Multi Asset

2023 Global Economic Outlook

Our experts share their global economic outlook on the developments that they think will transform the macroeconomic and geopolitical landscape in 2023 and beyond.

Multiple authors

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Collection

2023-12-31

Active management Portfolio strategy Asset allocation iStrat Top of Mind Inflation Value vs growth Volatility Innovation Interest rates Multi-asset Article

Pivot points: Five portfolio positioning ideas for the new market regime

Multi-Asset Strategist Adam Berger looks at five ways in which the world may be very different in the coming decade and how they could influence the next wave of investment winners.

By

Adam Berger, CFA

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Article

2023-12-31

Portfolio strategy Outlook Asset allocation No Optimizely Macro and market Multi-asset Collection

2023 Investment Strategy Outlook

To help think through the asset allocation outlook and implications for 2023, we offer views from iStrat, our investment strategy and solutions group.

Multiple authors

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Collection

2023-12-31

Outlook Macro and market Volatility No Optimizely Multi-asset Collection

2023 Investment Outlook

As you consider your investment strategy for 2023, our Outlook collection provides you with unique perspectives across the macro environment and all major capital markets, drawing on our global marketplace of ideas more than 800 investors strong.

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Collection

2022-12-31

Asset allocation Portfolio strategy Macro and market Outlook No Optimizely Active management Factors Innovation Volatility Equity Fixed income Multi-asset iStrat Article

The allocator’s landscape: Three areas of attention for 2023

Natasha Brook-Walters, Co-Head of Investment Strategy, discusses downside mitigation given the shifting equity/bond correlation, the impact of cyclical and macro volatility, and opportunities to position for long-term change.

By

Natasha Brook-Walters

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Article

2023-12-31

Insurance Multi-Asset Outlook Multi-asset Macro and market Inflation Volatility Interest rates Monetary policy Asset allocation Equity Fixed income Commodities Balance sheet Whitepaper

Inflation, rates, and volatility: The best defense is a good offense

Insurance Strategist Tim Antonelli shares his latest multi-asset views for insurers, including the need to balance defensive portfolio strategies with continued income and return generation.

By

Tim Antonelli, CFA, FRM, SCR

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Whitepaper

2023-04-15

Inflation Volatility Economic cycle Outlook No Optimizely Multi-asset Fixed income Equity Alternatives Video

A new economic era: Why inflation, volatility, and cycles are back

Macro Strategist John Butler argues that a seismic global shift is underway that will disrupt the macro dynamics of the past two decades, challenging long-held investment assumptions.

By

John Butler

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Video

2023-12-31

Asset allocation Inflation Monetary policy Outlook Multi-Asset Outlook Volatility Multi-asset Article No Optimizely

Multi-Asset Outlook — Higher rates for longer: What does it mean for markets?

For central banks, the inflation fight is on, but the policy and market responses will vary in the coming months. Nanette Abuhoff Jacobson and Supriya Menon discuss the implications for equities, bonds, and commodities.

By

Nanette Abuhoff Jacobson

Supriya Menon

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Article

2023-11-30

Monetary policy Interest rates Inflation Economic cycle Portfolio strategy Equity Fixed income Multi-asset USA Quick Take

The Fed wants to crush inflation, but at what cost?

Following a higher-than-expected inflation print and the Fed's latest rate hike, Global Investment Strategist Nanette Abuhoff Jacobson considers potential implications for fixed income and equities.

By

Nanette Abuhoff Jacobson

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Quick Take

2022-12-31

Monetary policy Interest rates Inflation Economic cycle USA Multi-asset Quick Take

The Fed’s “lean, leave, then clean” strategy

US inflation could prove "stickier" than many observers think. How might that influence Fed policy into 2023? Fixed Income Portfolio Manager Jeremy Forster opines.

