Asset Allocation and TAA

Best Asset Allocation Paper 2017

Savvy Awards 2017 Fixed Income

WINNER: Robeco

Five-Year Expected Returns 2018-2022: Coming of Age  
This detailed report (106 page) presents Robeco's forecasts for 5-year expected returns across all major asset classes. Strategists at the company aim not to give an accurate account of what will happen between now and 2022. However, they present the broader trends and averages. The report covers specific topics such as the future of the Eurozone, the origin of returns, secular stagnation, passification, and volatility.

HIGHLY COMMENDED

Do bonds diversify equity risk? by Wellington Management 
This Wellington Management paper argues that the case for government bonds as equity risk diversifiers has shrunk significantly in recent years. Although bond yields have been rising, they remain very low by historical standards. This implies that the expected return hurdle for investing in alternative hedges to equity risk is lower than in the past.

JP Morgan Quarterly Guide to the Markets, Q4 2017 by JP Morgan Asset Management
The JP Morgan quarterly "Guide to the Markets" is a bumper 80-page report, packed with charts and tables, illustrating global economic trends, and examining the key drivers of equity and fixed income markets for the period ahead. The accompanying "quarterly perspectives" report is a "guide to the guide".

Demographics will reverse three multi-decade global trends by Bank for International Settlements
This paper from Charles Goodhart and Manoj Pradhan explores the impact of global demographic shifts on the global economy, inflation, and inequality. It asks whether we are in a 'debt overhang' trap enforced by persistently low rates. It recommends policy changes from debt to equity finance.

Global Investment Returns Yearbook 2017 by Credit Suisse
This excellent 59-page document from Credit Suisse explores a range of investment themes (particularly recent monetary policy) within the context of long-run global asset returns. The report contains data for 26 countries and regions going back to 1900. It's a detailed, must read report.

The Shift to Reflation: Assessing the Impact to Portfolios by PineBridge Investments
This paper by PineBridge Investments argues that during the "stall-speed" monetary regime, what worked for asset allocation strategies is unlikely to do the same moving forward. The authors present, identify and explore different types of market regimes which span different cycles.

Notice for Award Winners (including highly commended papers) 

Savvy Investor has created digital assets (award banners and links) for you to publicise your award, for example in social media, blogs, emails, newsletters and on your website. To receive your digital assets, please email business@savvyinvestor.net

About the Savvy Investor Awards

Savvy Investor is the world’s leading resource hub for the institutional investors. Since launch in March 2015, more than 23,0000 members from across the globe have registered for the site, with 150-200 new members joining every week.

We curate the best pensions and investment white papers from around the world, and having uploaded more than 20,000 since launch, have a unique platform from which to host these Awards. The Savvy Investor Awards are judged on the basis of the quality and readability of the paper and its appeal to our institutional investor audience.

To find out how you can partner with Savvy Investor this year to enhance your thought leadership credentials in the institutional investor marketplace, please contact our Business Development Manager, Stuart Blake, stuart.blake@savvyinvestor.net

Feedback