All Thematic Investing articles
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White papersFrom geopolitical shocks to structural repricing
Geopolitical disruption is no longer episodic, the authors argue. As energy security, supply-chain resilience and reserve diversification reshape capital flows, investors face the challenge of identifying markets still pricing in stability.
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White papersOpportunity demands selectivity: Quick takes on capital markets
Structural investment remains a powerful force across equity markets, which continue to be supported by spending on AI infrastructure, power, healthcare innovation, and industrial capacity. At the same time, higher rates and rising capital costs are widening the gap between companies that simply benefit from those trends and those that translate them into durable earnings growth. As dispersion increases, identifying quality businesses with pricing power, strong balance sheets, and disciplined capital allocation is becoming increasingly important.
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White papersThe new climate reality – investor realism and resilience in a changing world
Investor support for prioritizing climate change is rising again, as concerns around energy security accelerate the renewable energy transition, and as the physical effects of global warming are increasingly felt. It marks a turning point after several years of declining commitments, the Robeco Global Climate Investing Survey 2026 shows.
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White papersBGO 2025-2026 Sustainable Investing Report
Energy is rapidly emerging as one of the central constraints and opportunities in the modern economy
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White papersOne Health through the lens of today’s investment megatrends
The forces shaping human health outcomes are far broader than hospitals, pharmaceuticals and medical devices. Human health is dependent upon animal health and the health of the environment. Together the health of these three systems are inextricably intertwined, creating the One Health concept.
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White papersCore Matters: Riding the AI waves through thematic baskets
AI is driving one of the largest investment cycles in modern technology history. Global AI-related infrastructure investment in 2026 is expected to be around $1 trillion, of which the largest part is in the US1. The key investment question is whether AI demand can justify the scale of capital expenditure currently underway. So far, the evidence is encouraging.
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White papersAI boom or doom? Your questions answered
When French philosopher René Descartes wrote “I think, therefore I am,” he likely didn’t envision a future dominated by artificial intelligence. Yet as AI transforms society, company executives and inquisitive investors are wrestling with similarly fundamental issues about where the technology is headed and how events may unfold.
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PodcastThe AI Supercycle, Asia, and Why This Time is Different
For much of the past decade, the technology sector has been the dominant engine of equity market returns. This year it ran hot, and then over the summer the sector sold off sharply. Markets have since recovered, but that drawdown is still on investors’ minds.
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White papersIndia’s great transformation continues
India’s economy and financial markets continue to evolve. Government incentives and strategic investment are expanding domestic manufacturing, while rising incomes are shifting spending “from essentials to extras” and “from basic to premium”. Meanwhile, easier access for foreign investors and growing domestic participation are supporting the development of India’s financial markets.
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White papersHow fixed income investors can potentially capitalise on Europe’s strategic autonomy
The geopolitical landscape has undergone a significant shift in recent years, with global cooperation and multilateralism giving way to a more fragmented world.
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White papersKey Takeaways from Climate Week 2026
Climate Week NYC convenes leaders across business and government who are shaping capital, policy and markets. This year’s event, presented in coordination with the UN General Assembly, saw a range of experts addressing the shift from ambition to implementation…
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White papersChips and Frack: How the AI Boom Rhymes with the US Shale Cycle
Few investors would naturally put artificial intelligence data centers and US shale oil in the same frame. One is built on advanced semiconductors and software; the other on rock, steel and drilling rigs. But the economic pattern is familiar. A breakthrough changes what is possible, demand outruns supply, attractive profit pools emerge and capital floods in. Then capacity expands, costs fall and competition tests which businesses have durable advantages.
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White papersClimate investing in a constrained world
How structural bottlenecks are expanding the opportunity beyond cleantech to modernize systems running the physical economy.
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White papersValue investing in AI narrative-driven markets
As AI narratives accelerate, investors risk confusing technological inevitability with economic inevitability, Steve Magill argues: the key question is which business models will turn an AI reshaped economy into durable returns.
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White papersVirtual realities: AI’s collision with the physical, the finite and the human
For years, AI has been imagined as something ethereal – a virtual service summoned invisibly from ‘the cloud’. But behind every prompt sits a fast-growing base of physical elements. Olivia Muir offers a reality check by exploring the environmental, human and governance consequences of AI, as well as some investment implications.
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White papersEurope: Forging its own way
The number of challenges facing Europe only seems to grow. The Middle East conflict highlights Europe’s continued dependency on fossil fuel imports from the region, while the pace of its drive to expand renewable energy use has slackened.
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White papersThe Red Thread: Disruption 2.0 - 2026 edition
wo years ago, our Disruption edition argued that investors who weren’t thinking about disruption were neglecting their duties. The disruptor-in-chief since then has, of course, been artificial intelligence.
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White papersTechnology outlook: Balancing rapid growth with long-term valuations
Technological innovations are disrupting virtually every part of the global economy – from consumption, financial transactions, manufacturing, energy and more.
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PodcastInvesting in environmental solutions: Navigating a new era of resource scarcity
The global transition toward sustainability is facing a complex landscape. Geopolitical tensions and the AI revolution are redefining investment priorities. From the surge in energy demand driven by data centres to the urgent need for water security and food resilience, the environmental asset class is evolving rapidly.
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White papersMacro brief: AI in Europe Part 2 – Comparing capex and strategy
While estimates of AI spending across regions are hard to find, every available measure shows the scale of investment in Europe is an order of magnitude smaller than in the US and China.
