A new blueprint for diversification

The new market environment calls for a total portfolio approach

2025 has been a year of massive changes for allocators across the world. Geopolitical developments, fiscal policies, market moves, and new technologies have forced investors to look for new ways to reduce portfolio risk through diversification. The real question has become: What is the appropriate method of diversification? Amundi, PGIM, and PIMCO are among the asset management firms offering novel views that can provide an answer to this question.

Balancing Act: Building Resilient Portfolios in a Changing Landscape (PIMCO)

A balanced, diversified allocation is one of the simplest ways to overcome these natural biases and successfully navigate volatile markets.

Rethinking Diversification: Learnings from a Total Portfolio Approach (PGIM)

The Total Portfolio Approach is garnering increasing attention in a world in which investors are looking to protect their capital while also generate good returns.

All-Weatherproofing Institutional Portfolios with PC (Apogem Capital)

This piece explores how certain strategies focused on the LMM can potentially offer complementary and differentiated exposure to private credit for investors.

Emergency Savings, Financial Well-Being, and Financial Stress (Vanguard)

For compliance reasons, this paper is only accessible in the United States

Emergency savings are a cornerstone of sound financial planning. During periods of financial stress they are crucial for investors.

Can Modern Portfolio Theory Still Teach Us Any Lessons Today? (Alpha Architect)

Modern Portfolio Theory has long served as a foundational framework for asset allocation and portfolio construction. Is a new framework on the horizon?

Diversification - Unlocking Value in Publicly Traded Equity (Fisher Investments)

For compliance reasons, this paper is only accessible in certain geographies

Public equity can complement private equity allocations by providing transparency, liquidity and real time valuation insights

The Great Diversification Is Underway (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

There is a diversification trend going on across asset classes and geographies, the authors argue.

The (Uncertain) Payoff from Alternative Investments (Aswath Damodaran)

Have alternatives delivered on their risk-adjusted returns promises? It is time to look at the data and try and provide an answer.

Rethinking Risk Management (ViewRight Advisors)

Many studies suggest that missing just a handful of the market’s best days can drastically reduce long-term returns.

Asset Allocation under Shifting Correlations (Sungkyunkwan University)

Asset allocation relies on the idea that correlations between asset classes guide sound portfolio design. Yet these correlations shift with the business cycle.