What 63 Asset Managers Are Repositioning in January 2026
The primary sources behind the consensus, before aggregation and interpretation
Each month, the Asset Allocation Consensus is built from the ground up. Before anything is aggregated into a model or distilled into a ranking, there is one essential layer: what strategists actually write.
This page brings together the 63 most recent asset allocation reports, published in January 2026, representing USD 65.5 trillion in assets under management, the broadest input set we have used since the start of the Consensus in 2012.
These documents are the primary sources: CIO views, house outlooks, tactical updates, and cross-asset frameworks in their original form. The value is not any single report, but the patterns that emerge across them. Notably, the year has started with more active repositioning: CIOs and strategists adjusted views far more than in December, with a clear pickup in underlying recommendation changes.
This month, those shifts translated into five consensus recommendation changes: three upgrades and two downgrades. Commodities moved from neutral to overweight, and Pacific ex Japan equities also shifted from neutral to overweight. Within fixed income, Corporate Bonds turned from neutral to underweight. In equity sectors, Industrials rose from neutral to overweight, while Communication Services slipped from overweight to neutral.
Beneath the surface, fixed income saw a noticeably positive tilt in revisions overall, not in corporate credit, but across other bond segments—reinforcing the theme of selective rotation rather than a wholesale risk-off move.
Taken together, the signal remains risk-on, now with sharper differentiation across regions, sectors, and bond categories.
Below you will find direct links to every source document used in this month’s Asset Allocation Consensus.
Aegon AM Global House View
AllianceBernstein Strategic Investment Outlook 2026
Allianz Global Investors Multi Asset Tactical View January 2026
Amundi Global Cross Asset Investment Strategy January 2026
Arab Bank Investment Strategy Q1/2026
Aviva Investors House View 2026 Outlook
Barclays Market Perspectives February 2026
Bendura Market Outlook January 2026
Berenberg Horizon Handout
BlackRock Weekly market commentary
BNP Paribas AM Monthly Market Viewpoint
BNY Investments Vantage Point
Candriam Monthly Coffee Break
Citibank GIC 2026 Q1 Macro Investment View
Columbia Threadneedle Tactical Asset Allocation Outlook
Degroof Petercam - Indosuez Monthly House View
DWS Investment Traffic Lights
Erste Group Global Strategy 1Q 2026
Federated Investors Where We Stand
Fisch Asset Management Monthly Update
Franklin Templeton Allocation Views January 9, 2026
Generali Investments Market Compass January 2026
Hang Seng Bank 1Q Investment Outlook 2 Jan 2026
ING Investment Office Maandbericht Beleggen
J. Safra Sarasin Cross-Asset Weekly
Janus Henderson Multi Asset Quarterly
JP Morgan Global Asset Allocation Views 1Q 2026
L&G IM Outlook
Mackenzie Investments Blue Book
Merrill Capital Market Outlook
Morgan Stanley The BEAT for Q1 2026
Neuberger Berman Asset Allocation Committee Outlook 1Q 2026
Ninety One Multi-Asset Strategy Quarterly
Northern Trust AM Investment Perspective
Nuveen Global Investment Committee
OFI Asset Management Panorama
Pictet AM Barometer
PineBridge Investment Strategy Insights
Raiffeisen Anlageguide
Robeco Monthly Outlook
Russell Investments Asset Class Dashboard
Schroders Our Multi-Asset Investment Views
SEB House View
Societe Generale House Views
Standard Chartered Global Market Outlook
T. Rowe Price Global Asset Allocation
UBP House View
UBS Macro Monthly
UniCredit Monthly Outlook
Vontobel Investors’ Outlook
VP Bank Our View
Wellington Multi-Asset Outlook
Wells Fargo Asset Allocation Strategy
Wilmington Trust Capital Perspectives