White papers - all assets – Page 25
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White papersECB treads cautiously
The ECB kept policy rates unchanged at its September meeting, emphasising a data-dependent approach before deciding on further rate cuts.
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White papersThe Search for Goldilocks
Moving into the final quarter of the year, investors face a series of questions around key macroeconomic variables that will define the growth and risk asset outlook for 2026, and hope that the balance will get things “just right.”
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White papersA wheel opportunity: Premium tyre makers use EVs to inflate margins
The electric vehicle (EV) transition presents a significant opportunity for premium tyre manufacturers. EVs create unique demands on tyres that favour established industry leaders with advanced technological capabilities. At the same time, growing regulation and litigation on tyre particulate emissions, deforestation-risk rubber, and toxic tyre chemical compounds could reverse the market share growth of budget tyre entrants in Western markets.
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White papersAsia ex-Japan Equity Letter to Investors: Our intervention in South Korea and what it means for investors
In early 2024, we published a landmark report which outlined the shortcomings in South Korea’s corporate governance laws and proposed various solutions.
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White papersEngagement case study: Apple Inc.
How we engaged with one of the world’s largest technology companies.
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White papersReport: Sustainable Global Equity H1 2025
Achieving net-zero emissions requires bold, scalable solutions - and electrification is one of the most effective. In our latest report, the Sustainable Global Equity team explain why the shift from fossil fuels to electricity presents a compelling long-term investment opportunity.
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White papersBond markets fret over rising budget deficits
An uncertain economic backdrop continues to push up long-term government bond yields in comparison to short-term rates.
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White papersLiquidity: Looking on the bright side
Trump’s pressure on the Fed notwithstanding, the money markets have much to celebrate.
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White papersEM debt: Cautious confidence in a shifting landscape
As we enter the final quarter of 2025, emerging market (EM) debt continues to demonstrate resilience against a complex global backdrop.
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White papersGuess who is beating the Magnificent 7?
If you were hunting for a group of stocks to dethrone the Magnificent Seven (“Mag Seven”), there is a good chance European banks were not at the top of your list. But looking at returns over the past 12 months and on a year-to-date basis, that is exactly what has happened.
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White papersOversupply risks rise as oil demand softens: Quick takes on capital markets
Diverging inflation trends and weak growth leave the ECB cautious, as markets debate whether September marked the final rate cut—underscoring the uncertainty around Europe’s monetary policy path and its impact on investor sentiment.
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White papersThree reasons to invest in Infrastructure Debt today
We believe infrastructure debt offers distinct advantages in today’s market, combining resilience, structural diversification, and alignment with global megatrends. The points below highlight why we believe infrastructure debt is a compelling opportunity for long-term investors.”
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White papersAlternative realities: Behind the headlines of the private markets megatrend
Alternative investments have transitioned from peripheral allocations to central pillars of institutional and private wealth portfolios. Amid persistent inflation, rising interest rates, and global uncertainty, investors are questioning the viability of traditional 60/40 portfolios. The shift is driven by the need for diversification, durable yield, and reduced reliance on public markets. Structures like multimanager platforms, evergreen formats, and curated fund-of-funds are enabling broader access. Private market AuM reached USD 11.7 trillion in mid-2022, with private wealth expected to contribute up to USD 1.3 trillion by year-end. The focus is now on how best to allocate, not whether to do so.
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White papersGlobal Investment Views - September 2025
US equities touched new highs in August and European markets traded close to their March levels, while corporate credit spreads compressed over the summer. Sentiment was led by expectations for AI capital expenditure, a strong US earnings season, and a relatively dovish Fed at Jackson Hole. Markets seems to be ignoring the risks around economic activity (e.g., labour markets), political pressure on the Fed, fiscal deficits, and corporate margins.
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White papersSeptember ECB meeting: The end of the easing cycle… maybe?
The ECB kept rates unchanged in September, hinting the easing cycle may be ending as inflation slows and growth stabilizes, though risks from U.S. trade tensions and fiscal pressures linger.
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White papersInfrastructure: Stable, scalable and in demand
For institutional investors worried about long-term market volatility, infrastructure appears something of a panacea, offering diversification, stability and yield.
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White papersInvestment Update: Focus on mid-rent homes
“The demand for mid-rent homes in the Netherlands is higher than ever,” says Peter Koppers, Director of Investment Management, in Achmea Real Estate’s latest Investment Update. “Mid-rent offers starters and middle-income households access to affordable and good-quality housing, often in locations where work and amenities are close by. There are opportunities here for institutional investors: the combination of a stable return and a demonstrable social contribution makes this segment particularly attractive.”
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White papersHow to construct an alternatives portfolio - Beyond 60/40: Building resilience through diversified alternatives
For decades, the 60/40 portfolio – 60% equities and 40% bonds – was the cornerstone of wealth management. Yet, the traditional model is facing significant headwinds. Changing macroeconomic conditions, inflation uncertainty, and shifting equity-bond correlations have all eroded the reliability of this approach. In this context, alternative investments are gaining attention as a potential complement to traditional strategies.
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White papersUK long-dated yields at 25-year highs
Yields on long-term government bonds in developed markets have been rising this year. In the UK, 30-year gilt yields reached their highest level since 1998, driven by inflation worries and concerns over government debt — though the UK’s debt-to-GDP ratio remains below that of some large European countries. Structural changes, such as fewer pension scheme buyers, add further complexity.
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White papersJapan’s corporates are sitting on a potential $2 trillion real estate treasure trove
Japanese companies hold vast real estate assets, which are typically misvalued on their balance sheets. Carl Vine, Co-Head of Asia Pacific Equities, and William Montgomery, Senior Asia Pacific Equities Analyst, explore the often overlooked property treasure – potentially worth US$2 trillion – on Japan’s corporate balance sheets and ask who stands to benefit when it is unlocked.
