All Developed Market articles
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White papersUnified Global Alternatives – Hedge Fund Bulletin
Monthly Hedge Fund Update – September 2026: Risk assets generated mixed performance in September. During the month, the shifting expectations for US interest rate policy, heightened uncertainty in the Middle East and a strong US Dollar provided headwinds for markets.
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White papersDividends shine as tech cools
Markets are no longer convinced by AI spending alone. Investors now want evidence of cash flow and profitability. This is driving rotation into attractively priced, dividend-generating sectors that can also enhance diversification.
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White papersEquity Perspectives
Equity Perspectives outlines the current macro and market views from across Capital Group’s economists, portfolio managers and investment analysts. It offers insights on investors’ equity exposure against an ever-changing backdrop.
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White papersUS midterm elections: fiscal gridlock on the horizon?
US midterm elections will determine control of the House of Representatives and one-third of the Senate. All 435 House seats are up for election, along with 33 regular Senate seats.
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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 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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White papersEquity Outlook 4Q 2026: Rising Rates Shift the Balance of Risks
We believe a combination of higher yields, potential earnings growth pressure and overall market fragility has shifted the balance of risks. While we remain constructive on global equities, more caution appears warranted.
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White papersEquity Outlook: AI, Higher Rates Raise the Bar for Diversification
Global equities advanced in the third quarter as market returns broadened away from technology. But AI’s disruptive impact is spreading across sectors and industries—transforming the very nature of investment diversification.
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White papersCruising Altitude: Growth-Focused Governance Reform May Propel Japanese Equities to New Heights
Japan’s equity market appears to be entering the next phase of a two-decade structural transformation: Like a jumbo jet heading toward cruising altitude, we believe that ongoing growth-oriented governance and capital-management reforms may encourage…
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White papersChips and Frack: How the AI Boom Rhymes with the US Shale Cycle
Few investors would naturally put artificial intelligence data centers and US shale oil in the same frame. One is built on advanced semiconductors and software; the other on rock, steel and drilling rigs. But the economic pattern is familiar. A breakthrough changes what is possible, demand outruns supply, attractive profit pools emerge and capital floods in. Then capacity expands, costs fall and competition tests which businesses have durable advantages.
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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 papersEurope: Forging its own way
The number of challenges facing Europe only seems to grow. The Middle East conflict highlights Europe’s continued dependency on fossil fuel imports from the region, while the pace of its drive to expand renewable energy use has slackened.
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White papersOld ideas, new applications: the evolution of index and rules-based investing
In this article we explain how ideas with roots in the 1970s – from factor investing to the foundations of UBS HOLT – are being applied to modern index and rules-based strategies through new data, research and portfolio construction techniques.
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White papersBeyond Developed and Emerging
Country classifications are often presented as labels attached to markets. In practice, they are de facto allocation decisions. They determine which countries enter a mandate, where risk is reported and how capital is allocated amongst developed and emerging markets.
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White papersTechnology outlook: Balancing rapid growth with long-term valuations
Technological innovations are disrupting virtually every part of the global economy – from consumption, financial transactions, manufacturing, energy and more.
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VideoGemcast Episode 16: What it takes to prosper
In episode 16 of Gemcast, Sir Paul Collier, Professor of Economics and Public Policy at Oxford’s Blavatnik School of Government, joins Pranav Khamar and Tom Hughes to ask what really drives prosperity. They discuss how developing countries can achieve sustainable growth, why Africa’s demographic advantage is central to navigating global competition, and where private capital paves the way.
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White papersFrom AI ecosystems to industrial strength: The case for US small caps
The period spanning the second half of 2025 and the first half of 2026 marked a watershed moment for smaller US companies, as they outperformed their larger counterparts by some margin – putting the asset class firmly back on the map for investors.
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White papersIs your core US equity allocation ready for what’s next?
US equities often sit at the heart of most investment portfolios, but the US market today looks very different from the one that rewarded passive investors for much of the past decade. Concentration has reached historic levels, and early signs suggest leadership is beginning to broaden. That shift could have real consequences for how investors implement their core US equity exposure.
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PodcastA New Growth Plane for Japanese Equities
Japanese equities have undergone one of the most significant re-ratings in the developed world — but the story is evolving. The early phase was about leaner balance sheets and better capital management.
