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White papersCore Matters: Riding the AI waves through thematic baskets
AI is driving one of the largest investment cycles in modern technology history. Global AI-related infrastructure investment in 2026 is expected to be around $1 trillion, of which the largest part is in the US1. The key investment question is whether AI demand can justify the scale of capital expenditure currently underway. So far, the evidence is encouraging.
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White papersAI boom or doom? Your questions answered
When French philosopher René Descartes wrote “I think, therefore I am,” he likely didn’t envision a future dominated by artificial intelligence. Yet as AI transforms society, company executives and inquisitive investors are wrestling with similarly fundamental issues about where the technology is headed and how events may unfold.
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White papersMeasuring risk in the private credit markets
The direct lending market has experienced significant growth and has become an important part of institutional investors’ portfolios, offering potentially attractive risk-adjusted returns with higher current income than most fixed income alternatives. For middle market direct lenders (“MMDLs”) such as Principal Alternative Credit (“PAC”), the ability to properly analyze the underlying risk profile of a borrower and protect against principal loss is the primary determinant of future returns.
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White papersRethinking Trend Investing: Alternative Signals, Not Alternative Markets
Inflation, geopolitical fragmentation and concentrated, AI-driven markets have put a premium on investors’ ability to navigate directional moves across asset classes. We think systematic trend-following strategies can help chart a course. But how they’re designed matters.
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White papersHave Rate Hikes Tipped the Scales Toward Value Equities?
In the AI-led markets of recent years, companies with distant profit potential have been favored. But higher interest rates could change the equation and create a new advantage for value stocks, whose businesses tend to have more visible cash flows in the shorter term.
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VideoThe constructive case for active management
What if the investing approaches that defined the last decade are less suited to the next?
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PodcastReading Between the (Credit) Lines: What it Takes to Succeed in Credit Research
Stephanie Foster, Senior Credit Research Analyst, discusses the importance of a consistent analytical process in credit research, the role of intuition and judgement, and the evolving nature of the finance industy. She emphasizes the need for networking, adaptability, and promoting the industry to younger generations.
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White papersWhy Private Markets Have a Role in Portfolios
Investors continue to raise their private markets allocations, and the evidence suggests good reasons for doing so. Headlines have focused on slower exits and on private equity trailing the largest public indices, yet a closer look at the data points to a more constructive picture.
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White papersInvesting, reimagined: Rethinking the building blocks of a portfolio
At UBS’s Unified Global Alternatives (UGA), we cater to growing client demand for multi-alternative solutions. So what are these solutions, and why are they becoming increasingly prominent in client portfolios?
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PodcastInflation-linked bonds: protection in a more volatile inflation world
Geopolitics, energy security, changing supply chains, fiscal policy, climate investment and increased infrastructure and AI spending could all contribute to a structurally more volatile inflation environment.
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White papersInvesting, reimagined
At UBS’s Unified Global Alternatives (UGA), we cater to growing client demand for multi-alternative solutions. So what are these solutions, and why are they becoming increasingly prominent in client portfolios?
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White papersMarkets weigh rising yields and AI exuberance
Market volatility has increased in recent weeks, particularly in bond markets. The MOVE index, a measure of expected volatility in US Treasuries, has been rising significantly, decoupling from the VIX equity volatility indicator in an unusual move. This is significantly different from the March volatility spike that affected both markets at the start of the Iran war.
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White papersMike Freno on Barings’ Approach to Growth
Chairman, President & CEO Mike Freno Mike Freno spoke with IPE about Barings’ approach to long-term growth and the evolving opportunity across private markets.
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VideoAI Financing Is Reshaping Corporate Credit
In episode 2, David Brown, Global Co-Head of Investment Grade and Multi-Sector, looks at the next phase of AI financing. As borrowing extends beyond the hyperscalers, what could change for corporate credit investors?
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White papersThe next phase of EM: AI, resilience and selective opportunities
Pulse on EM is UBS Asset Management’s regular emerging-market insights series, featuring expert views on EM equities, debt and multi-asset opportunities, with on-the-ground perspectives from our global investment teams.
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White papersThe Future of Fixed Income: From Income to Engineered Outcomes
Fixed income has changed dramatically over the past few decades. Advances in technology and access to new and more complex credit exposures have unlocked new ways to use the asset class.
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White papersValue investing in AI narrative-driven markets
As AI narratives accelerate, investors risk confusing technological inevitability with economic inevitability, Steve Magill argues: the key question is which business models will turn an AI reshaped economy into durable returns.
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White papersIndex investing is not index administration
‘Index 2.0’ allows investors to define what they own and why. We examine a route to index customisation that aims to keep the discipline of an index while minimising the administrative frictions of an index provider.
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White papersOption writing for income: From a single strategy to a comprehensive toolkit
Option writing has become an increasingly important strategy for investors seeking income when traditional sources of yield are insufficient or offer limited potential for capital growth. By selling options, investors receive an upfront premium in exchange for accepting defined trade-offs: call overwriting limits some of an equity portfolio’s upside participation, while put writing introduces additional downside market exposure.
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White papersRethinking emerging markets: diversification and growth opportunities in equities and fixed income
Growing global uncertainty around company valuations, monetary policy and business cycles is prompting investors to rethink their asset-allocation strategies – and emerging markets (EM) are ideally placed to benefit. Across EM, a number of factors are combining to create compelling diversification opportunities in both equities and fixed income.
