Clearwater Analytics launches new duration activity index

Clearwater Analytics (NYSE: CWAN) released its 2026 Economic Outlook report, introducing the CWAN Duration Activity Index (CDAI) that tracks institutional investor positioning in fixed income markets.

The CDAI analyzes data from institutions managing over $2 trillion in combined assets and currently shows these investors are in "neutral" positioning, neither extending nor reducing their duration exposure as interest rates stabilize. The index examines six years of investment data from insurers, tracking their fixed income holdings and duration adjustments relative to historical patterns.

"Everyone has an outlook for 2026, but what makes ours different is pairing market commentary with a proprietary database no one else has," said Sandeep Sahai, CEO at Clearwater Analytics. "We're looking out at economic trends and looking in at how institutions representing trillions in assets are actually positioning their portfolios."

The report's findings indicate corporate treasurers have reduced cash allocations and extended duration in anticipation of continued Federal Reserve easing. The analysis shows an ongoing shift from public to private credit among insurers since 2018, predating the pandemic.

Data from the platform reveals institutions made net purchases of major artificial intelligence stocks in the second half of 2025, despite concerns about market valuations in the sector.

Matthew Vegari, Head of Research at Clearwater Analytics, noted the analysis draws from actual portfolio positioning rather than forecasting. "While recession fears continue, the economy continues to defy the odds. But the business and investment environment are by no means easy," Vegari stated.

The analysis utilizes data from Clearwater Analytics' platform, which processes over $10 trillion in global assets. The company will host a webinar on December 18 to present the complete findings and discuss the CDAI methodology.

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