By

Jeremy Forster

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Quick Take

2022-12-31

Monetary policy Inflation Risk management Macro and market Equity Fixed income Multi-asset Quick Take

The shifting equity/bond correlation: Implications for portfolio construction

Multi-Asset Strategist Nick Samouilhan looks at what's driving the change in the all-important equity/bond relationship and what can be done about it.

By

Nick Samouilhan, PhD, CFA, FRM

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Quick Take

2022-12-31

Macro and market Economic cycle Inflation Multi-asset Quick Take

Wellington investor survey: Global recession tops investors’ concerns

The latest Wellington investor survey shows that our investment teams are increasingly concerned about the economic cycle, with 45% seeing a global recession over the next 12 months as the most likely outcome.

By

Ben Cooper, CFA

Juhi Dhawan, PhD

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Quick Take

2022-11-30

Inflation Monetary policy Commodities Asset allocation Multi-asset USA Quick Take

Investment takeaways from the latest inflation data

With 2022's structural inflation story still very much intact, now may be a particularly opportune time for investors to add real-asset and inflation-sensitive exposures to their portfolios.

By

Jake Coyne, CFA, CAIA

Willa Sun

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Quick Take

2022-11-30

Macro and market China Geopolitical Top of Mind COVID Portfolio strategy Multi-asset Equity Article

Has China’s investment landscape permanently shifted?

Multi-Asset Strategist Adam Berger and Macro Strategist Santiago Millán consider key policy-related questions hanging over the Chinese market and share some near- and long-term investment views.

By

Adam Berger, CFA

Santiago Millán, CFA

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Article

2023-08-31

Economic cycle Inflation Portfolio strategy Interest rates Monetary policy Multi-asset Quick Take

Positioning for a “pricey” recession scenario

Client Portfolio Manager Jitu Naidu and Fixed Income Strategist Amar Reganti offer portfolio positioning ideas for the potential recession scenario that may lie ahead.

By

Jitu Naidu

Amar Reganti

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Quick Take

2022-11-30

Inflation Asset allocation Europe Volatility Monetary policy Equity Multi-asset Alternatives Article

High inflation and slow growth in Europe: How should investors respond?

Multi-Asset Strategist Supriya Menon explores the asset allocation implications of high inflation and slow growth in Europe.

By

Supriya Menon

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Article

2023-08-31

Private pension (DB) Liability-driven investing Multi-asset Asset allocation Article USA

Cash-balance liabilities: A new investment framework

A cash-balance plan is very different from a traditional pension, and the differences can have a major impact on interest-rate sensitivity. With this in mind, we propose a focus on capital preservation, consistent income, and liquidity.

By

Amy Trainor, FSA

Louis Liu, CFA, ASA, MAAA

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Article

2023-08-31

Monetary policy Interest rates Volatility Portfolio strategy Multi-asset Quick Take

What can history teach us about today's markets? A framework for drawing comparisons

Members of our Investment Strategy Group explain how they identify similarities to past market environments and what their approach is signaling about today's conditions.

By

Alex King, CFA

Nick Samouilhan, PhD, CFA, FRM

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Quick Take

2022-11-30

Top of Mind Inflation Asset allocation Monetary policy Multi-asset USA Article

Will the Fed send the US economy into a recession?

Multi-Asset Strategist Adam Berger and US Macro Strategist Juhi Dhawan consider the broad impact of Fed rate hikes and how asset allocators should respond.

By

Adam Berger, CFA

Juhi Dhawan, PhD

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Article

2023-07-31

Asset allocation Yield Multi-asset Inflation Volatility Article

Insurers: Strengthen your core in the second half

Insurance Multi-Asset Strategist Tim Antonelli shares his latest multi-asset insights for global insurers, including his view that core fixed income holdings — US interest rates and investment-grade corporate bonds — should stack up well against most risk assets in the second half of 2022.

By

Tim Antonelli, CFA, FRM, SCR

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Article

2022-12-31

Outlook Asset allocation Multi-asset Equity Fixed income Commodities Thematic exposure Inflation Article

Mid-2022 Asset Allocation & Investment Strategy Outlook

We explore the market implications of central bank policies, rising prices, and slowing growth and offer incremental steps to improving a portfolio’s return potential.

