Harnessing deep and differentiated asset allocation research, our iStrat Multi-Asset Team builds and manages investment solutions that reflect how individual clients define success.
Multi-asset investing that starts and ends with each client’s objectives
Solution scope and design
Our team works with clients to define their risk and return goals and to incorporate specific constraints like volatility, liquidity, and downside sensitivity.
Strategic asset allocation
We use a risk-focused asset allocation approach that incorporates a longer time horizon and integrates active allocation and risk-hedging strategies.
Manager research and security selection
We select underlying managers and exposures in pursuit of security-selection alpha within the asset class allocations, leveraging insights from our Fundamental Factor Team.
Active allocation
We incorporate discrete processes that seek to enhance returns and mitigate risk via allocation tilts that draw on our multi-asset research and broad Wellington insights.
Oversight and evolution
Over time, the team validates, challenges, and evolves investment solutions in line with the client’s objectives, market conditions, and the opportunity set.
The structural research that supports our investment solutions
Our long-term research agenda is informed by our experience managing portfolios and questions that arise from client engagement, and focuses on specific challenges around the construction, management, and governance of multi-asset portfolios. Here, we highlight several key areas of research.
Investment objectives
Insights on the benefits and trade-offs of different allocation decisions when pursuing objectives such as income and decumulation.
Resilience testing
Understanding how different asset classes may respond to changes in the economic cycle or the market regime.
Implementation
Practical guidance on mitigating the impact of inflation, hedging currency risk, and other portfolio objectives.
MEET SOME OF OUR MULTI-ASSET EXPERTS
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Featured research
Time for a closer look at income’s role
Many investors underestimate the impact income has on a multi-asset portfolio over time. Today’s shifting interest rate environment only adds to the need for a fresh look at different income allocations and their potential risks and rewards.
A climate-change framework for multi-asset portfolios
Whether investors are interested in holistically incorporating climate objectives into their portfolios or simply want to better understand different climate-aware investment options and their potential trade-offs, our three-pillar framework can help.
Insights
Risky business: Is now the time for surplus action?
Tim Antonelli, Head of Multi-Asset Strategy – Insurance and Portfolio Manager, considers insurers' renewed interest in risk assets and offers his views on areas that may be worth a closer look.
Do fundamentals support a risk-on tilt?
Surprisingly strong economic growth, declining inflation, easy financial conditions — can it get any better for markets? Members of our Investment Strategy & Solutions Group offer their outlook, including their latest views on equities, bonds, and commodities.
A blueprint for building climate-aware multi-asset portfolios
Members of our Investment Strategy & Solutions Group take a deep dive on the issues asset owners should consider when choosing climate-aware portfolio building blocks, from the evolving opportunity set to the active/passive decision.
Using defensive equities in a return-seeking portfolio: A factor framework for corporate plans
Members of our LDI and Fundamental Factor teams share their views on defensive equity investments, including their role in a plan's portfolio and the current environment for defensive factors.
No bulls in the China shop?
John Mullins, Irmak Surenkok and Steven Ye assess the investment debate surrounding China's prolonged underperformance and outline three investment ideas for active investors to consider.
Can hedge funds play the role?
How should investors select the most suitable types of hedge funds for specific roles? Members of our Investment Strategy & Solutions Group offer a simple and intuitive framework that can help.
Facing the inflation dilemma head on
Inflation has already fallen much quicker than most expected. However, there are convincing reasons why inflation might be higher and more volatile going forward. What are the implications for asset allocation?
Thematic investing focus: security in a world of great-power competition
In an environment of accelerating great-power competition and geopolitical instability, policymakers may place a higher emphasis on security – even at the expense of economic efficiency. What could this mean for thematic investors?
Top of Mind: The allocator’s checklist for 2024 and beyond
Head of Multi-Asset Strategy Adam Berger offers near- and longer-term ideas for allocators, including thoughts on areas where capital is scarce, alternatives may be attractive, and risks may bear watching.
Navigating a volatile reality: three ideas for 2024 and beyond
2023 saw investors grapple with a new, more volatile reality. How should portfolios be positioned for opportunities and challenges in 2024?
Multi-Asset Market Outlook
To help think through the asset allocation outlook and implications for 2023, we offer views from iStrat, our investment strategy and solutions group
URL References
Related Insights
FAQs: Multi-asset investing
Multi-asset solutions can be designed to pursue a wide range of investment outcomes, from generating growth and outperforming a benchmark to beating inflation and earning income. They can also be built to reflect client-specific preferences and constraints, including those related to volatility, liquidity, tax liabilities, cost, and regulation, among others.
The Multi-Asset Team partners with clients to understand their objectives and constraints. The team conducts proprietary, actionable research undertaken with a practitioner’s mindset. They offer a range of multi-asset investment solutions managed by a dedicated team. Their active asset allocation process incorporates fundamental and quantitative inputs across multiple time horizons.
The Multi-Asset Team collaborates with investment specialists across the firm to address specific client objectives, including those related to ESG and sustainability. For example, the team can tap into the expertise of our ESG Research Team and our Climate Research Team, as well as Wellington’s partnership with the Woodwell Climate Research Center.
Wellington has extensive experience in multi-asset investing. We began blending asset classes in pursuit of specific objectives more than 90 years ago. Today, we manage multi-asset strategies for asset owners around the world, including public and private pensions, endowments, foundations, sovereign institutions, insurance companies, family offices, and intermediaries. We believe the Multi-Asset Team is distinguished by the strength of its client partnerships; its multidisciplinary research and commitment to continuous improvements in investment processes and decisions; the breadth of its investment platform; and its ability to leverage the full resources of the firm to tailor portfolio solutions to clients’ needs and constraints.
Members of our Multi-Asset Team partner with fixed income, equity, and other experts across our investment platform to provide a full range of LDI capabilities. Learn more about our LDI solutions, team, and research.
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