All Commentary articles
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White papersWe Got the Beat
Allspring’s investment experts take the pulse on 2026, revealing strategic investment opportunities amid shifting global dynamics.
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White papersCould US GDP growth hit 5% this year?
The resilience of the US economy never fails to amaze me. Despite all the turmoil in the world, the US economy somehow manages to look past it, power through it, and come out stronger on the other side.
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VideoInnovation in late-stage private markets
Matt Witheiler, head of Late-stage Growth, highlights potential areas of innovation and hype in late-stage private markets, diving into AI’s impact on enterprise budgets and the evolving landscape of defense tech.
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VideoPrivate biotech innovation versus hype
Nilesh Kumar, Head of Biotech Private Investments, explores innovation in obesity, autoimmunity, and oncology, emphasizing drugs that solve real-world unmet medical needs.
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White papersIndia and EU trade deal: a look beyond financial benefits
On 27 January 2026, the European Union and India have formally concluded negotiations on a landmark free trade agreement (FTA), marking a major milestone nearly two decades in the making. Legal vetting—or “textual scrubbing”—is now underway, with both sides aiming to complete the process and sign the agreement within five to six months. Once ratified, the deal is expected to enter into force in early 2027.
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White papersWinners and Losers at the All-K Corral
Economic growth through the third quarter of 2025 came in above expectations and will likely end the year on a strong note. At the same time, the K-shaped economy is more present than ever: even outside the consumer. Most of our recent productivity gains have been concentrated in the information sector while others remain stagnant. Services industries continue to grow, but manufacturing has been in contraction for 34 out of the last 36 months. Large firms are also seeing strong profits, but small firms continue to struggle.
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White papersHow US midterm elections affect the markets
With everything happening in the world — from the US push to annex Greenland, to new tariffs against Europe, to military intervention in Venezuela — investors may not be focused on the US midterm elections just yet. But this pivotal contest is just 10 months away, and the campaign starts in earnest next month when President Donald Trump delivers the State of the Union Address.
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White papersGeopolitics, tariffs and market volatility
Markets were volatile in the past few days following a weekend escalation centred on President Trump’s threats to impose additional tariffs on eight NATO members unless the US was allowed to purchase Greenland from Denmark.
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White papersFrom hazard to value: turning climate science into financial insights
Climate risk is now a strategic priority: Climate risk is shifting from a peripheral concern to a core strategic priority. Volatile extreme weather, tightening regulation, and rising scrutiny around resilience are reshaping investment expectations.
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White papersPrivate markets demand can help to pave the long road to net zero
If allocating to private infrastructure stands to offer both ballast and buoyancy, then what’s behind this? In this article, IFM’s Andrea Mody looks at the global megatrends that are creating powerful tailwinds for the asset class, and driving interest in infrastructure among long-term investors.
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White papersUnlocking natural capital value
Institutional investors seeking resilient, future‑ready portfolios are turning to timberland and farmland—strategic assets that combine climate resilience, biodiversity, and long‑term value creation.
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White papersForests as a strategic investment
Wood is an important economic resource. Due to the growing middle class worldwide, there is increasing structural demand for wood. In this context, forests are becoming an attractive investment, ensuring long-term strategic access to wood in times of geopolitical uncertainty.
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White papersJourney to the Center of Additionality
Roughly 1½ years ago | visited forests in the Northern part of Finland with a client. After walking for just a quarter of an hour we saw two grouses, a hare, and heard plenty of birds singing. Suddenly our guests spoke out: “there is so much more biodiversity here compared to our planted forests.”
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White papers2026 Real Estate Market Outlook
The headwinds encountered for real estate investment over the last few years seem to be receding. Compared to the beginning of 2025, interest rates are lower, real estate liquidity is improving, the economy is growing, and new construction is decelerating materially.
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White papersCapMan Natural Capital – shaping the future of European natural capital investments
CapMan Natural Capital is a specialist natural capital asset manager focused on sustainable forestry investments across Europe. The investment team acquires and actively manages forest and land assets at scale with the objective of delivering long-term, risk-adjusted market returns alongside measurable environmental outcomes, including climate benefits and biodiversity enhancement.
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White papersCIM in Europe: Albert Yang on growth, innovation, and opportunity
CIM is an established US firm with a focus on private market investments mainly in the US. Headquartered in Los Angeles, it oversees c. $30bn in assets under management (as of December 31, 2025) with 9 offices globally and has over 30 years history of investing in real estate, infrastructure and private credit. The three founders have built a firm with their passion for development, operational expertise and remain active within the business.
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White papersQ4 2025 repo update
In the fourth quarter of 2025, fiscal risks took precedence over monetary policy moves which, due to clear forward guidance, didn’t offer many surprises. In the UK, much of the final quarter was dominated by Budget leaks and speculation, as the Government prepared it over a period of 12 weeks.
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White papersAsset Allocation Committee Outlook: 1Q 2026
The Asset Allocation Committee (AAC) continues to see opportunity in growth and risk assets over the medium term, even as elevated risks and increasingly divergent policy paths make the investment landscape more complex. We believe this environment rewards disciplined, selective risk-taking.
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White papersRipping up the rule book: politics, power and portfolios in 2026
Geopolitics has long been treated as an episodic risk, something that flares up, disrupts markets briefly and then fades into the background. Yet recent years have challenged that assumption. As power dynamics shift and long-standing beliefs about global stability erode, investors face a more complex environment, in which geopolitical, political and fiscal risks are no longer easily separated.
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White papersTreasury yields reflect a curious equilibrium to start the year
As we begin the new year, actual and implied volatilities in the US Treasury market have fallen to four-year lows, returning to levels that were common before the pandemic. Of course, the last four years included a number of disruptors: the inflation surge to multi-decade highs; the Federal Reserve’s (Fed) rapid tightening to suppress inflation; the Silicon Valley Bank crisis; President Donald Trump’s tariffs announcement; and the eventual Fed easing in response to weakening job creation.