Multiple authors

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Article

2023-07-31

Outlook Inflation Volatility Economic cycle Alternatives Equity Multi-asset Article

Mid-2022 Global Economic Outlook

We believe heightened geopolitical uncertainty, and the new macro environment of deglobalization, higher inflation, greater global cyclicality and volatility will disrupt and drive markets.

Multiple authors

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Article

2023-07-31

Multi-asset Macro and market Article

Monthly Market Snapshot: May 2022

A monthly update on equity, fixed income, currency, and commodity markets.

By

Brett Hinds

Ryan Greenleaf, CFA

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Article

2022-08-15

Portfolio strategy Multi-asset Asset allocation Alternatives Equity Fixed income Private equity Public pension (DB) Whitepaper

Closing the return gap: A new set of “stepping stone” ideas

Multi-Asset Strategist Adam Berger offers incremental, flexible investment ideas that can be combined to help asset owners pursue their goals amid declining capital market return expectations.

By

Adam Berger, CFA

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Whitepaper

2023-06-30

Inflation Portfolio strategy Multi-asset Macro and market Commodities Equity Fixed income Article

Sticky inflation, weaker growth: A volatile mix

As central bank policy, rising prices, and slowing growth roil the markets, Nanette Abuhoff Jacobson and Supriya Menon explore the implications for equities, bonds, and commodities.

By

Nanette Abuhoff Jacobson

Supriya Menon

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Article

2022-10-31

Climate Asset allocation EMEA Multi-asset Event replay

Climate from the allocator's perspective

How do different asset allocators within Wellington incorporate climate change into their investment process as markets, data and regulation continue to evolve?

Multiple authors

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Event replay

2023-05-31

Asset allocation Multi-asset Defined contribution (DC) Quick Take

Making the money last: Research insights on the decumulation challenge

Our Investment Strategy team considers the unique challenges of decumulation strategies, including sequencing and longevity risk, and offers thoughts on best practices in portfolio construction, process design, and implementation.

Multiple authors

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Quick Take

2023-04-30

Defined contribution (DC) Multi-asset Asset allocation Retirement Income Article

Demystifying decumulation: A practical guide

Investors seeking a sound decumulation strategy must consider a host of variables, including risks that weren’t on the radar when they were accumulating assets. Members of our Investment Strategy team consider the interaction between portfolio withdrawals and specific characteristics of the portfolio’s realized return. They also offer thoughts on successful decumulation strategies, focusing on portfolio construction, process design, and implementation.

Multiple authors

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Article

2023-04-30

Insurance Inflation Multi-asset Interest rates Insurance Multi-Asset Outlook Whitepaper

Higher inflation, rising rates: Front and center for insurers

With macro and market complications piling up through the first few months of 2022, Insurance Multi-Asset Strategist Tim Antonelli provides his investment implications for global insurers.

By

Tim Antonelli, CFA, FRM, SCR

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Whitepaper

2022-10-15

Liability-driven investing Multi-asset USA Asset allocation Private pension (DB) Article

Nearing the finish line: Ideas on end-state investing for corporate DB plans

As corporate plans approach their fully funded “end state,” new goals will need to be set. Members of our LDI team share their research on this transition and the required realignment of asset allocation strategies, including changes in return-seeking and liability-hedging portfolios and key liquidity considerations.

By

Amy Trainor, FSA

Jacqueline Yang, CFA

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Article

2023-04-30

Geopolitical Russia Inflation Volatility Europe China Commodities Multi-asset Article

Russia/Ukraine: Transformational, not transitory

Four Wellington thought leaders share their distinct individual perspectives on the short- and longer-term implications of the tragic watershed conflict between Russia and Ukraine: Geopolitical Strategist Thomas Mucha on the geopolitical backdrop; Macro Strategist John Butler on what it means for Europe; Macro Strategist Santiago Millán on the role of China; and Portfolio Manager David Chang on the commodities markets.

