Perspectives Blog

January asset allocation update

Jeffrey Knight, CFA, Head of Global Asset Allocation | February 3, 2014

…momentum. In addition, we maintain our strong overweight to Japan as we see both favorable monetary and macro conditions continuing. EM equities present a challenge. While global liquidity and valuations are supportive of the asset class, sentiment remains negative and after many years of positive capital flow we are currently seeing that reverse. As a result, we remain neutral on EM equities. We continue to recommend adding non-traditional diver…

Global Asset Allocation Outlook (as of February 24, 2014)

Columbia Management Global Asset Allocation Team, | March 10, 2014

…ated Treasuries, municipal debt and high-yield corporate bonds leading the way. The dollar weakened against both emerging market and developed market currencies. Despite a slight slowdown in recent economic growth, our Global Asset Allocation proprietary investment clock for the U.S. signals continued economic expansion. The investment clock allows us to better understand the behavior of the business cycle and the resulting impact on asset class…

The importance of taking a long-term perspective

Jeffrey Knight, CFA, Head of Global Asset Allocation | February 3, 2014

We examine the value in maintaining a long term outlook for major asset classes We review our forecast for several major asset classes over the next five years Why maintaining realistic expectations for long term asset class performance is so important For asset allocation decisions, we find great value in maintaining a long-term outlook for major asset classes. Twice a year, in fact, we conduct an extensive update of our five-year return fore…

Asset allocation November 2013

Jeffrey Knight, CFA, Head of Global Asset Allocation | December 12, 2013

commodities as supply demand picture remains weak, roll yields have turned negative, ETF sell off continues. Source: Columbia Management Investment Advisers, LLC. Investment Strategy Outlook reflects the views of the Global Asset Allocation team as of November 15, 2013. Asset classes are ranked from 1 (overweight) to 5 (underweight), with 3 representing a neutral allocation….

Asset allocation chart December 2013

Jeffrey Knight, CFA, Head of Global Asset Allocation | January 6, 2014

as the supply-demand picture remains weak, roll yields have turned negative and the ETF sell off continues. Source: Columbia Management Investment Advisers, LLC. Investment Strategy Outlook reflects the views of the Global Asset Allocation team as of December 13, 2013. Asset classes are ranked from 1 (overweight) to 5 (underweight), with 3 representing a neutral allocation….

Second quarter asset allocation positioning

Columbia Management, Investment Team | May 14, 2013

Within equities, we maintained an overweight to U.S. stocks, with emphasis on large-cap stocks and high-quality, dividend-paying equities. For fixed income,¬†we continue to prefer investment grade corporate bonds. We believe low correlation absolute return strategies should continue to be a part of diversified portfolios. The Columbia Management Asset Allocation Team meets to review global economic investment conditions and markets. Team member…

Global asset allocation outlook (as of March 2014)

Columbia Management Global Asset Allocation Team, | April 7, 2014

After significant gains in 2013, equities took a breather in the first quarter of 2014 while fixed income assets rallied. The S&P 500 Index experienced a fair amount of volatility, retreating 5.8% at the start of the year and then rallying by more than 7% to end the quarter modestly higher. Within international markets, European, emerging markets (EM) and Japanese equities lagged U.S. equities. By the end of the quarter, however, risk assets…