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.

In this issue: Research Affiliates discusses the benefits and risks of active investment management versus passive, and the long-term prospects for global economic growth.

Chris Brightman, chief investment officer of Research Affiliates, discusses the application of business-cycle models to investing; Michele Mazzoleni, head of macroeconomic research, assesses inflation potential under President Trump; and Rob Arnott, founder, chairman and chief executive officer, dissects conventional wisdom. As always, their insights are in the context of the PIMCO All Asset funds.

Rob Arnott, founding chairman and head of Research Affiliates, and Brandon Kunz, senior vice president and portfolio specialist, share their insights on the PIMCO All Asset funds.