Multiple authors

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Article

2022-11-30

China Russia Geopolitical Volatility Multi-asset Article

What does the Ukraine invasion mean for China?

Macro Strategist Santiago Millán argues that the scale and breadth of the sanctions on Russia have increased the uncertainty of investing in China across multiple dimensions. He explores the continued decoupling of China and the West.

By

Santiago Millán, CFA

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Article

2022-06-30

China Russia Inflation Volatility Geopolitical Multi-asset Article

China is not Russia: Reasons to stay invested

Equity Portfolio Manager Greg Mattiko challenges investors to look at actions rather than conjecture when considering reduced exposure to China.

By

Greg Mattiko, CFA

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Article

2023-03-31

Insurance USA Multi-asset Fixed income Whitepaper Portfolio strategy Regulatory

A US insurer’s roadmap for navigating the new RBC regs

With the NAIC’s latest revisions to risk-based capital (RBC) charges now on the books, what should US insurers be focused on moving forward? And how have the relative value propositions across fixed income assets and other investments changed as a result? Multi-Asset Insurance Strategist Tim Antonelli and Investment Specialist Geoff Austein-Miller share their views and insights.

By

Tim Antonelli, CFA, FRM, SCR

Geoff Austein-Miller

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Whitepaper

2023-03-31

Russia Geopolitical Multi-asset Inflation Volatility Article

War in Ukraine: Five observations on recent developments

Macro Strategist Gillian Edgeworth assesses recent developments in the escalating Russia/Ukraine conflict and highlights five key implications.

By

Gillian Edgeworth

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Article

2023-03-31

Macro and market Multi-asset Equity Europe Article

War and markets: What's the connection?

Amid the geopolitical turmoil and tragic humanitarian fallout of the Russia/Ukraine crisis, many investors are naturally also concerned about the negative effects the escalating conflict could have on their portfolios. With that in mind, I thought I’d provide a quick snapshot of the impacts that past wars have tended to have on asset prices.

By

Owen Lamont, PhD

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Article

2023-03-31

Multi-asset Inflation Geopolitical Volatility Event replay

2022 Asia Investment Forum: Investment strategy in a shifting world

Three megatrends will transform Asia’s investment landscape over the coming year, concur Wellington’s strategist panel.

Multiple authors

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Event replay

2023-03-31

Russia Geopolitical Multi-asset Inflation Value vs growth Volatility Article

Russia/Ukraine conflict: Five things to watch closely

Amid the ongoing turmoil of the Russia/Ukraine crisis, Global Investment Strategist Nanette Abuhoff Jacobson highlights five key areas she thinks investors should keep a watchful eye on in the weeks ahead.

By

Nanette Abuhoff Jacobson

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Article

2023-03-31

Russia Geopolitical Multi-asset

Russia/Ukraine conflict: What investors need to know

Russia’s invasion of Ukraine sent shockwaves around the world and has triggered sweeping punitive political and economic policy responses from the US and Europe, with the potential to usher in another cold war era in Russia’s relations with the West. Beyond the tragic humanitarian toll, this watershed event is likely to have profound geopolitical, economic and asset allocation implications. We’ve assembled this collection of timely insights, which we’ll update frequently given the fluidity of the situation, to help investors navigate these unprecedented times.

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2023-02-03

Geopolitical Russia Multi-asset Article

Geopolitical observations on Ukraine

Geopolitical Strategist Thomas Mucha integrates his observations with those of his senior-level military, intelligence and diplomatic contacts to offer insights on the potential consequences of Russia’s invasion of Ukraine.

By

Thomas Mucha

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Article

2023-03-31

Macro and market Asset allocation Multi-Asset Outlook Inflation Interest rates Monetary policy USA Russia Japan Equity Fixed income Multi-asset Commodities Article

For markets, it’s complicated

As markets grapple with the war in Ukraine, inflation worries, and a host of other issues, Nanette Abuhoff Jacobson and Daniel Cook offer their thoughts on the investment implications for equities, commodities, and fixed income.

