All Multi-Asset articles
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White papersMeeting climate targets: A more complex journey
As climate transition pathways become more fragmented, institutional investors are shifting from broad ambition to practical implementation. With 2030 targets drawing closer, investors need more flexible frameworks, broader portfolio tools and stronger governance to balance climate objectives with return, liquidity and real world constraints to navigate a more complex environment.
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White papersDC Members Have Clear Preferences Regarding UK Investments
Based on our latest YouGov survey of over 2,000 UK defined contribution (DC) members, many savers are receptive to the idea of supporting UK investment, but support weakens when it’s framed as coming at the expense of potential returns.
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White papersWho Should Own AI? An Open Letter
AI’s economic gains raise urgent questions about ownership, inequality and corporate power. Proposals for public stakes, taxation or regulation reflect concern that AI could deepen wealth concentration, weaken labor and shift power from governments to mega-cap firms. For investors, equities remain attractive, but rising fragility and political backlash may increase market volatility.
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White papersThe New Era of Income Investing
How to design income portfolios beyond traditional stocks and bonds.
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White papersThe lifecycle remix: glidepaths, personalisation and private assets
This paper explores how lifecycle investing is being remixed for a new era — through more sophisticated glidepath design, greater personalisation, and the expanding role of private assets in retirement portfolios.
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White papersRethinking diversification in a tightly linked global market
Despite the S&P 500’s resilience amid the Middle East conflict, its concentration remains a concern, underscoring the importance of diversification. However, achieving diversification has become more challenging as global markets remain interconnected through AI supply chains, reducing regional differentiation. At the same time, regions most exposed to the Middle East conflict have lost their appeal as effective diversifiers. Against this backdrop, investors must reassess their approach, with a focus on differentiated and independent growth drivers to build more resilient portfolios.
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PodcastDisrupting the world order
In this special edition, Sophie Dimopoulou, Head of External Distribution in Luxembourg, is joined by Professor Athanasios Platias, Professor Emeritus of Strategy at the University of Piraeus in Greece, and Daniel Morris, Chief Market Strategist at BNP Paribas Asset Management.
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White papersEconomic Update June 2026
Global markets are navigating an increasingly uneasy mix of geopolitical risk and shifting macro fundamentals. The escalation in the Middle East has reintroduced a stagflationary impulse via higher energy prices, yet risk appetite has remained resilient. Equities have pushed to new highs even as long‑end bond yields have climbed to multi‑decade levels, reflecting inflation, fiscal and policy uncertainty.
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White papersMulti-Asset Investments Views: From extreme caution to upside chasing
On 17 April, with the Iranian regime having confirmed US President Donald Trump’s claim that negotiations were indeed ongoing in a bid to put an end to the Middle East conflict, we increased our equity exposure to its maximum overweight.
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White papersCIO Weekly: In Search of Breadth
The equity risk premium has effectively vanished. While it is a signal worth heeding, it is not cause for immediate alarm, particularly for portfolios that are genuinely diversified.
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White papersExploring the Opportunity in Alternative Real Estate
Alternative real estate sectors are gaining traction. In this Q&A, Anar Chudgar explores what’s driving demand and how to underwrite these opportunities.
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White papersMulti-Asset Investments Views: Don’t look back in anger
From a financial market perspective, the Iran war closely resembles previous geopolitical shocks: a sharp but short‑lived sell‑off followed by a rapid and near‑complete recovery in risk asset prices.
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White papersFive dynamics shaping today’s investment landscape
Geopolitical risk, consumer strain, AI, policy limits, and the changing role of the United States are all shaping global markets. Markets are adapting to a regime shift in which macro, policy, and technology are colliding more directly—and more quickly—than investors have been used to. This set of five articles draws on Seema Shah’s (Chief Global Strategist at Principal Asset Management) discussion of the “five dynamics” shaping today’s investment landscape, translating those dynamics into practical frameworks for portfolio decision-making.
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White papersGlobal Investment Views - June 2026
Over the past month, stock and bond markets have been driven by diverging forces. Bond yields have risen at the short end due to inflation pressures and more hawkish central banks, while long-end yields have climbed on higher term premiums amid Middle East uncertainty and ongoing high fiscal deficits.
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White papersManaging and executing innovation in asset management
A Q&A with Mark Versey, CEO of Aviva Investors, and Alastair Sewell, Senior Investment Director
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White papersIslamic Global Listed Infrastructure Equities
Infrastructure equities can be play the role of “defensive engine” inside a diversified portfolio: they provide exposure to essential services—keeping the lights on, clean water flowing, goods and people moving, and data connected—often supported by resilient demand, predictable cashflows and above-average income potential.
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White papersInfrastructure outsourcing: Unlocking returns via scaled leasing
Infrastructure operators are increasingly separating ownership from operations to enhance flexibility and support long-term growth, unlocking attractive opportunities for institutional investors in scaled infrastructure leasing platforms.
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White papersInflation is back. Where next for investors?
The sudden Iran-led energy shock has clouded the macroeconomic outlook. However, this inflation spike is part of a wider post-pandemic inflation cycle and investors need to be aware high inflation is now structural, not transitory. Supply shocks, not global demand, are fuelling inflation, a backdrop compounded by geopolitics and a lack of fiscal levers available to governments.
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PodcastOuterblue Talks Research - Adapting to Ruptures - Diversification is the Key to this New Era
Long-term investing looks very different in a world defined by ruptures, from geopolitical fragmentation and strategic competition to artificial intelligence, demographic change and shifting currency dynamics. In this episode of Outerblue Talks Research, host Swaha Pattanaik speaks with Monica Defend, Head of the Amundi Investment Institute, and John O’Toole, Global Head and CIO of Solutions, about Amundi’s latest Capital Markets Assumptions (CMA) report and what it means for investors over the years ahead.
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White papersLong-term asset allocation – A resilient world
For all the shocks following the inauguration of Donald Trump as US president, the word most often used when discussing the economic outlook has been ‘resilience’. Neither US tariffs nor war have been able to derail global growth. Forecasts by the International Monetary Fund for economic growth over the next five years are largely unchanged.
