One of the most important shifts in markets right now isn’t about whether investors are “risk on” or “risk off”.
One of the most important shifts in markets right now isn’t about whether investors are “risk on” or “risk off”.
For years, financial advisers have managed portfolios through the familiar ups and downs of the market cycle - corrections, recoveries, recessions, and rallies. But the environment we’re in now is different. This isn’t just another market phase; it reflects a structural shift in how economies and markets are behaving.
As we move into 2026, the investment world looks materially different from the environment in which Strategic Asset Allocation (SAA) became the dominant portfolio framework.
For the past few years, we’ve been saying that traditional strategic asset allocation (SAA) is going to stuggle going forward, and therefore no longer fit for purpose in a world defined by geopolitics, deglobalisation, sticky inflation, and unsustainable debt levels.
While typically considered benign, passive index investing can come with unintended consequences.
With the end of the financial year, it’s a good time to take a deep breath and refocus on everything else you need to do in an advice business and plan for how you want to manage things in the year ahead.
Financial advisers come in many shapes and sizes with various approaches and value propositions to suit their clients and business goals. Yet, all share typical dynamics. Beyond the need to be profitable enough to survive, they need to:
The Future Fund has started 2023 with continued calls for a reassessment of how investors manage money in a way that's more relevant to current and prospective market conditions. The voices of CEO Raphael Arndt and Chairman Peter Costello are amplified by the considerable authority and accountability of the fund's almost $200 billion under management. They provide vital leadership during this time of dramatic cyclical change and uncertainty.
The renowned value investor and GMO co-founder, Jeremy Grantham, has stated that the US market is now in the fourth superbubble of the last hundred years.
Allan Gray has added Dynamic Asset Managed Account Portfolios to its Solutions Platform, encompassing Allan Gray Superannuation, Retirement (pension) and Investments (IDPS).
