All Global articles – Page 10
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White papersEconomic outlook: Less uncertainty, healthy growth
If 2025 was the year that tariff-induced uncertainty upended the outlook for the global economy, 2026 could be the year that things come back into focus.
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White papersHedge funds: The Red Thread – Alternatives, Edition 2025/26
Despite recent data pointing to stagnating US labor demand and political impasses about elevated fiscal spending on both sides of the Atlantic, equity markets continue to march higher, while credit spreads remain firmly at historical lows. With most central banks appearing more dovish and with fiscal support well into 2026, recession odds seem muted.
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White papersPrivate credit: The Red Thread – Alternatives, Edition 2025/26
Despite the sensational headlines, the fundamental outlook for the corporate direct lending strategy remains stable. Company earnings have generally been positive, as the borrower universe has shown high single-digit EBITDA growth alongside stable, healthy margins. Furthermore, as we peel back the onion, the credit profile of the underlying borrowers has also remained strong.
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White papersPrivate equity: The Red Thread – Alternatives, Edition 2025/26
Heading into year-end, private equity investors have significantly more policy clarity than in H1 and it is mostly good news. A rocky tariff rollout in the US has created some winners (companies with limited exports, primarily home-country exposure and services) and losers, but increased clarity has undeniably helped markets.
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White papersPension Funds Letter 25 - Dynamic thinking - A playbook for pension resilience
Endurance has been a watchword for markets in 2025. As we shift to a multipolar world, this new regime is being driven by innovation and defined by, what we are naming, “controlled disorder”. Despite repeated shocks, the tech-led transformation, fiscal stimulus and industrial policy are sustaining economic activity. New winners are emerging. As we advance across this unfamiliar territory, diversification and selectivity remain the most effective defense.
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White papersDynamic asset allocation on the rise as pension plans face an era of controlled disorder
The new regime might well witness fiscal dominance, rising inflation, trade tensions and pronounced volatility.
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White papersWhy tokenise money market funds?
This document outlines what tokenisation is and how it can unlock new efficiencies for money market fund (MMF) investors.
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White papersGlobal real estate outlook – Edition 2025/26
The impact of tariffs is starting to feed through to US consumer prices, with the latest inflation print at 3.0% for September, up from 2.7% in July, but still below the 4.0% initially feared following the ‘liberation day’ announcements in April. We have yet to see the full impact of tariffs come through, with an expected one-off uptick in inflation, and there remains a constant threat of further changes to tariff levels.
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White papersStewardship 2026 Outlook:A systemic shift in a changing world?
The coming year will bring both challenges and opportunities. Artificial intelligence, the climate transition and the shifting sands of geopolitics will all play an outsize role but in 2026, investor stewardship will increasingly focus on systemic economic risks and opportunities alongside the financial performance of individual investments. For universal owners – those widely invested in the economy with long-term horizons – absolute returns will matter and not just relative performance. This means stewardship needs to extend beyond corporate engagement to include active participation in shaping policy and market best practices that create environments for companies to grasp opportunities sustainably and grow profitably.
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White papersGlobal Investment Views - December 2025
The year is drawing to a close with most risk assets in positive territory, and global stocks and metal prices seeing multiple highs. Even the longest US government shutdown in history didn’t curb market enthusiasm. We think markets have been looking through the weakness in the belief that monetary and fiscal policy levers will be available for support, that profitability of AI investments is almost a given, and that corporate earnings will continue to exceed expectations, following a strong results season in the US, somewhat less so in Europe. The tariffs’ impact on consumption is also largely being ignored.
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White papersGlobal Real Estate Outlook 2026: Real estate in the age of AI - Mapping tomorrow’s landscape
Real estate has been, and always will be, heavily influenced by structural changes. The rise of Artificial Intelligence (AI) is an increasingly important theme – one which is beginning to dramatically change our world and have widespread consequences for the sector.
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White papersAI Capex: It’s Not All or Nothing
Recent AI-related volatility across risk markets mixes signal with noise. The more important task is to recognize that we are in a multiyear buildout and to invest with that sequencing in mind.
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White papersHow US Dollar Weakness Could Buoy Emerging Markets
Emerging-market assets have benefitted from a softer dollar, which could remain weak for a while.
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White papersEmerging from Behind the Scenes: Finding Income Further Afield
Can investors tap the potential of developing world debt without taking too much risk? Liz Bakarich says yes.
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Podcast2026 Investment Outlook - Keep it turning - Global Investment views by Outerblue Convictions
In this month’s podcast, we take a longer view than usual, as we look at our market convictions and investment views for the next 12 months. Join our host, Swaha Pattanaik, for her regular catch up with Monica Defend, Head of Amundi Investment Institute, for a whistle-stop tour around the world and across asset classes to discover the key talking points from Amundi’s 2026 Investment Outlook.
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White papersWhy invest in sustainably managed timberland?
Unlock the potential of timberland investing. Discover how sustainable timberland investment can offer attractive risk-adjusted returns, reliable income, and real asset diversification—while acting as a proven inflation hedge investment. As awareness of the social and environmental benefits of natural capital investing grows, learn how timberland can support both financial performance and positive ecosystem impact.
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White papers2026 Emerging Markets Outlook
We believe there is room for rebalancing in emerging markets, which remain meaningfully under-owned and undervalued relative to their weight in the global economy.
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White papersQ4 2025 Global Trends and Tactics: Real estate opportunities and risks in the current environment
Discover the latest quarterly real estate market trends in our quarterly research report. Dive deeper into regional market and sector conditions to find out the tactics we incorporate into our investment decisions.
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VideoAI vs. Demographics: Jobs and the Meaning of Work
Explore AI’s impact on productivity and labor markets with Rick Brink and Inigo Fraser Jenkins. The US could benefit more than others, given its industrial composition, and AI’s social and political implications could be far-reaching. You’ll also gain insight into the strategic implications for US equities and AI’s role in shaping economic and investment outcomes.
