All North America articles – Page 4
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White papersThe presence of absence
Powell will no longer speak from the podium, but by remaining on the Fed board, his voice remains.
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White papersU.S. Real Estate: Dispersion Shaped by Shocks
Macro shocks reinforce the importance of asset-level and micro-location relevance in a market defined by dispersion.
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White papersFed on pause, world on edge
The Fed held rates steady again, but the real story is what’s happening around it: oil prices near $100, geopolitical uncertainty, and mixed economic signals that are anything but straightforward. With so much in flux, knowing where to position a portfolio matters more than ever. Our latest outlook breaks down what the Fed’s decision means for investors and where we see opportunity across equities, real assets and fixed income right now. Read the full update to see what we’re watching and where we think value lies.
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White papersConsensus Indicators signal a K-shaped recovery in both Europe and the U.S.
InREV, the European Association for Investors in Non-Listed Real Estate Vehicles, recently published their Consensus Indicator for March 2026, revealing that sentiment remains positive but is moderating amid rising geopolitical and interest rate pressures.
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White papersFactory Reset: U.S. Manufacturing Turns Up
The manufacturing industry has been struggling since the pandemic. Various metrics, including industrial production and the ISM Manufacturing index, have been in contraction or decline for years.
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White papersThe Fed under pressure: Politics, power and the future of monetary policy
Before the war in Iran erupted, markets were occupied with the likely impact of Trump’s appointment of a potentially dovish loyalist as the new Chair of the Federal Reserve (Fed). While this conversation has faded somewhat into the background, it is arguably as important as ever.
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White papersREITs at new highs: Early expansion, not the end of the cycle
New market highs are often mistaken for late-cycle signals, but history suggests they more often mark the end of the beginning, not the beginning of the end. And in real estate market cycles, highs tend to occur not when risk is peaking, but when a prior valuation reset, early recovery dynamics, and strengthening fundamentals start to align.
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White papersAnalyzing the wall of maturities: The plural of anecdotes is not data
The so-called “wall of maturities” is a perennial source of investor anxiety: will refinancing risk create a wave of defaults? Given nearly $900bn of loans maturing in 2026 and more than $2tn coming due over the next three years, that concern is understandable. However, the experience of recent maturities suggests outcomes have been far less dire than feared and offers a useful roadmap for what lies ahead.
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Asset Manager NewsBlueberry acquisition strengthens permanent crop platform
The Kempen SDG Farmland Fund has taken another deliberate step in developing a long term platform built around productive farmland and high quality crops. The acquisition of the Pan American and Othello blueberry farms in the Pacific Northwest adds depth to the portfolio and strengthens the Fund’s position in a region known for reliable fruit production and strong local expertise. Together, the farms cover about 312 planted hectares and 405 hectares in total across Oregon and Washington.
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White papersState credit quality is strong despite a shifting landscape
U.S. state finances are in their strongest position in modern history, but that headline strength is only the beginning of the story. Nuveen’s latest research unpacks why record reserves, falling debt burdens, and improved pension funding create a compelling case for state municipal bonds, and why the differences beneath the surface make careful credit selection more important than ever. Read the full paper to understand what the data reveals and how Nuveen approaches credit research in today’s municipal market.
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People NewsHeitman Welcomes Sach Diwan as Chief Information Officer in Data and Technology Group
Heitman LLC (“Heitman”), a global real estate investment management firm, is pleased to announce the appointment of Sach Diwan as Chief Information Officer.
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White papersLarge Caps—Big Opportunity
Valuations in U.S. large cap stocks have fallen meaningfully, creating attractive, cross-sector opportunities. De-escalation in the Middle East conflict only supports this.
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PodcastHealthcare equities: Healthier prospects in 2026
Healthcare equities – especially in the US, by far the largest market – look set for a strong recovery in 2026. US Equities team Senior Portfolio Manager Jon Stephenson tells Investment Insights Centre Co-head Andy Craig that numerous factors should create a much more investable environment.
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White papersOral GLP-1 Is Here. Have Credit Markets Caught Up?
The FDA’s approval of oral semaglutide removes the injection barrier and may reprice credit exposures built on an older adoption curve.
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White papersUS Valuation Outlook: ODCE Index Poised for Next Chapter
Core real estate values stabilized in 2025 following a multi-year correction. The valuation adjustment now appears largely behind the market, and financial conditions improved as the year progressed. In tandem, underlying property performance strengthened and capital-market activity picked up.
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White papersHow North American insurers are positioning for 2026: From building to optimizing
One forecast is a data point. Two hundred and thirty-eight of them start to tell a story. Nuveen’s fourth annual EQuilibrium insurance survey reveals how North American insurers are navigating 2026: maturing their private credit allocations, quietly shifting geographic exposure and leaning into the infrastructure opportunities created by AI and the energy transition. Explore the full survey to see how your peers are positioning and what it might mean for your own outlook.
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White papersThe New Old Cycle
U.S. economic data, delayed by the prolonged fourth-quarter federal government shutdown, are slowly catching up to pre-shutdown release schedules and are revealing a mixed view of overall economic strength.
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White papersLA wildfires leave municipal credit largely intact
One year after the Los Angeles wildfires, municipal bond markets have experienced no payment defaults, while assessed property values show modest declines with gradual recovery expected as rebuilding progresses. This analysis examines the credit implications of the LA wildfires, California’s fiscal position amid technology sector revenue concentration, and Chicago’s ongoing budget challenges including rising pension obligations. These case studies illustrate how municipalities navigate natural disasters, revenue volatility, and structural fiscal pressures. Read the full analysis.
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White papersHow US midterm elections affect the markets
With everything happening in the world — from the US push to annex Greenland, to new tariffs against Europe, to military intervention in Venezuela — investors may not be focused on the US midterm elections just yet. But this pivotal contest is just 10 months away, and the campaign starts in earnest next month when President Donald Trump delivers the State of the Union Address.
