Allocation Update

Find timely intelligence to inform your portfolio positioning right now. Touchstone conducts deep dive analyses of specific asset classes and offers asset allocation guidance using different approaches that are designed to add value for financial professionals and their clients. While certainly not exhaustive, these fresh perspectives include not only historically significant findings, but they also incorporate more recent trends or ideas about important market or economic environments - the culmination of which can serve as a solid framework for discussion and consideration.

Fixed Income Monthly

Crit Thomas, CFA, CAIA, Erik M. Aarts, CIMA, Tim Paulin, CFA

Borrowers are competing for capital again—and bond investors are benefiting. Growth is holding up, while risks are building. Higher yields are improving bond return potential. Credit markets increasingly reward selectivity.

Allocation Update

Touchstone Asset Allocation Guidance

Touchstone Asset Allocation Committee

We shifted a slight overweight from mid caps to large cap growth as stronger forward earnings, better revision momentum and a meaningful valuation reset improved its relative risk/reward. At the same time, Treasury yields have moved higher largely because the economy has surprised to the upside—a healthier backdrop for risk assets than a rate increase driven primarily by renewed inflation fears.

Allocation Update

The Great Repricing

Why a Higher Cost of Capital is Restoring Opportunity in Bonds

Allocation Update

Asset Allocation Chart of the Month

Crit Thomas, CFA, CAIA, Erik M. Aarts, CIMA, Tim Paulin, CFA

Europe has lagged other developed markets this year, but improving economic momentum and broad-based earnings revisions raise an important question: has the underperformance been fully justified?

Allocation Update

International Equities Monthly

Crit Thomas, CFA, CAIA, Erik M. Aarts, CIMA, Tim Paulin, CFA

International markets are sending mixed signals. The dollar remains surprisingly subdued despite stronger U.S. growth, Europe faces a renewed energy headwind, and emerging market gains remain heavily concentrated in Taiwan and Korea. We examine what these shifts mean for international investors.

Allocation Update

Domestic Equity Monthly

Crit Thomas, CFA, CAIA, Erik M. Aarts, CIMA, Tim Paulin, CFA

Strong earnings continue to support U.S. equities, but the risk backdrop is becoming less friendly. We examine the evolving AI investment cycle, shifting Growth and Value leadership, and whether improving small and mid cap fundamentals are strong enough to justify adding exposure.

Allocation Update