By

Nanette Abuhoff Jacobson

Daniel Cook, CFA

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Article

2022-10-31

Multi-asset Russia Geopolitical Article

Russian invasion of Ukraine: Looking through the newsflow

Looking beyond the upsetting newsflow, what does the unfolding Ukrainian tragedy mean for investors? Director of Investment Strategy Natasha Brook-Walters shares three different Wellington perspectives.

Multiple authors

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Article

2023-02-28

Multi-asset Quick Take Russia Geopolitical

Can Ukraine’s economy withstand another conflict with Russia?

Macro Strategist Gillian Edgeworth assesses Ukraine’s outlook in the face of renewed conflict with Russia and finds that under most scenarios Ukraine's macro-economic prospects may be less negative than perhaps is assumed.

By

Gillian Edgeworth

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Quick Take

2023-02-28

Multi-asset Quick Take Russia Geopolitical

Ukraine crisis: Understanding the broader picture

I believe the current standoff between Russia and the West over Ukraine is part of a global geopolitical pattern of “great-power” competition. As I explore in my 2022 Outlook, the geopolitical backdrop is becoming increasingly unpredictable and dangerous. This shift is driven primarily by US-China rivalry but also other structural factors such as domestic political polarization, and longer term, the growing impact of climate change on national security. In this new geopolitical reality, I think great powers will be more likely to act out of regional and global self-interest, especially in relation to geostrategic issues they consider core to national security. For Russia, Ukraine is such a critical security consideration and part of its wider strong geostrategic desire for cultivating “buffer states.” Accordingly, the Russian invasion threat to Ukraine is real, structural, and rooted in this emerging world order.

By

Thomas Mucha

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Quick Take

2022-04-30

Volatility Macro and market Public pension (DB) Endowments & foundations Family office Insurance Private pension (DB) Union (Taft Hartley) USA China Multi-asset Emerging markets Inflation Portfolio construction Article

What if…? Contemplating five big questions for 2022

Could there be policy, inflation, or market surprises in 2022? Multi-Asset Strategist Adam Berger weighs the possibilities and the portfolio implications.

By

Adam Berger, CFA

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Article

2023-02-28

Climate Risk management Sustainability Multi-asset Sustainable investing Article

Hedging climate risk: The best defense is a good offense

Climate risks have the potential to create a long-term return drag on investment portfolios. We suggest a straightforward approach to hedging the deleterious effects of climate change.

By

Erika Murphy, CFA, CAIA

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Article

2023-02-28

Multi-asset Geopolitical Article

Monthly Market Snapshot: January 2022

A monthly update on equity, fixed income, currency, and commodity markets.

By

Brett Hinds

Greg Galajda

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Article

2022-07-15

Multi-asset Macro and market Article

Monthly Market Snapshot: December 2021

A monthly update on equity, fixed income, currency, and commodity markets.

By

Brett Hinds

Greg Galajda

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Article

2022-07-15

Macro and market Multi-asset Article

Financial Market Review: Fourth quarter 2021

A quarterly review of results in the global equity, fixed income, currency, and commodity markets.

By

Brett Hinds

Greg Galajda

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Article

2022-07-15

Climate Multi-asset Portfolio strategy Inflation

Integrating climate change into capital market assumptions: our approach and findings

"Members of our Investment Strategy team explain how they are incorporating climate-related inputs, including physical and transition risks, into their capital market assumptions and outline the impact of these changes at the asset-class level."

Multiple authors

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2023-01-31

Insurance Multi-asset Inflation COVID Whitepaper Credit ESG

Three transition year themes — inflation, capital, ESG

Insurance Multi-Asset Strategist Tim Antonelli believes 2022 could be a year of transition for the global insurance industry, with the three big themes of inflation, capital, and ESG likely to play prominent roles in many insurers’ strategic planning and decisions.

