Why we’re underweight stocks | 2026 Vanguard Economic and Market Outlook

Video Overview & Insights

Are you being adequately rewarded for equity risk? Vanguard models suggest not.

That’s why our time-varying portfolio currently has a tilt of 40% stocks and 60% bonds—more conservative than the traditional 60/40 balanced portfolio.

Roger Aliaga-Díaz, Vanguard global head of portfolio construction, explains how we’re balancing risk and return.

Explore our full 2026 economic and market outlook: https://vgi.vg/4q690TI

We are a community of 50 million who think—and feel—differently about investing. Together, we’re changing the way the world invests.

Join our online communities:

Facebook: https://vgi.vg/3sp0VLE

Instagram: https://vgi.vg/3x9JP8j

LinkedIn: https://vgi.vg/3mTH71Q

X: https://vgi.vg/32n6fEB

#VanguardInsights #VEMO

0:00 – Intro

0:14 – Balancing risk

0:38 – Bonds remain attractive

1:27 – A role for non-U.S. stocks