Global Asset Allocation Strategy — October 2025

October 16, 2025 — Global Asset Allocation Strategy provides an overview of key economic and policy themes and how Sage is positioned in the current market environment.

Key Takeaways

• Risk assets are supported by resilient economic data, stable credit conditions, and AI-driven momentum, despite tight valuations and macro/geopolitical risks.
• Fixed income will remain attractive into 2026, with strong year-to-date returns, favorable yield prospects, and opportunities for active management across sectors.
• Portfolio positioning reflects a growth tilt, with increased equity exposure — especially in software and healthcare — while maintaining diversification and valuation discipline.