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
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.
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.
Insights
Concentrated markets: Implications for active management, manager research, and multi-manager capital allocation
Members of our Fundamental Factor Team share research insights on the portfolio impact of benchmark concentration and highlight tools that may help, including extension strategies, passive-share analysis, and index-completion approaches.
Multi-Asset Investment Outlook
To help think through the asset allocation outlook and implications for this year, we offer views from iStrat, our investment strategy and solutions group.
Trump 2.0: Time to curb your enthusiasm?
How does an allocator navigate markets when so much about the policy landscape is unknown? Our Investment Strategy & Solutions Group offers their views on the new political realities in the US and their global implications, including for equities, bonds, and commodities.
A guide to investing in the age of anxiety
There's a long list of issues worrying asset owners, from geopolitical risk to high valuations. To help, Head of Multi-Asset Strategy Adam Berger offers coping tips for an uncomfortable investment backdrop and a world where investing rules of thumb may be broken.
Monthly Asset Allocation Outlook
Wondering how to reposition your portfolio amid election-related uncertainty? Explore the latest monthly snapshot of our Multi-Asset Team’s asset class views.
Is your portfolio keeping pace with the changed outlook?
It's been an uncertain few years for investors, but looking ahead, we believe investors can expect a resilient economy, a solid outlook for growth and a positive environment for risk assets. What does a changed outlook mean for investors?
Don’t let recency bias get in the way of good investment ideas
Tim Antonelli, Head of Multi-Asset Strategy – Insurance, offers ideas to help insurers avoid being anchored to recent events and build portfolio resilience, from locking in higher yields to taking a more dynamic approach with surplus assets.
Chart in Focus: Is the “Trump trade” real?
Is this "Trump trade" real？In this latest edition of Chart in Focus, we compare market's reactions to Trump's re-election and his 2016 election, and share our observations.
“Goldilocks” and the three drivers of hedge fund outperformance
Members of our Investment Strategy & Solutions Group explain why shifting economic conditions may bode well for hedge funds broadly but also see reasons that manager selection may be more important than ever.
What do the US election results mean for investors?
The US election results could have significant implications for the global economy and capital markets. Our panel of experts provides a thorough analysis of what happened and explores potential market impacts.
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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Chart in Focus: Can this equity bull market last?
Can this current equity bull market last? In this latest edition of Chart in Focus, we focus on the indicators of whether it may come to an end or keep running.
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