Content (1436)
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White papersAgentic AI for Financial Applications: A Comprehensive Survey
Language models have given rise to agentic AI: autonomous systems that pursue high-level goals through tool use, orchestration, and adaptation. Although prior surveys treat financial applications, agent architectures, and fine-tuning methods in isolation, this review integrates the full agentic stack.
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White papersFed on hold, markets in action
“As the Fed moves to reduce policy guidance, uncertainty over the short-rate path is likely to rise, creating additional volatility along the yield curve”
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White papersGerman reforms: what do they mean for European equities?
The reform plus fiscal package is genuinely large and potentially a regime change, but not yet an unqualified “buy Germany/Europe” signal. The principal upside risk is a confidence-led private capex cycle. The key downside risk is implementation failures and higher bond yields, which could turn a productive investment programme into a less equity-friendly fiscal expansion.
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White papersGrowing hopes for an industrial renaissance in Germany
Although the German economy is still characterised by a weak recovery, sluggish productivity and persistent supply constraints, the combination of an extensive infrastructure and defence spending programme and a package of 34 structural reforms is improving the medium-term outlook. While the direct impact on growth in 2027 is likely to be limited, more significant gains are expected over time, provided the reforms are implemented effectively.
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White papersGrowing hopes for an industrial renaissance in Germany
Although the German economy is still characterised by a weak recovery, sluggish productivity and persistent supply constraints, the combination of an extensive infrastructure and defence spending programme and a package of 34 structural reforms is improving the medium-term outlook. While the direct impact on growth in 2027 is likely to be limited, more significant gains are expected over time, provided the reforms are implemented effectively.
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White papersGlobal Investment Views - August 2026
July saw tensions flare once again in the Middle East. Markets questioned the feasibility of returning to a ceasefire, pushing Brent oil prices back towards $100. Previously, prices had fallen to pre-war levels due to effective rerouting efforts and a reassessment of supply risks.
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White papersHedge Fund Outlook H2 2026
Hedge fund (HF) performance remained strong in H1 2026. Industry alpha also stayed elevated. The quality of HF returns, combined with investors’ search for diversification and the headline noise surrounding private assets, has continued to attract flows into the industry.
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White papersRotations are playing out
In US equities, recent weeks have shown that despite low market volatility, single stock volatility is rising, as investors increase scrutiny. Market expectations for the upcoming earnings season are high, leaving the market vulnerable to some fragility in case of disappointment.
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White papersTensions flare amid fragile ceasefire
Tensions in the Middle East have resurfaced, underscoring the “fragile” nature of the recent de-escalation. The latest round of attacks may be tied to Iran’s effort to preserve its leverage over the Strait of Hormuz. Meanwhile, Trump may become more willing to escalate tensions while oil prices remain subdued. Still, both sides have reasons to remain at the negotiation table, as the US approaches midterm elections and Iran would benefit from economic relief.
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White papersInvesting in a ‘Low Trust’ World
Geopolitics shapes the backdrop for policy and business decision-making. It influences fiscal and industrial policy, public spending, inflation and interest rates. It shapes choices companies make, thereby affecting trade routes and supply chains too.
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White papersPension Funds Letter 27 - An Age of Empires: Retirement investing through a new era
We’ve entered an era of competing forces. Our systems and societies are being forced to adjust. Alliances and partnerships are changing shape. Power balances are shifting. At the same time demographics, technological advances and climate change are transforming the investment landscape. This year our annual Amundi World Investment Forum asked a question about this new era: Is it an “Age of Empires?”, where power and potential are being remastered into different forms?
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White papersPortfolio construction in an inflationary era
We don’t expect a 2022-style inflation shock, but we recognise that 2026 is no longer a normal inflation environment. In this regime, bonds may be less reliable as an equity hedge and portfolio construction needs broader inflation protection: selective risk assets, carry over duration, real and private assets, commodities and gold.
