All Global articles – Page 5
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White papersTariff fallout milder than feared, for now
In its latest World Economic Outlook, the IMF upgraded its 2025 global growth forecast to 3.2%. Global trade and financial conditions have proven resilient, helped by trade deals between the US and some of its trading partners. We believe the global trading system is bruised but not broken: roughly 70% of trade is flowing as before. An artificial intelligence–driven (AI) productivity upswing has also supported prospects for global growth.
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White papersPre-COP30 Investor Outlook: Key Themes for Belém
The 30th United Nations Conference of the Parties (COP30) is likely to deliver incremental rather than transformative progress, as most countries remain misaligned with the Paris Agreement and net-zero pathways.
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White papersUnderstanding the modern electrical grid
The electricity grid is at the heart of the clean energy transition and is undergoing one of the most significant transformations in its history. Understanding the modern electrical grid is no easy task, but it is a necessary one, as the grid plays a critical role in economic growth, energy security and decarbonisation. Read our white paper which examines how the grid works, the impact of renewables, the evolution of grid technology and how investors can participate in its modernisation.
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White papersBeyond the basics: How secondaries can enhance your investment strategy
The private equity secondaries market has evolved over the past two decades from a niche solution into a bona fide asset class. What was once largely reserved for distressed sellers is now a sophisticated, and in our view, essential component of portfolio management for investors and private equity (PE) sponsors alike. So, what is behind the current explosion of secondaries activity? In this paper, Nick Lawler examines secondaries’ performance over multiple market cycles, their persistent structural advantages, three common misconceptions, and why current market conditions present a particularly compelling entry point.
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White papersGlobal Outlook 2026
We expect that growth will be modestly positive throughout 2026. The wealthier strata of consumers continue to spend, supported by the strong market valuations and stability in the labor markets.
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Asset Manager NewsAccess Portfolio Acquisition
Barings has acquired a multi-let urban logistics and industrial portfolio comprising four assets. Located in high-demand urban submarkets where quality supply is scarce, the portfolio was purchased in June 2025 as part of a non-core investment strategy.
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White papersEquity Market Outlook 4Q 2025
In spite of concerns about AI-related valuations, we believe a strong economy—with monetary stimulus in the pipeline and still more to come—has set the stage for stronger equity performance in 2026.
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White papersHow much could AI drive future productivity?
It goes without saying that the US has been a dominant force in the global economy. The structural foundations of its long-term economic growth included a winning combination of superior productivity, a culture of innovation and risk-taking, and a stable, predictable regulatory framework.
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White papersGlobal equities overcome obstacles, remain in rally mode
Global equities delivered solid third-quarter results in 2025, with emerging markets leading non-U.S. benchmarks through nine consecutive positive months while U.S. shares rebounded from April’s tariff-driven selloff with the S&P 500’s best September since 2010. Despite diverging monetary policy, the Federal Reserve cutting rates to support a softening labor market while the ECB and BoJ held steady, equities rallied amid trade concerns and shifting earnings expectations. A broadly neutral stance balances growth-oriented U.S. technology stocks benefiting from AI with more defensive positioning in dividend growers, global infrastructure and utilities, which offer attractive income, lower volatility and exposure to rapidly expanding energy demand despite elevated valuations in some market pockets.
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White papersSoft signal: How Labubus became a barometer for the global economy
In 2025, few would expect a plushie keychain to offer a window into the state of the global economy. Yet, Labubus, by Chinese toymaker Pop Mart, have become an unlikely proxy for shifting consumer behaviour, the rise of cultural commerce and China’s expanding soft power, writes Noura Tan. Speaking to Jamie Zhou, a fund manager in the Asia Pacific Equities team, they unpack China’s next wave of consumer exports where sentiment drives strategy amid rising protectionism.
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White papersFrom electrons to photons: The next great compute transition
Computing has evolved through significant shifts in the medium and mechanisms of processing information, leading to transformative impacts on industries and economies. Carl Vine, Co-Head of Asia Pacific Equities, argues that another such change is happening now, with the use of photons. He explores what the transition from electrons to photons might mean for today’s dominant technology firms and who could win in the new photonics age.
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White papersIn it for the long haul: The private companies creating the future
As the world undergoes rapid transformation, the companies shaping tomorrow’s economy can often go unnoticed. Alex Seddon explores how private markets are now offering a unique opportunity for investors to align their savings with the economy of the future.
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White papersSeeing the Opportunity in Volatility
Recent volatility related to U.S.-China trade tensions and credit risk in the banking sector is a stark reminder of macro risks that continue to stalk global markets—and how hard and fast they can hit.
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White papersFixed income: Opportunity amid global divergence
Opportunity amid global divergence: Amid global policy divergence and persistent macro uncertainty, fixed income markets are entering a new phase of elevated yields, resilient fundamentals and wider dispersion—making active management and selective credit positioning key.
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White papersFixed Income Perspectives Q4 2025
Fixed Income Perspectives outlines the current macro and market views from across Capital Group’s extensive fixed income team and offers insights on investors’ bond exposure against an ever-changing backdrop.
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White papersQuarterly Equities and Multi Asset Outlook – Q4 2025
The recent flurry of AI deals, creating increasing interdependencies among some of the world’s largest AI players, is bringing back memories of the dot.com bubble. The key question in investors’ minds is whether we are now facing an AI bubble. The second derivative of the same question is whether we have reached a peak in equity markets overall, after a remarkable run. In our opinion, as is often the case, the answer’s not straightforward.
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VideoPortfolio Finance: 101
In this animated explainer video, we unpack what portfolio finance is, why it’s gaining traction, and how it’s helping investors tap into private markets with flexibility, diversification, and downside protection.
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White papersLessons from First Brands and Tricolor
While idiosyncratic issues seem to have driven these recent corporate failures, they serve as a reminder of the importance of credit risk as the cycle matures.
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White papersRebalancing Risk, Repositioning for Opportunities
After a couple of remarkably resilient quarters for the global economy and markets, the Asset Allocation Committee (AAC) maintains confidence in its overall medium-term outlook for growth and risk assets in parallel with applying more targeted exposure across asset classes and regions.
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White papersAI: Boom? Bust? Or Both?
Amid the AI frenzy are some early signs of the technology’s positive impact on productivity, raising profound implications for growth, inflation, labor markets, and asset prices.
