Asset allocation and portfolio construction in 2026

Start 2026 with effective allocation

This year has not had a quiet start – the U.S. intervention in Venezuela will likely reshape the global oil production picture and, as a result, the direction of the global economy. In this environment of extreme uncertainty, how should investors approach asset allocation and portfolio construction? Read the thought leadership below to find out.

Relative Value & Tactical Asset Allocation Q1 2026 (Metlife IM)

What will the first quarter of 2026 hold for asset allocators?

European Securitisation Reforms: Insights for Insurers (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

The authors of this paper explore how changes in European securitization are transforming insurers' portfolios and investment prospects.

Capital Market Expectations 2026 (Franklin Templeton)

For compliance reasons, this paper is only accessible in the EMEA region

This report argues that allocators should brace for relatively lower portfolio returns across the next decade.

What a Treasury-Heavy Bond Market Means for Portfolios (Morningstar Indexes)

A treasury-heavy market is causing unease among many investors. What does it mean for investment portfolios?

How to Future Proof Your Private Markets Exposure (Natixis IM)

For compliance reasons, this paper is only accessible in certain geographies

Private assets include unlisted investments that range from private equity to private debt, to infrastructure and real estate.

Global Infrastructure Allocations of the World's Largest Investors (Ausbil)

Infrastructure assets demonstrate characteristics that contribute positively to the dynamics and performance of investment portfolios.

Portfolio Performance During 100 Years of Bear Markets (Mutual Fund Observer)

The bear markets of the previous 100 years are stories of debt cycles, financial crises, inflation, and currency devaluation.

2025 Recap, AI, and Global Diversification (Fidelity Investments)

For compliance reasons, this paper is only accessible in the United States

This podcast explores what 2026 may bring to markets and how investors might position their portfolios to capture the right opportunities.

Multi-Asset Portfolios - The Balance Between Active and Passive (BNP Paribas AM)

Traditional approaches to portfolio construction fall short in today’s environment of customization, digitalization, and the proliferation of investment vehicles.

Risk Management for Investment Systems (Thinking Ahead Institute)

This report provides an in-depth analysis of the concept of risk in the field of investing.

Direct Lending: An All-Weather Approach to Portfolio Construction (Blue Owl)

This paper argues that direct lending remains a compelling asset class for many portfolios, particularly in volatile markets.

Signal Edition 2

The Next Frontier in Portfolio Design (Savvy Investor)

This edition of Signal maps where investor attention is moving next, highlighting early shifts in sentiment, emerging points of consensus, and the signals that often precede market-wide change.