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.

International Equities Monthly

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

International equities remain a story of diverging regional drivers. A stronger dollar, rising European fiscal risks and increasingly differentiated semiconductor performance argue for selectivity rather than a broad directional call.

Allocation Update

Fixed Income Monthly

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

Competition for capital is resetting the bond market: Higher yields are giving investors greater bargaining power, restoring meaningful income, and creating better opportunities for selective fixed income investors.

Allocation Update

Domestic Equity Monthly

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

We recently shifted a slight overweight from mid caps to large cap growth, where earnings trends and AI exposure have improved the relative opportunity. At the same time, higher rates and narrower market breadth argue for maintaining a measured approach to risk.

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

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

What might investors be missing by focusing only on the S&P 500? Our latest Chart of the Month looks beyond the headline index to uncover a very different opportunity set in mid and small cap stocks.

Allocation Update