Our Global Asset Allocation ('GAA') report reviews global events and markets biannually and offers an outlook in the following period. It also provides our recommended portfolio allocation to equities, bonds and cash for each half-year period. Typically, the report reviews global events and markets in the previous half-year and offers an outlook for the following period. It also provides our recommended portfolio allocation to equities, bonds and cash in the following half-year.

The global benchmarks against which we allocate resources and measure our performance at the end of the period are the Morgan Stanley Capital International World Equity Index for equities and the JP Morgan Government Bond Index for bonds.

Our research unit also provides detailed individual Country Reviews and Country Recommended Equity Portfolios for the economies we cover.