Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.

The late phase of a business cycle can pose significant challenges to asset allocators. We think the keys to dealing with them are to stay flexible and to focus on quality when structuring a portfolio.

Risk is rising late in the cycle. How should investors respond?

Here are our asset allocation themes for multi-asset portfolios in 2018.

With the dramatic spike in market volatility over the past week, many investors are asking what comes next.

Combining bonds with other equity-risk-mitigation strategies may be more efficient than any single approach.

With critical policy pivots on the horizon, investors should approach asset allocation with full appreciation for downside risk and stay focused on relative value and security selection.

Given our base case of modest global growth aided by a fiscal boost in the U.S., we believe positive returns can still be earned via targeted risk-taking.