2026 Capital Market Assumptions
Translate portfolio theory into practical solutions with our capital markets forecasts for returns, risk, and correlations.
With decades of experience managing multi-asset portfolios, our strategists, portfolio managers, and analysts can help produce improved investment outcomes.
From robust research and analysis to bespoke investment solutions, our team brings insights and innovation to your portfolio construction process.
Covering global equities, balanced, and alternatives that can complement and complete portfolios.
Supported by proprietary analytical tools and specifically tailored reporting that link performance results with intent.
Ranging from mandate-specific customizations to total portfolio advice leveraging the best ideas from across the firm.
The Invesco Solutions team oversees $195 billion in total assets, as of 30 June 2025.
We have a deep and experienced team of more than 160 dedicated professionals.
Our key market locations provide local knowledge and global perspective.
Translate portfolio theory into practical solutions with our capital markets forecasts for returns, risk, and correlations.
Constructing robust factor portfolios with the ability to customize in a clear and transparent risk-controlled manner.
Learn more about our unique custom portfolio analysis service
Invesco Solutions (IS) is a global independent multi-asset team comprising 65+ professionals based in Europe, the US and Asia. Our assets under advisement total $108 billion.¹
Our purpose is to help clients reduce uncertainties and achieve their investment goals. We focus on combining strategic and tactical asset allocation with manager selection capabilities, delivering outcome-oriented solutions.
We partner with you to fully understand your goals. We then harness strategies across Invesco’s global spectrum of active, passive, factor and alternative investments to address your unique needs.
From robust research and analysis to bespoke investment solutions, our team brings insight and innovation to your portfolio construction process.
We offer advice and solutions across a comprehensive range of asset classes and strategies. Our aim is to help clients get the best from Invesco – a global organisation with over $1.7 trillion in equity, fixed income and alternative assets.²
Clients can access our expertise at many levels, from investment analysis and advice on portfolio optimisation to working together to create fully customised solutions including:
We have developed capital market assumptions (CMAs) that provide long-term estimates for the behaviour of major asset classes globally. The assumptions, which are based on a 10-year investment time horizon, are intended to guide strategic asset allocations.
For each selected asset class, we develop assumptions for expected return, standard deviation of return (volatility), and correlation with other asset classes.
Our capital market assumptions form the basis of our analysis and recommendations. We use these as guidelines when making long-term strategic asset allocation decisions. We are also able to conduct tactical asset allocation based on extensive regime and macro analysis that seeks to capture cyclical opportunities in the current environment.
We use Invesco Vision, our advanced portfolio management research and analytics platform, to help clients make better-informed investment decisions that are aligned with their objectives.
Alternative assets like private equity, private debt and direct real estate have unique characteristics, which means they can offer diversification benefits. They also have the potential to generate more attractive risk-adjusted returns than might typically be found in public market assets.
The movement towards alternatives has accelerated over the last few years, particularly as investors have adapted to lower forecast return assumptions from equities and bonds. This is shown through Invesco’s capital market assumptions, which provide long-term estimates for the behaviour of major asset classes globally.
The alternative investment market is broad, complex and dynamic. It requires extensive analysis, due diligence and monitoring. There are practical considerations to navigate too, such as investment illiquidity. Unless you’re a large institution, there can be challenges gaining access to certain managers.
Invesco’s alternatives platform has been created to help overcome many of these challenges, simplifying the process of investing in alternative assets and bridging the gap between your investment strategy and execution. Alongside Invesco’s in-house capabilities, we have sourced high-quality third-party managers who offer scale, global presence and complementary expertise in private market investments.
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