By

Tim Antonelli, CFA, FRM, SCR

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Whitepaper

2022-12-01

Multi-asset Inflation Article

Blast from the past: Are we watching the return of 1970s-style stagflation?

How worried should investors be about the risk of stagflation? Portfolio Manager Nick Petrucelli offers his take, digging into previous occurrences for clues about the causes that may be most relevant today and outlining the potential outcomes and capital market implications.

By

Nick Petrucelli

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Article

2022-12-31

Multi-asset Liability-driven investing Portfolio strategy Private pension (DB)

LDI in 2022: Nine questions corporate plan sponsors are asking

Our LDI Team offers insights for the coming year, addressing some of the most commonly asked questions on funded ratios, securitized assets, intermediate credit, alternatives, and other return-seeking and liability-hedging topics.

Multiple authors

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2022-12-31

Multi-asset Portfolio strategy Liability-driven investing Portfolio construction Asset allocation Retirement USA Article

Setting ROAs for 2022: A guide for US corporate and public plans

How are pension plans adjusting their ROA assumptions? How do those assumptions line up with our long-term capital market assumptions? Find out in this annual update.

Multiple authors

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Article

2022-10-31

Inflation Equity Fixed income Multi-asset Article China Opportunities and risks

Five investment essentials for a post-pandemic world

As the world “gets back to business” in 2022, a cautiously optimistic outlook seems warranted. For investors, it may be a year to think thematically.

By

Nick Samouilhan, PhD, CFA, FRM

Andrew Sharp-Paul

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Article

2022-11-30

Multi-asset Macro and market Public pension (DB) Subadvisory Union (Taft Hartley) Endowments & foundations Single Balance sheet Alternatives Equity Fixed income Portfolio policy Opportunities and risks Climate Article

Changing “weather” patterns in alternatives and climate

Multi-Asset Strategist Adam Berger offers a forecast on the future of alternative and climate-related investing, with insights on manager selection, public/private allocations, climate-aware capital market assumptions, and a range of other topics.

By

Adam Berger, CFA

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Article

2022-11-30

Outlook Equity Fixed income Commodities Inflation Volatility Asset allocation Risk management Net zero Multi-asset Article

2022 Multi-Asset Outlook

In our 2022 Asset Allocation Outlook, we expect markets to focus on central bank efforts to tame inflation look at 5 post-pandemic essentials for 2022.

Multiple authors

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Article

2022-12-31

Insurance Economic cycle Multi-asset Portfolio strategy Fixed income Whitepaper Insurance Multi-Asset Outlook

Strong but slowing growth: A tale of two narratives

Markets appear to be caught between two hard-to-reconcile narratives: The pace of economic growth looks poised to slow, but the level of growth is likely to stay relatively strong. Multi-Asset Insurance Strategist Tim Antonelli and Investment Strategy Analyst Daniel Cook offer insights for global insurers at this point in the cycle.

By

Tim Antonelli, CFA, FRM, SCR

Daniel Cook, CFA

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Whitepaper

2022-01-31

Multi-asset Equity Americas EMEA Macro and market Article

With growth and policy, which matters more: Level or change?

While macro risks may be elevated somewhat, Nanette Abuhoff Jacobson and Daniel Cook still see opportunities, including in European equities and commodities. They also argue for being selective in credit while maintaining fixed income for diversification.

By

Daniel Cook, CFA

Nanette Abuhoff Jacobson

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Article

2022-03-31

Multi-asset Opportunities and risks Portfolio policy Public pension (DB) Article

Investing for the long term (in a short-term world)

With short-term behavior evident across the financial landscape, Multi-Asset Strategist Adam Berger explores the intuitive and quantifiable advantages of being more long term, and he offers seven habits that can help asset owners cultivate a long-term mindset.

