Center For Investment Excellence
2025 Asset Allocation Draft
Jan 17, 2025
David Lebowitz chats with Jared Gross, Head of Institutional Portfolio Strategy, about the 2025 Asset Allocation Draft. They dive into macroeconomic trends, consumer behavior, and labor market stability. The conversation spotlights risk assets and the need for an active investment approach. They emphasize the shift in the U.S. equity market, with mid-cap stocks gaining attention, and underscore the value of core real assets like real estate. A bold recommendation for investing in Japanese equities also adds a twist to their strategic insights.
36:46
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Quick takeaways
- The podcast emphasizes the strong U.S. economic outlook for 2025, underpinned by solid consumer health and stable wage growth amidst global challenges.
- A strategic asset allocation draft highlights the importance of diversifying portfolios with equities, fixed income, and core real assets to optimize returns.
Deep dives
U.S. Economic Outlook
The U.S. economic outlook for 2025 appears solid, driven by several positive factors, including strong consumer health and potential increases in capital spending. While challenges exist globally, the U.S. labor market remains robust, with stable wage growth around 4% despite fluctuations in inflation. Historical comparisons indicate that the current productivity growth aligns with acceptable wage growth levels, supporting the economy's health under the new administration. Policymaking will focus on immigration, tariffs, tax reform, and deregulation, forming the foundation for expected improvements and growth in the coming year.
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