In recent years, Russell Investments has consistently advocated that investors consider a multi-asset approach to investing for a variety of reasons – one of the primary reasons to consider multi-asset is the “low return imperative.” That is, if returns from capital markets are likely to be lower going forward than they have been in the past, it is “imperative” that investors seek additional sources of return to improve the probability of achieving their objectives.

 This Viewpoint develops a case for multi-asset investing by calculating required return or “hurdle rates” for defined benefit, non-profit, and individual/defined contribution investors and discusses why it is “imperative” to consider all potential additional sources of return, including those that we believe are only available through a multi-asset approach.

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