MetLife – Relative Value & Tactical Asset Allocation, Oct 2025

The main theme of the report concerns the analysis of relative value and tactical asset allocation in the context of global economic strategy.

Key findings include expectations of turbulence in economic growth due to changes in US policy, which continue to affect global activity and inflationary risks. The impact of tariffs on economic data is expected to lag behind survey and other data, indicating an unlikely acceleration in economic activity in the near term. Opportunities are seen in sectors oriented towards intermediate terms as the steepness of the yield curve increases overall income.