In times of uncertainty, good leaders lean into crisis and are able to fully engage, motivate, and inspire their team. The serious and stressful challenge of the COVID-19 crisis demands that leaders embrace flexibility, curiosity, and openness to diverse perspectives.

In this issue, Research Affiliates assesses risks facing the All Asset strategies and shares insights from its CEO on fostering a winning corporate culture.

The business case for diversity is compelling, but the investment case for diversity is less clear-cut. We suggest, therefore, that investors who seek to promote diversity and its business benefits combine diversity with known drivers of excess returns.