Asset allocation 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.