CMAs
We discuss how the new market regimes and industry trends require increased granularity and scenario capabilities for Capital Market Assumptions
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Analytics In-depth
Do widely-used CMAs predict future performance?
We evaluate the track record of freely available CMAs against subsequently realised returns
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Market Insights
Evaluating our short-horizon expected equity return estimates
We check in on our expected return estimates from last year and how they compare to realised outcomes.
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Perspectives
Asset allocation for sovereign funds: why the macro context matters
Why sovereign fund allocation decisions need to account for macro dynamics — not just portfolio returns.
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Perspectives
How can we connect geopolitical scenarios to asset allocation?
How can institutional investors integrate geopolitical scenario analysis into their asset allocation processes?
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Market Insights
Interpreting the recent rise in JGB yields
We break down the drivers of rising Japanese government bond yields.
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Market Insights
What does the 100-year Austrian bond tell us about other asset classes?
Why equity performance didn't match the re-pricing of century bonds.
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Analytics In-depth
Are equities and bonds positively correlated in the long term?
We discuss how correlations change over different investment horizons.
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Perspectives
Are your Capital Market Assumptions fit for purpose?
We outline some checks for allocators to apply to their Capital Market Assumptions.
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