We have witnessed a dramatic repricing of risk in the first few months of 2025. Following the “Liberation Day” tariffs, US equity markets have posted their 16th worst two-day period since 1928.
The once unstoppable US large cap equity market has underperformed its global counterparts since Trump’s election on November 4, 2024, with a rotation into non-US equities and “risk-off” assets underway.
Being defensive and flexible is key for investors due to volatile trade policies. Risks in US equity markets, such as high valuations and market concentration are being highlighted.
Invesco Solutions develops 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.
Get an in-depth Q3 report from our alternatives experts, including their outlook, positioning, and insight on valuations, fundamentals, and trends.
Paul Jackson, Global Head of Asset Allocation Research, discusses his insights on portfolio allocations and strategies for the Q4 2025 outlook.
Welcome to our Tactical Asset Allocation hub. Here you’ll find a selection of the most recent research from Invesco Solutions. Read our latest analysis that covers market strategy and opportunities across various asset classes.
