Top Papers March 2026

The Savvy Investor team presents the best-performing papers from March 2026 by number of downloads.

Chart Pack: Market Outlook and Capital Market Assumptions (PGIM)

Explore PGIM's 2026 Market Outlook and Capital Market Assumptions through charts that highlight the core forces shaping today's investment landscape.

Portfolio Design as Gesamtkunstwerk: The TPA (Alliance Bernstein)

Adoption of the Total Portfolio Approach (TPA) is set to grow. This growth is also for reasons exogenous to the wants of investors, resulting from a shift in the locus of capital raising, with a structurally greater role for private markets.

Understanding Portfolio Effects of U.S. Equity Market Concentration (D. E. Shaw)

The ten largest constituents of the S&P 500® account for more than 40% of the index’s weight. This article explores the impact of this concentration on benchmark-relative equity portfolios.

Macro Insights Q1 2026: Sentiment, Trade, and Global Outlook (Fisher Investments)

Fisher Investments believes the bull market should continue into its fourth year. Modest but steady economic growth, slowing inflation, and gridlock in the U.S. following Midterm elections should set the stage for the next leg of the bull market.

The Year Ahead: Convergence, Carry and Chance (PGIM)

The investment landscape is changing fast. Against this backdrop, PGIM experts explore some of the best places across markets and asset classes for seeking alpha and constructing more resilient portfolios.

Conflict in the Middle East: Implications for Markets and Macro (Allianz)

The U.S.-Israeli strikes on Iran will have implications for energy markets, shipping costs, inflation risks and financial conditions – but everything hinges on how long the conflict lasts.

Making Portfolio Optimization Understandable for Humans (BNP Paribas AM)

Outside of the small circle of quantitatively minded portfolio managers, portfolio optimization remains largely underused in practice because of one big obstacle: optimizers are still seen as black boxes.

Emerging Markets’ Strength Comes from Within (Robeco)

The architecture of the global economy is changing with emerging markets (EM) becoming central to global growth, innovation and wealth creation. This means global investors should consider building or adding to core exposure to EM equities.

The AI Industrial Revolution: The AI Arms Race (MUFG)

MUFG details its thoughts on the global AI arms race underway across data centers, grid alignment, computational power, critical minerals, language models, research and patent applications.

AI Hurtles Ahead (Oaktree)

Howard Marks revisits the subject of AI, providing his observations on its essence and how it differs from previous technological innovations.