Markets Edition: The Model Moment
KEY TAKEAWAYS
- The model-portfolio industry is witnessing exponential growth, with projections to reach $11 trillion by decade-end, reshaping asset allocation strategies and influencing ETF market flows significantly
- This expansion underscores the importance of customized investment solutions, driving major capital shifts across global markets and emphasizing strategic sector allocation, particularly in AI and defense
- Current portfolio positioning favors a 3% overweight in stocks over bonds, reflecting a constructive outlook for U.S. equity markets and targeted investments in growth-oriented sectors including AI
Scott Chronert, Head of U.S. Equity Strategy, sits down with Tushar Yadava, Head of Markets at BlackRock Model Portfolios, to discuss the substantial growth in the model portfolio business and its importance for asset allocation trends.
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Scott Chronert, U.S. Head Equity Strategy, Citi
Scott Chronert is a Managing Director at Citi Research serving several roles, including US Equity Strategist, Global Head of ETF Strategy & Analysis, and US Small/Mid Cap strategy. Scott assumed the US Equity Strategy role at Citi in October 2021. He brings a fundamental approach to assess the US equity landscape. Regarding ETFs, Scott and his team have been at the forefront of sell-side, institutional grade, analysis of the ETF ecosystem since 2012. His product covers all facets of ETFs, including broader industry trends, flow analysis, stock and market impacts, complemented with positioning views covering most asset classes and geographies. His work on US Small/Mid Cap provides a blend of top-down and stock-specific insight. Scott also contributes to Citi’s global equity strategy product. Prior to joining Citi Research in 2010, Scott spent more than 25 years in Institutional Equity Sales and Management roles (mostly at Citi). Citi was named Global ETF Research Provider of the Year 2019 by ETFexpress. Scott is a graduate of Dartmouth College, AB degree 1978 and UCLA Graduate School of Management, MBA degree 1980.
Tushar Yadava, Head of Markets at Blackrock Model Portfolios
Tushar Yadava is the Head of Markets for Blackrock’s Model Portfolios Solutions business within the broader Multi-Asset Strategies & Solutions (MASS) team. The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. His service with BlackRock began in 2006, which also includes his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Tushar studied at Royal Holloway, the University of London where he received both an MA, in European Business (awarded Merit Distinction) and a BSc, Economics and Management (with honors).
