Portfolio for the Future™
In a rapidly shifting economic and investment landscape, CAIA Association is here to declare the emergence of a new paradigm for investors — one where allocators need to work smarter and more creatively to deliver client outcomes.
This much is certain: The traditional 60/40 portfolio allocation is no longer enough. The opportunity for alpha is not gone, but the low-hanging fruit has long been harvested, and the path toward higher absolute returns has gotten far more nuanced.
The investment industry needs to be reoriented back toward a north star of sophisticated portfolio construction, one that prioritizes client and beneficiary outcomes in a long-term, sustainable way.
How can investment professionals meet their clients' needs under ever-changing economic and market conditions? We call future-proofed portfolios the Portfolio for the Future™.
The five distinct marks of the Portfolio for the Future™ are the defining features of all-weather portfolios that meet the challenges of the global economy and capital markets.
In our exclusive new practitioner’s guide, some of the most respected thought leader-practitioners in our industry explore the implications that will shape client outcomes.
Broadly Diversified
By Mark Anson, Commonfund
Less Liquid
By Andrea Auerbach, Cambridge Associates
Rooted in a Fiduciary Mindset
By Roger Urwin, Thinking Ahead Institute
Actively Engaged
By Anne Simpson, Franklin Templeton
Dependent on Operational Alpha
By Ashby Monk, Stanford University
The Portfolio for the Future™ is CAIA Association’s contribution and call to action for transformational investment management.
Investors today face expectations that go well beyond traditional notions of fiduciary duty or asset stewardship.