2025 Outlook
The Cambridge Associates 2025 Outlook features our investment outlook for 2025, separated into eight key investment themes.
Investment Planning
2025 Outlook: Cross Asset
We expect global equities to outperform bonds, as near trend economic growth should support continued corporate earnings growth and healthy risk appetite. Stock/bond correlations should be lower than the 2023–24 peak levels, even as protectionist US policy may drive global economic uncertainty higher.
Should Investors Alter Portfolios After US President Trump’s Re-election?
No, not at this time. While the Trump administration’s policies will impact markets, we expect other factors will be larger drivers of long-term investment performance.
Unlocking New Opportunities for Family Investors Through Private Funds
Enterprising families seeking more comprehensive private allocations can consider building a PI fund program to serve as a pathway to a multitude of new opportunities. Understanding the potential advantages and challenges of PI fund programs can help family investors consider whether an expansion of their private allocations is right for them.
Will Artificial Intelligence Continue to Propel the Market Forward?
Yes, we believe it will. Excitement around artificial intelligence and its related technological advancements has been a key market driver since early 2023.
Optimizing Wealth Infrastructure for Families
For many families, navigating the complexities of outsourcing investment functions can be challenging. This paper helps families understand the different structural components to consider as they seek to create an institutional-caliber portfolio.
Super Tuesday Kicks 2024 US Election Cycle into Full Swing
Today many US states are concurrently holding primaries, which are critical for presidential hopefuls to secure delegates.
Will There be a Second Wave of Inflation?
No, we expect Consumer Price Index (CPI) inflation will continue to moderate toward central bank target levels in 2024.
2024 Outlook
The Cambridge Associates 2024 Outlook features our investment outlook for 2024, separated into eight key investment themes.
Shelter from the Storms: Diversification and Opportunity for Pensions in Insurance-Linked Securities
We believe insurance-linked securities can be a good fit for many pension funds looking to diversify their portfolios. This paper shares insights on how pensions can confidently underwrite and implement this asset class.