All Strategies articles – Page 23
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White papersInvestment case for water remains buoyant
Investing in the water value chain – including infrastructure, technology, and services – can help investors achieve sustainable returns over the long term. Now is a good time: valuations of high-quality companies demonstrating strong earnings growth, such as those our strategy targets, look compelling after a correction compared to the broader equity market.
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White papersActive Credit in 2025
Is volatility creating one of the best credit-picking opportunity sets in recent years?
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White papersIs there hope for the market?
While markets may still have room to grow this year, especially if earnings broaden beyond tech, tight valuations and rising policy uncertainty pose key risks. The path forward likely depends on earnings growth taking over—but missteps in fiscal or trade policy could derail that before it gains traction.
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White papersNavigating opportunities in a higher-for-longer market
Today’s landscape offers attractive income opportunities, with elevated real rates and resilient fundamentals supporting diversified sources like dividend equities, real assets, and high-quality bonds.
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White papersSix Impossible Things Before Breakfast?
The unwinding of “Trump trades,” a spike in volatility and the outperformance of European versus US equities have sparked debate about whether this is a tactical shift or the beginnings of a longer bearish trajectory for markets.
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White papersThe diverse economic impacts of artificial intelligence
AI uptake by companies and households appears to have increased significantly in recent months. This is one of the factors that will determine whether AI will increase productivity gains significantly. As we will show in this section, a lot of new data and statistics have been published over the past quarters, and related knowledge has improved.
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White papersRecession risks: Weighing policy uncertainty and market volatility
The U.S. economy faces pressure from tariffs, slower growth, and high valuations, unsettling markets and investors. A recession isn’t inevitable, though—strong consumer and corporate balance sheets and possible Fed support could help. While risks have grown, a recession shouldn’t be seen as the base case, but it also shouldn’t be ruled out.
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White papersGoing Global in Investment Grade Credit
Investment grade credit yields are attractive even though spreads are tight, and a global approach can add another layer of opportunity.
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White papersMr. Trump Goes to Washington
The new U.S. administration has promised many pro-growth policies, but can those ambitions survive the disruptive measures of its early months?
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White papersThe M&A Resurgence: Finding Opportunities in Fixed Income
After years of limited activity, companies are looking for a chance to accelerate M&A, but the new administration and its policies will likely set the tone for dealmaking.
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White papersMonthly Market Viewpoint – Not so exceptional after all
Declines in US equities over the last month were primarily a function of disappointing economic data and a partial ‘Magnificent-7 unwind’ rather than tariffs. Lately, it has been self-reinforced panic selling, which we expect will be reversed. We remain optimistic on the medium-term outlook.
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White papersNavigating fixed income in 2025: Key trends and insights
Fixed income presents a complex yet promising outlook for institutional investors. Martin Wiethüchter and Sandro Müller, Fixed Income Investment Specialist Group at UBS Asset Management, examine key developments and trends likely to shape the market in 2025 and beyond.
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White papersTrade tensions: Navigating market risks
Escalating trade tensions are injecting fresh volatility into markets. The U.S. trade deficit, which remains sizable with key partners like China, Mexico, and Europe, underscores the stakes in ongoing trade disputes. However, while tariffs could increase costs and disrupt supply chains, history suggests that markets adapt over time. A well-diversified portfolio remains the best defense against short-term uncertainty.
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White papersMarket uncertainty ramps up as geopolitical tensions rise
Market performance has been challenged over recent weeks. The more benign macroeconomic backdrop that investors had in mind going into 2025 has arguably been shattered. The US administration’s challenges to the global trading and security order have the potential to disrupt trade, capital flows, consumption, investment spending and government policy.
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White papersThe strategic and tactical case for loans
Floating-rate loans can offer attractive yields, low duration risk, and diversification benefits, making them a compelling option in today’s market
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White papersWhy global fixed income strategies are important in today’s market environment
With the macroeconomic environment becoming more uncertain, investors should be prepared for, and be able to adapt to, several potential outcomes in 2025.
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White papersOvercoming barriers to retirement savings: behavioural factors and existing schemes
Under-saving for retirement is a major issue for many economies. Benartzi and Thaler (2013) have long diagnosed a ‘retirement savings crisis’. In the US, according to the National Retirement Risk Index, 39% of working-age households will not be able to maintain their standard of living in retirement.
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White papersNon-investment grade infra credit can capitalise on mega-trends
Private infrastructure debt fundraising has historically been dwarfed by private infrastructure equity fundraising despite infrastructure projects being 60-80% debt financed. Nuveen’s Don Dimitrievich discusses why he expects that to change in Private Debt Investor’s 2024 Annual Review.
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White papersHidden Value: Tax-Loss Harvesting in Up Markets
Selling for tax purposes is not just viable during periods of market weakness.
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White papersMacro Monthly: American ‘Un’-exceptionalism?
Cracks have emerged in the US exceptionalism theme, with the S&P 500 index flat this year compared to the All Country World ex US index’s 6% performance. Markets such as the Eurostoxx 50 and MSCI China are up 11% and 18%, respectively, in just two months.
