In this issue, Research Affiliates offers insight into its inflation outlook, subjective adjustments to its model-driven approach and why incorporating macroeconomic volatility into standard valuation models may help in predicting equity market returns.

In this issue, Research Affiliates offers insight into how the PIMCO All Asset strategies have responded to tightening credit spreads and discusses its framework for creating long-term return forecasts for stocks and bonds.

In this issue, Research Affiliates offers insight into the continued case for diversification amid an aging bull market for U.S. stocks and discusses how its ongoing, targeted research informs risk pricing across emerging and developed markets.

In this issue, Research Affiliates offers insight into its CPI-based secondary return benchmarks, its business cycle modeling and continued opportunities in emerging markets.