All Equities articles
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White papersGlobal Investment Views - October 2026
In September, global bond markets came under pressure amid inflation concerns and hawkish shifts by central banks, while equity markets remained relatively calm, supported by strong economic data and earnings, alongside renewed optimism around AI.
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White papersLatin America rising as a diversifier
“In a market shaped by AI, energy price uncertainty and re-routing, Latin American equities can offer diversification supported by attractive valuations and improving policy dynamics”
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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 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 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 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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PodcastFocus on the broader EM opportunity – not just the tech titans
Emerging market equities have staged a powerful comeback, led by AI-related companies in Korea and Taiwan. However, the bigger long-term EM opportunity favors a systematic, broad-universe approach.
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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 papersIndex investing has flaws. Institutional investors can do better.
Imagine receiving this pitch: “I have an investment strategy for you. It aims to provide a rough representation of the market. It is mostly rules-based, with some exceptions. We have no say in what we buy or sell. We outsource these decisions to another entity. They will tell everyone what ...
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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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White papersEmerging Markets Have Changed. Should Allocations Follow?
For years, global debt and equity investors have been voting against emerging markets (EM) through their allocation decisions. But today’s EM opportunity set looks very different from the one investors have been avoiding, backed by stronger fundamentals and diverse drivers of return potential.
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White papersMacro brief: AI in Europe Part 2 – Comparing capex and strategy
While estimates of AI spending across regions are hard to find, every available measure shows the scale of investment in Europe is an order of magnitude smaller than in the US and China.
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White papersFinal frontier: Six reasons to explore the space economy
Investor enthusiasm for space skyrocketed this spring when SpaceX launched its initial public offering (IPO) just weeks after NASA sent four astronauts to the far side of the moon.
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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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PodcastGoing the distance - Market perspectives into autumn - Investment views by Outerblue Convictions
After an eventful summer for the markets and policymakers, particularly in the bond markets, our podcast series regulars reunite to recap the major movements in the markets over the past few weeks. Listen further to discover what these market events mean for investors and our own investment views.
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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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White papersIran conflict: Diversification at play
“Diversification and selectivity could help navigate a period of increasing scrutiny over policymakers’ credibility and the sustainability of earnings in the AI ecosystem”
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White papersHarvesting the Valuation Gap: The Strategic Role of Crossover Equity
Promising companies are choosing to fund their explosive growth in the private markets, creating a potentially attractive arbitrage for experienced “crossover equity” investors.
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White papersUS vs. China: Who’s winning the AI race?
Thomas Edison had George Westinghouse. Apollo had Sputnik. Today’s artificial intelligence race between the United States and China may be the latest example of rivalry acting as a catalyst for innovation.
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White papersEmerging markets: One index, different destinies
For three decades, allocators have bought emerging markets on a narrative: faster growth, better demographics, and deeper integration into world trade. It was a convenient story, and it built a large asset class. However, treating EM as a monolith disguises the complexity inherent in investing in such a diverse universe and, in our view, limits your performance potential.