By

Adam Berger, CFA

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Article

2022-09-30

Innovation Retirement Future Themes Macro and market Artificial intelligence (AI) China Multi-asset Health care Article

The future of retirement: Aging in 2050

We explore the long-term investment trends associated with global aging through the story of Fang, a fictional Chinese retiree living in 2050.

By

Anita Killian, CFA

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Article

2022-09-30

Inflation Macro and market Multi-asset Equity Fixed income

Investing amid the great inflation debate

The global economy is recovering and supporting the performance of risk assets, but rising inflation is a bogeyman now. Global Investment Strategist Nanette Abuhoff Jacobson and Investment Strategy Analyst Daniel Cook offer thoughts on how investors might navigate this mixed picture.

By

Nanette Abuhoff Jacobson

Daniel Cook, CFA

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Insurance Inflation Multi-asset Video Interest rates Insurance Multi-Asset Outlook

Insurance Multi-Asset Outlook —The rising tide of inflation: Risks and opportunities for insurers

COVID vaccination progress and ample policy support may warrant a more pro-risk investment stance going forward, but persistent inflation concerns continue to loom. Multi-Asset Insurance Strategist Tim Antonelli and Investment Strategy Analyst Daniel Cook share insights to help insurers navigate these competing forces.

By

Tim Antonelli, CFA, FRM, SCR

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2022-07-01

Climate Asset allocation Multi-asset Sustainable investing Article

Building climate resilience with strategic asset allocation framework

Driving volatility and dispersion, climate change could have lasting effects on the risk and return profile of a strategic asset allocation plan. We suggest allocators factor climate change into their structural planning today, and we propose a climate-aware allocation framework to help them do so.

By

Erika Murphy, CFA, CAIA

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Article

2022-07-31

Climate Sustainability China Commodities Multi-asset ESG Sustainable investing Article

Using climate science to uncover investment opportunities

Investors are increasingly aware of the risks posed by climate change, but perhaps less so of the unexpected opportunities that climate science can help uncover.

By

Alan Hsu

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Article

2022-07-31

Sustainability Multi-asset Climate Opportunities and risks Portfolio strategy

Update on key sustainability initiatives

We highlight progress on key sustainability initiatives: interim targets for our net-zero commitment, inclusion of location data in climate disclosures, and expanding our compliance with SFDR.

By

Carolina San Martin, CFA

Andria Weil

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2021-12-31

Insurance ESG Climate Multi-asset Video Carbon emissions

ESG playbook for insurers: Tune out the noise

In this video interview, Insurance Multi-Asset Strategist Tim Antonelli provides a playbook for how insurers should approach ESG. Tim offers an actionable to-do list, addresses common misconceptions, and shares forward-thinking ideas to anticipate and manage risk. Tim is interviewed by Account Manager Sarah Marschok who offers color on the investment themes she is observing in the market.

By

Tim Antonelli, CFA, FRM, SCR

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Video

2022-06-01

Liability-driven investing Multi-asset Volatility Inflation Article Private pension (DB) USA

Inflation’s big comeback: Should corporate pensions care?

It’s been a long time since anyone worried about inflation getting off the ground. That seems to be changing, and for corporate plans, we think the risk is greater for return-seeking portfolios than liability-hedging portfolios. But we also believe that falling inflation is more worrisome than rising inflation. In this paper, we consider the implications and the potential role of different return-seeking allocations in preparing for various inflation outcomes.

By

Amy Trainor, FSA

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Article

2022-06-30

Multi-asset Inflation Portfolio strategy Opportunities and risks

A source-based approach to managing inflation risk

Multi-Asset Strategists Nick Samouilhan and Adam Berger present a source-based investment “playbook” that asset allocators can follow as they seek to neutralize the looming threat of higher inflation.

By

Nick Samouilhan, PhD, CFA, FRM

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2022-06-30

Tech & Innovation Future Themes Opportunities and risks Macro and market Global Industry Research Fundamental equity Multi-asset Fintech Article

Beyond bitcoin: Eight essential blockchain insights

We look beyond bitcoin to explore eight exciting impacts and opportunities from blockchain technology.

