Tactical Asset Allocation

March 2026 update

Global growth is strengthening, with synchronized improvements across regions. Our framework moves further into an expansion regime. Our Global Tactical Asset Allocation Model¹ is overweight equities versus fixed income, favoring cyclicals but with a more balanced exposure between value, momentum, and small- and mid-caps.

Get the full story

See what our macro regime framework is telling us — and what we’re doing in response — in our March 2026 Tactical Asset Allocation update.

Topics include:

• Macro update —  The global cycle is exhibiting noticeable strength, with synchronized momentum across regions and sectors. We believe the economy is in a strong position to weather increased geopolitical risks.
• Markets — The coordinated US-Israel strike on Iran injected new uncertainty in financial markets.
• Investment positioning — See what we’re favoring in stock, bond, and currency markets.