About Asset Allocation Report
Asset allocation determines more than 80% of a portfolio’s return. Yet for most investors, the professional consensus, what the asset managers overseeing $50+ trillion are actually doing, remains out of reach.
Asset Allocation Report changes that.
Every month, I read 60+ reports from banks, asset managers, and research houses. I extract the consensus and identify the reasoning behind every Overweight, Neutral, and Underweight position across 25+ asset classes. You don’t just see the outcome, you see the chain of assumptions behind it.
That consensus isn’t something to follow blindly. It’s the starting point, the baseline every allocation decision should be measured against, whether you end up agreeing with it or not.
Because in asset allocation, reasoning matters more than conviction. I learned this firsthand. After the tsunami in Japan, my team had one day to decide: should we increase our allocation to Japan? We made a call. But was it the right one? That moment made something permanent clear: every allocation decision is built on a chain of assumptions. My work is about making that chain visible — so you know whether you’re running with the consensus, deliberately diverging, or unknowingly caught in a crowded trade.
That is the work. And this is what it looks like in practice:
Monthly Consensus: structured overview of 25+ asset classes
Quarterly Expected Returns: long-term capital market assumptions
AI & Allocation Signals: verified cases where AI is genuinely influencing institutional capital allocation
Award-Winner Interviews: conversations with allocators who have delivered results
About me
I’m Eelco Ubbels, founder of Alpha Research. In the investment industry since 1995, fully dedicated to asset allocation research since 2012. With this publication, I bring that same independent, structured approach to a global audience.
No single asset manager, however large, sees the full picture. The infrastructure to read across dozens of them every month, and surface what they actually agree and disagree on, is what makes this consensus visible at all.
→ Free subscribers receive monthly highlights and consensus summaries.
→ Paid subscribers receive full access to the complete Consensus, Expected Returns research, and exclusive analysis.
