Insight

Rethinking Strategic Asset Allocation

Jan 21, 2026 ยท Portfolio Construction

Strategic allocation assumptions should evolve with higher rates and more dispersion across return drivers.

Allocation updates

  • Reassess expected returns for core fixed income.
  • Quantify the role of private credit and real assets.
  • Calibrate risk targets to liquidity requirements.

We recommend a disciplined review of policy portfolios and rebalancing triggers.

Allocation planning