Clearwater Analytics Holdings, Inc. (NYSE: CWAN) released its 2026 Economic Outlook on December 9, 2025, and simultaneously introduced the CWAN Duration Activity Index (CDAI), a real‑time gauge of institutional duration positioning based on data from insurers and other asset managers that collectively oversee more than $2 trillion in assets.
The CDAI draws on Clearwater’s proprietary database of over $10 trillion in global assets and tracks how institutions are adjusting their fixed‑income duration exposure. The index shows that investors are currently in a neutral stance—neither extending nor reducing duration—despite market expectations of further Federal Reserve rate cuts. The neutral position reflects a balance between the desire for yield and the risk of rising rates, and it signals that institutions are waiting for clearer economic signals before making large duration moves.
The 2026 Outlook also highlights two key macro trends. First, private‑credit migration has accelerated since 2018, with institutions turning to private credit for higher yields; the report notes that net purchases of private‑credit funds turned positive in the second half of 2025. Second, AI investment is on the rise, with the outlook projecting that AI‑related equity purchases will double in 2025, driven by data‑center and cloud‑based AI deployments that are reshaping the technology sector.
CEO Sandeep Sahai said the outlook “pairs market commentary with a proprietary database no one else has,” underscoring Clearwater’s unique ability to translate raw data into actionable insights. Head of Research Matthew Vegari added that while recession fears persist, the economy continues to defy the odds, highlighting the resilience of institutional portfolios amid uncertainty.
By launching the CDAI and publishing the Outlook, Clearwater positions itself as a thought leader in institutional analytics. The index’s data‑driven view differentiates the firm from competitors such as BlackRock’s Aladdin, State Street’s Alpha, and SS&C Technologies, which lack the same breadth of real‑time duration data. The new tools also support Clearwater’s broader strategy of deepening client relationships and attracting new institutional clients seeking granular, real‑time market intelligence.
The Outlook follows the company’s Q3 2025 earnings, which showed strong revenue growth and EPS that met expectations. The new index and report reinforce Clearwater’s focus on leveraging AI and data analytics to provide forward‑looking insights, reinforcing its market position as a comprehensive analytics platform for institutional investors.
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