Outlooks
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White papersForget the Magnificent 7: Meet China’s Terrific 10
China’s top tech firms are emerging as global contenders as President Xi Jinping aims to boost innovation and revitalize his country’s economy.
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White papersGlobal Investment Views - March 2025
In February, the markets have shown that love is in the air: despite new tariff announcements, inflation risks, and the DeepSeek shakeup, positive market sentiment continues to prevail.
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White papersThe Year of the Snake: Our outlook for China in 2025
As China enters 2025, its economic future will be influenced by market trends, policy changes, and the implications of Trump’s presidency. Hear from our China Equity team as they explore the key developments shaping markets and what investors should expect moving forward.
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White papersEverything you wanted to know about tariffs and trade finance
A new trade war between the US and China could have unexpected consequences.
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White papersTRTPM monthly blog – Edition February 2025: Our monthly insights into private markets
The start to the year saw a mixed picture in interest rate policy between the US and Europe. In January, the Fed opted to pause rate cuts as it awaits further progress on inflation, whereas the ECB cut eurozone interest rates by 25bps, and in February, the Bank of England (BoE) cut interest rates by 25bps. US and UK CPI inflation rose to 3% in January, driven by higher services inflation and food prices.
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White papersGerman Elections: Winds of Change
Germany is entering a pivotal moment in its political and economic landscape. With stagnating economic growth and pressing geopolitical challenges, the direction of its next government under Friedrich Merz is significant not only for the nation but also for Europe’s future economic and security prospects. The outcome of the weekend elections mean that a partnership between the CDU/CSU and former Chancellor Olaf Scholz’s centre-left SPD appears highly probable, with both parties aligning on key priorities like promoting more business-friendly policies.
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White papersForming coalition will be easiest of next German Chancellor’s many challenges
The centre-right Christian Democratic Union (CDU) and its sister party, the Christian Socialist Union (CSU), won the German election with 28.6% of the popular vote. CDU leader Friedrich Merz is therefore set to be the next Chancellor and will lead coalition talks to form a government at a time when Europe’s biggest economy faces economic, trade and geopolitical challenges.
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White papersThe Return of Mercantilism? Shifting Goalposts on Trade
President Trump made several changes to trade policy in his first term, and U.S. firms have adjusted accordingly. Trade exposure has shifted away from China, and investment abroad has shifted toward Europe and the Western Hemisphere.
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White papersA Growth Mindset
For more than two years, inflation news was the prime mover of market prices; we think last week confirmed that a new dynamic is in play.
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White papersGlobal preferred and capital securities remain attractive
Credit outlook: Remains stable, underscored by a robust U.S. economy
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White papersThe opening salvo in Trump trade war two
Markets were recently rattled by three executive orders announcing tariff increases on Mexico, Canada, and China, marking an opening salvo of President Donald Trump’s trade war. With Europe likely next in line, uncertainty remains high—despite a 30-day delay on tariffs for Mexico and Canada—fueling further market volatility.
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White papersTech sector in the spotlight
“DeepSeek, China’s new entrant in the field of artificial intelligence, has shaken the highly-valued US tech sector. Investors should continue to diversify* their equity exposures in search of more attractive opportunities at a global level.”
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White papersGlobal 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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White papersKey themes for 2025: Riding the real estate recovery
The painful reset of private real estate seems to be in the rearview mirror, and we expect 2025 to be a good vintage for real estate investment.
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White papersIs the Market too Concentrated? Exploring Opportunities Beyond the Top Stocks
There’s a lot of buzz about the market being too concentrated these days. But what exactly does that mean and what are the implications?
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White papersTechnology sector volatility: Investors spooked by China’s AI startup
Following a period of extraordinary growth the technology sector recently felt the brunt of market volatility on the back of a new, potentially game-changing innovation.
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White papersNo metals, no transition
Why investors should not overlook the critical metals value chain, a key enabler of the energy transition
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White papersNavigating the Tides of Political Transition
As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.
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White papersA Choppy Start to a Year of Uncertainties
The first two weeks of 2025 perfectly illustrate why we see a wide dispersion of potential outcomes for the year, and advocate staying nimble and diversified.
