The Asset Allocation Channel

2 Reasons Why Volatility Can Remain Low

Russ discusses why economic conditions (for now) support low volatility in the markets.

Weighing the Week Ahead: What is Working, and Will It Persist?

The economic calendar is modest. Volatility is lower even with plenty of news. The summer doldrums have arrived! It provides time for introspection to fill those empty timeslots and pages.

How to Avoid a Fund Blow Up

Greg Silberman explains his take on the life cycle of private investments.

Investing Without People

This memo covers three ways in which securities markets seem to be moving toward reducing the role of people: (a) index investing and other forms of passive investing, (b) quantitative and algorithmic investing, and © artificial intelligence and machine learning.

Mid-Quarter Update: The Monetary Policy Pitchfork

The big three central banks (Federal Reserve, European Central Bank and the Bank of Japan) met this week to review their monetary stance. In this mid-quarter update, we share our analysis, The Monetary Policy Pitchfork.

It's Time to Throw out the Old Bond-Investing Playbook

Recent posts from the diversified fixed income team have discussed how bond investors should be prepared to navigate a market that may look very different from what they've grown used to. In other words, it might be time to reassess the old bond-investing playbook.

The Battle of the Passive Strategies

My first book, The Only Guide to a Winning Investment Strategy You’ll Ever Need, was first published 20 years ago, in May 1998. With its 20th anniversary in mind, let’s see how my recommendations worked out for investors who followed them.

The evolution of Vanguard Advisor’s Alpha®: From portfolios to people

Steps financial advisors can take to build deeper trust with clients as change occurs within the financial advice industry.

Evolutions in Growth, Trade and Geopolitics

PIMCO’s Global Advisory Board discusses the outlook for major economies and geopolitical developments.

Technology “Bubble” Fears Don’t Hold up

Russ discusses why tech stocks are not only not in a bubble, but reasonably valued.

NFIB Small Business Survey: "Small Business Optimism Index Soars, Continuing Historic Run"

The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for May came in at 107.8, up 3.0 from the previous month. The index is at the 100th percentile in this series. Today's number came in above the forecast of 105.2.

Inside a Top-Performing Multi-Asset Fund

Bob Browne is an executive vice president and chief investment officer for Northern Trust. He is a member of Northern Trust's operating group and management group. He is also co-portfolio manager of the Northern Global Tactical Asset Allocation Fund (BBALX), a top-performing, multi-asset fund.

Asset Allocation: A Percentage of What?

An investor’s allocation to stocks and bonds is often the most consequential investment decision he or she will make. But the practice of translating investment risk into a stock to bond ratio is fraught with misunderstanding.

Three Ways to Keep Your Head Above Water as Rates Rise

Volatility in yields got you down? Fearful of more rising rates ahead? Worried your bond portfolio will sink into the red? We have strategies that will help keep you dry, even if the waves get high.

ARIS Insights: The Low Correlation Boost

Imagine that your goal is to maximize the total return of your portfolio. You can either invest your portfolio 100% in stocks or split the portfolio equally between stocks and an uncorrelated strategy with an annual return that is 1% less than stocks.