ASR's Quarterly Asset Allocation Survey - The Outlook for Financial Markets

Benchmarking Financial Probabilities

ASR's Quarterly Asset Allocation Survey helps global investors understand the consensus and distribution of current views in the market. The survey is unique in its ability to forecast the likelihood of certain financial events by mapping implied probabilities to the frequency of these events over the past decade.

LEARN MORE ABOUT IMPLIED PROBABILITIES

Q4 2025 - KEY STATS

256

Participants

Over USD $9 trillion

In AUM

Asset-Allocators "risk on"

65% expect Global Equities to outperform Global Bonds

65% probability that...

Global corporate earnings will be higher over the coming year

DOWNLOAD Q4's FULL REPORT

OUR METHODOLOGY

Survey of Probabilities

For over 10 years, ASR has surveyed CIOs and asset allocators on the financial market outlook for the next 12 months:

The survey serves is a Global Benchmark of Financial Probabilities
The panel is made up of c.230 responses, overseeing c.$9 trillion AUM

The survey requires respondents to assess the likelihood of various financial and economic events occurring in the next year, consisting of thirty questions with five options and assigned probabilities.

This approach calculates overall probabilities, providing a more advanced analysis compared to traditional surveys that work off of "net balance." These "implied probabilities" allow for comparisons with market probabilities, personal views, and historical baselines.

Participant

PARTICIPATE IN THE SURVEY

If you're interested in participating in future Asset Allocation Surveys, please use the form below to find out more about the 2026 Survey programme or to request a copy of archived survey results.