Eaton Vance “The BEAT” covers Bonds, Equities, Alternatives, and Taxes. The BEAT quarterly webinar is designed to deliver expert investment insights and top asset allocation strategies. The series combines macro perspectives with practical portfolio considerations.
Looking Ahead to 2026: What Advisors Need to Know Now
Policy momentum, an evolving economic cycle, and continued adoption of next‑generation technologies are reshaping both risks and opportunities. Our upcoming webinar is designed to give advisors a clear, actionable view of what’s ahead—and where we see meaningful potential across asset classes.
The Economy: A Transition Toward a U‑Shaped Recovery
There are some indications that point to an economy that is steadily moving away from the uneven, K‑shaped dynamic of recent years. Instead, the data is coalescing around a more traditional U‑shaped recovery. Fiscal and monetary policy are aligned and pro‑growth, stimulus is weighted toward early 2026, and productivity is improving as deregulation takes hold. Labor and inflation trends continue to normalize. Taken together, these forces suggest the recovery may broaden—and possibly surprise to the upside.
Bonds: Pockets of Value in MBS and Emerging Markets Debt
Across fixed income, we continue to see attractive opportunities where valuations and fundamentals remain mispriced by the broader market. Agency and non‑agency mortgage‑backed securities offer compelling relative value supported by resilient credit profiles. In emerging markets debt, yield differentials and improving cross‑border flows set the stage for selective alpha—particularly at a time when investors are searching for durable income.
Equities: Late‑Cycle Behavior, Not a Late‑Cycle Ceiling
On the equity side, investors are asking the right question: late‑cycle, yes—but end‑of‑cycle, no. Monetary policy is accommodative, consumer stimulus is coming, and AI remains an early‑stage productivity story that continues to keep valuations in check. Conditions are in place for U.S. large‑caps to remain resilient while mid‑caps and select international exposures broaden the opportunity set.
Private Credit: Constructive Fundamentals and Elevated Yields
In private credit, the setup entering 2026 is favorable. Borrower fundamentals are strengthening, rate cuts are likely to be shallow, and lenders continue to command disciplined terms. The result: attractive all‑in yields and steady deal flow at a time when many traditional credit markets face valuation pressure. This remains an area where we see real opportunity for advisors seeking income with structural resilience.
Taxes: Year‑Round Planning That May Enhance After‑Tax Returns
Tax‑smart portfolio design continues to be one of the most under‑appreciated sources of advisor alpha. Systematic tax‑loss harvesting and ongoing tax management can materially improve client outcomes—particularly in an environment where dispersion across asset classes remains high. For 2026, a disciplined, year‑round approach to realizing losses, offsetting gains, and managing exposures will be essential.
WEBCAST – 4Q25 Eaton Vance’s The BEAT Quarterly Webinar
Date: January 13, 2026 • 12:00 PM ET
Join our investment experts as they discuss the outlook for the quarter ahead and ideas to help prepare portfolios.
Featured Speakers:
- Jim Caron: Managing Director, Chief Investment Officer of the Portfolio Solutions Group
- Andrew Slimmon: Managing Director, Head of Applied Equity Advisors Team
- Christopher Remington: Institutional Portfolio Manager, Director of Product and Portfolio Strategy
- Brian Smith, CFP®: Co-Head of the Wealth Strategies Group
- Andrew Szczurowski, CFA: Co-Head of Mortgage and Securitized
- Michael Occi: Chief Executive Officer for Direct Lending
Accepted for 1 CFP/ IWI / CFA CE Credit
About Eaton Vance
Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. With a history dating back over 90 years, Eaton Vance offers a diverse suite of actively managed strategies across equity, fixed income, multi-asset, and responsible investing disciplines. The firm is committed to delivering differentiated investment solutions, deep expertise, and personalized support to financial professionals and institutions worldwide.