Asset Allocation for a New Regime

The end of the moderate inflation era and the rise of private assets challenge both a volatility-based view of risk and the allocations to bonds that have helped reduce volatility. Peter Shepard, MSCI’s head of analytics research and product development, introduces a new framework, developed in collaboration with GIC to use long-horizon macro-scenarios to allocate assets into the decades ahead. This presentation, from the annual MSCI Institutional Investor Conference, co-hosted with CalSTRS and CalPERS, took place on Oct. 18, 2022.