Multiple authors

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Article

2022-05-31

Emerging markets Future Themes Opportunities and risks Macro and market Geopolitical Multi-asset Article

The “EM-ification” of DMs

Global Investment Strategist Nanette Abuhoff Jacobson believes that many developed market countries are beginning to resemble their emerging market counterparts in certain ways. Here are some of her findings, along with possible paths forward and potential investment implications.

By

Nanette Abuhoff Jacobson

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Article

2022-06-30

Insurance Interest rates Multi-asset Inflation Fixed income Whitepaper Portfolio strategy Insurance Multi-Asset Outlook

Insurance Multi-Asset Outlook — Rising rates: Threat or opportunity?

Multi-Asset Insurance Strategist Tim Antonelli and Investment Strategy Analyst Daniel Cook argue that now may be an opportune time for insurers to adopt a more pro-risk stance, despite the potential headwind of rising rates.

By

Tim Antonelli, CFA, FRM, SCR

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Whitepaper

2022-03-31

ESG Health care Sustainability Equity Multi-asset Quick Take Sustainable investing

ESG research playbook: Health care

Wellington has established frameworks — what we call “research playbooks” — for evaluating companies within each sector based on key ESG criteria. ESG Analyst Lindsay Blitstein looks at the health care sector here.

By

Lindsay Blitstein, CFA

Carolina San Martin, CFA

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Quick Take

2022-04-30

Macro and market Portfolio policy Multi-asset

Never assume and other tips for 2021

Multi-Asset Strategist Adam Berger stress tests the consensus views on four key issues: rising interest rates, high equity valuations, US market leadership, and the impact of slower globalization on China’s growth.

By

Adam Berger, CFA

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2022-02-01

Multi-asset Macro and market USA LDI Alert

LDI Alert — Time to prepare for a “clear skies” environment?

Funded-ratio improvements and the associated derisking opportunity can be short-lived. LDI Team members Bill Cole and Connor Fitzgerald offer ideas to help plans ensure they’re ready.

By

Bill Cole, CFA, CAIA

Connor Fitzgerald, CFA

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2022-01-31

Multi-asset Opportunities and risks Portfolio policy EMEA Insurance Macro and market Video

Insurers: A potent plan of attack for 2021

In this video interview, Tim Antonelli offers key advice for insurers as they plan for 2021, including a robust to-do list. Tim’s role as a multi-asset insurance strategist uniquely qualifies him to offer outside-the-box ideas that can help insurers anticipate and manage risk. Tim is interviewed by Sarah Marshock, a leader on Wellington’s Financial Reserves Management Team, who offers color on the investment themes she is observing in the market.

By

Tim Antonelli, CFA, FRM, SCR

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Video

2022-01-31

Emerging markets Multi-asset Macro and market

Emerging markets: Navigating opportunities and risks in today’s crisis

We explore today’s key emerging markets themes including the impact of COVID-19, China’s evolving global relationships and an increased focus on sustainability.

By

Niraj Bhagwat

Dáire Dunne, CFA

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2021-08-31

Multi-asset Asset allocation Risk management Whitepaper

Fear of rebalancing? Put a disciplined policy in place

Many investors wrestle with portfolio-rebalancing decisions, particularly in extreme market environments. In this paper, members of our Investment Strategy Team argue for a well-structured rebalancing policy and share research on calendar-based and range-based strategies.

By

Jacqueline Yang, CFA

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Whitepaper

2022-05-31

Multi-asset Sustainable investing Opportunities and risks

Navigating sustainable investing: Guide for mission-based organizations

We believe sustainable investing approaches can increase donor appeal, enhance positive impact, and add return potential to an investment portfolio. Here, we share insights on the evolving sustainable investing landscape, introducing five key market inefficiencies and how to take advantage of them.

By

Wendy Cromwell, CFA

Cara Lafond, CFA

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2022-05-31

Wellington Alternative Investments

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