Latest White Papers – Page 18
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White papersInvesting in unstoppable trends
Early in my career as an equity analyst covering newspapers and the Internet, I learned a valuable lesson.
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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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White papersResilient Emerging Markets in the Great Diversification
Despite ongoing geopolitical tensions and policy uncertainty, many emerging markets have demonstrated notable resilience, as recently noted by the IMF, driving strong year-to-date outperformance in both debt and equity versus developed markets. We believe we have entered an era in which geographic and sector diversification is back in focus amid geopolitical realignment, supply chain redesign and an intensifying technology race. This combination favours a reallocation to EMs at a time when these markets are supported by clear structural and cyclical drivers.
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White papersPowering the digital age: Data center trends and opportunities
The piece highlights the accelerating demand for data centers as critical infrastructure in the digital economy, pointing to potential long-term real-estate growth driven by technological adoption, cloud demand and structural shifts in real-assets use.
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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 papersU.S. CRE deal volume up 17% in 3Q 2025
MSCI Real Capital Analytics reports that U.S. commercial real-estate (CRE) transaction volume increased by 17% in 3Q 2025, with volumes year-to-date through September up 17% compared with the same period in 2024 — signalling renewed investor demand and confidence across most property types.
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White papersUnderstanding Europe’s lag in the AI-led equity landscape
Despite substantial AI research output, Europe’s equities underperform because the region struggles with converting innovation into profitable, scalable AI businesses — structural obstacles like regulation, insufficient funding, and weak infrastructure suppress the growth potential of AI-led companies.
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White papersEurope’s industrial backbone is eroding
Europe’s post-war prosperity was built on steel, chemicals, and autos. But that industrial backbone is now under strain. China’s state-backed industrial strategy has created overcapacity in sectors Europe once led. Coupled with the United States pivot to protectionism the global trading order is changing.
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White papersAmerica First policies: What are the global implications?
Through its tariff policy, the US administration is attempting to correct fundamental trade imbalances with the rest of the world. The US has the largest current account deficit globally, while countries such as China, Germany, and Japan boast meaningful surpluses.
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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 papersIn conversation with Daniel Sachs
Daniel Sachs is an established figure within the Swedish investment community. For the last 20 years, Daniel has led P Capital Partners (PCP), a provider of private credit solutions to entrepreneurs and family-owned businesses. With M&G Investments recently acquiring a majority stake in this business, Daniel spoke with Simon Sharp about his business career and why he thinks the opportunities within non-sponsored private credit are only set to accelerate.
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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 papersClass of ’25: 5 things I asked about you
Ever wondered what drives the people behind the portfolios? In this feature we pull back the professional curtain to reveal the personalities and philosophies of investors and leaders at M&G Investments. Pull up a chair and get some popcorn as we meet the minds behind the money!
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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 papersAsset Allocation Committee Outlook 4Q 2025
After a remarkably resilient performance in 2025 for the global economy and markets, the Asset Allocation Committee (AAC) maintains confidence in its overall outlook—continued strength in growth and risk assets over the medium term, with targeted tactical exposures across asset classes and regions.
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White papersCredit spreads: Is there something you’re not telling me?
Corporate bond markets are showing signs of complacency, with tight spreads masking deep macroeconomic and geopolitical risks. In a market facing elevated government debt levels, questions around central bank independence, as well as both macro and micro economic risks, Harriet Habergham unpicks how bond investors can navigate this environment.
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White papersComfortable being uncomfortable: Maintaining conviction
As an investor, you need to have an edge that allows you to build solid performance – if you don’t know what that edge is, or how to articulate it, you’ll likely deliver the same returns as everyone else
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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 papersHome away from home? Europe and APAC living sectors’ appeal amid US uncertainty
Amid economic fluctuations and fraying geopolitical ties, investors are reassessing their reliance on US assets. The unfolding ‘great rotation’ shifts attention toward Europe and Asia-Pacific, where the resilient residential or ‘living’ sectors within the real estate market present appealing returns in uncertain times. With secular tailwinds in housing supply and student mobility, Noura Tan asks, can these markets lead the way toward future growth?
