Nuveen explores how real assets fit into portfolios as inflation risks re-emerge, framing them as a potential diversifier across real estate, infrastructure, and natural capital. The paper challenges the assumption that traditional assets suffice, arguing inflation may be structurally higher than expected and real assets could behave differently depending on implementation.
Think Real Assets
Nuveen
James Colon
Research
16 Pages
Key Takeaways
Inflation Regime Shift: The paper suggests inflation expectations may rise above ~2%, challenging decades of stability and reshaping asset allocation assumptions across portfolios.
Real Assets Diversification: Real assets span sectors like infrastructure and farmland, which historically show lower correlation and can improve portfolio efficiency across multi-asset allocations.
Implementation Matters Most: Performance dispersion is meaningful, with differences across sectors and structures driving outcomes rather than broad asset class exposure alone.
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