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Outlook.
The quarterly house view.
Vault's Investment Committee publishes its house view every quarter — thirteen asset classes with conviction tiers, three scenarios, a reviewed scorecard of its own past calls, and how the view compares with the world's largest managers.
Current edition
Investment Committee · Quarterly
Investment Strategy Outlook · Q3 2026 — Tightening Into TurbulenceThe Federal Reserve's first hike in three years, an oil shock in its seventh month, and equity markets a few per cent from a record. What the Committee sees, where it agrees, where it does not — and how that compares with the world's largest managers.
How it works
Conviction, not just direction.
Thirteen asset classes, polled member by member. Where the Committee is unanimous we say so; where it is divided we publish the split and the lean rather than manufacture a view.
A scorecard we publish on ourselves.
Every edition reviews the previous quarter's assessments against what actually happened — held, partly held, or missed — using the returns of the funds actually held.
Set beside the field.
The house view is benchmarked against nine of the world's largest managers — read at source — so you can see where we converge and where we have chosen not to.
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