Archive - Asset Allocation Report

The Fed raised interest rates on Wednesday. Neither of the two award winners has adjusted its asset allocation recommendation

UBP is neutral on stocks. Federated Hermes aligns with the consensus.

Sep 19 • Eelco Ubbels

Three Award Finalists. One Consensus. Three Different Ways to Disagree.

Robeco turns cautious as Candriam leans contrarian on Government Bonds.

Sep 13 • Eelco Ubbels

Last of five: why equities set the price of credit

Consensus ranks High Yield last, performance ranks it first.

Sep 11 • Eelco Ubbels

Two Percentage Points of Conviction: Northern Trust Bets on a High Yield Supply Squeeze

The Consensus is far more cautious, and Pictet retreats too.

Sep 5 • Eelco Ubbels

39 Managers, Eight Macro Themes, and a Top Theme That Beat Hormuz by a Hair

Growth euphoria and geopolitical risk now weigh exactly the same.

Sep 3 • Eelco Ubbels

August 2026

Five Recent Dalio Posts Connect AI Concentration, Debt and Geopolitics Into One Question Every Allocator Faces Now

Dalio’s view tested against data from dozens of professional allocators

Aug 25 • Eelco Ubbels

Spread versus equities: why Federated Hermes sees one decision where the consensus counts two

A Live conversation with the 2026 Fixed Income winner

Aug 12 • Eelco Ubbels

Japan: The Intervention Solves Nothing — The Bond Market Does

Equities convince, the yen tests, the bond market decides.

Aug 7 • Eelco Ubbels

69 reports, 66 recommendation changes, one consensus that refuses to bundge

Despite Hormuz, inflation and volatile oil prices, professional investors continue to favour risk assets over cash.

Aug 4 • Eelco Ubbels

July 2026

Two Roads to Neutral: Why Tech Positions Are Turning While the Consensus Stays Overweight

Candriam and Invesco converge from opposite directions

Jul 25 • Eelco Ubbels

Buy Technology and You Buy America — and Dollars

One sector bet, three positions — and the Asset Allocation Award winner disagrees.

Jul 23 • Eelco Ubbels

Two Award Winners Clash Over High Yield, Despite Shared Confidence in Equities

UBP’s Europe tilt leaves the official rating unchanged

Jul 19 • Eelco Ubbels

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