Strategies & Capabilities

Multi-Asset Solutions

Active listening, inventive thinking: Tackling the toughest investment challenges.

For more than three decades, the Investment Solutions Group (ISG) has developed asset class-spanning products and services aimed at realizing our clients’ diverse goals. Today, we serve clients around the world, with more than $234 billion in assets under management and under advisory/consulting.*

Our Expertise

Discover our Offerings

We provide a wide range of investment solutions, from implementing short-term, tactical exposures to fully discretionary mandates (also known as “Outsourced CIO”). Here are some of our key multi-asset offerings:

Latest Monthly Updates

Investment Solutions with Rob Spencer

Rob Spencer, a portfolio strategist from our Investment Solutions Group shares insights on a monthly basis regarding key factors motivating our tactical asset allocation positions, how we are addressing client concerns, and the most urgent issues facing asset allocators.

Latest Insights

Multi-Asset Solutions
Trimming Our Global Growth Forecast: Tactical Trading Decisions for May 2022

Supply shocks and the Russia-Ukraine War continue to further stress the global economy. Considering this, we see risks skewed to the downside and trim our global growth forecast by a full percentage point.

May 19, 2022 Article
Multi-Asset Solutions
Non-US Equities Less Favored: Tactical Trading Decisions for April 2022

The current macroeconomic environment is less certain than it was at the beginning of 2022. The ongoing Russia-Ukraine War has added uncertainty as its duration as well as its impact on global growth is still unclear. Within equities, our models strongly favor the US and we continue to rotate out of non-US regions.

April 20, 2022 Article
Multi-Asset Solutions
De-Risking Portfolio by Favoring Gold: Tactical Trading Decisions for March 2022

The macroeconomic environment is less stable than it was a month ago and the recent volatility surge driven by the Russia-Ukraine War has introduced new tail risks. Consequently, a modest de-risking of portfolios in favor of gold is preferred. Although challenged, growth is expected to remain positive and we will continue to monitor developments in Ukraine.

March 17, 2022
Multi-Asset Solutions
Diversifying Non-US Equity Exposure: Tactical Trading Decisions for February 2022

The current year could be characterized as a descent from the peak to an environment of lower but above-trend growth. A number of factors, including a decline in Omicron cases, should underpin economic growth and help re-normalize consumption at a time when fiscal policy is becoming less favorable. Although challenged, the macroeconomic environment should remain supportive of growth assets.

February 17, 2022
Multi-Asset Solutions
Steady Growth Our Baseline for 2022: Tactical Trading Decisions for January 2022

As we enter 2022, Omicron remains a concern, affecting supply chain and inflation levels. Uncertainty hovers over due to elevated inflation and a more hawkish Fed, but the durable fundamental backdrop mitigates the risks. The effect of Omicron should be short lived as well and economic growth should remain above trend. Improved risk appetite and the still positive economic outlook support a modest overweight to growth assets.

January 20, 2022 Article
Multi-Asset Solutions
Fundamental Backdrop Broadly Positive for Growth Assets: Tactical Trading Decisions for December 2021

While numerous uncertainties, including the Omicron outbreak, cast a shadow on the economic growth outlook, we believe global economies exhibited resiliency as the fundamental backdrop remained sturdy. Monetary policy should remain accommodative in the near term, and the improving labor market will contribute to the growth in 2022. While some caution is reasonable, the environment is broadly supportive of growth assets.

December 21, 2021
Multi-Asset Solutions
Economic Growth Supportive of Growth Assets: Tactical Trading Decisions for November 2021

Even as inflation and supply chain constraints weighed on global growth, the sanguine jobs report suggests easing pressure. Strong margins should mean companies will be able to maintain their pricing power, which bodes well for future growth. While some caution is justified, our positive outlook for economic growth is supportive for growth assets.

November 18, 2021 By Olivia Engel Article
Multi-Asset Solutions
Moderate Near-Term Caution Warranted: Tactical Trading Decisions for October 2021

Markets have started to encounter some disturbances, including supply chain troubles, labor shortages and soaring energy prices. However, monetary policy should remain accommodative going into 2022 and global growth should continue to support corporate profits and risk assets. Overall, the economic recovery will continue, albeit at a more moderate pace, warranting some near-term caution.

October 20, 2021
Multi-Asset Solutions
Macro Backdrop Still Favors Risk Assets: Tactical Trading Decisions for September 2021

Recent data prints point toward a moderation in growth, which is expected after the torrid pace of growth that we have witnessed so far. However, underlying fundamentals continue to remain firm, and positive economic growth should persist. Besides, improving leading economic indicators give reason to believe earnings will remain strong. All in all, the still favorable indicators reinforce our preference for risk assets.

September 16, 2021