All White papers articles – Page 14
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White papersInvestment Outlook 2026 – The shifting investment landscape
Against a backdrop of volatile geopolitics, tariffs, and policy shifts, the global economy enters 2026 with surprising resilience.
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White papersFall 2025 Private Markets Outlook: In an Inflection Year, Selection Matters More
Private markets appear to be nearing an inflection point, presenting both new opportunities and risks. We believe that’s when manager selection matters most.
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White papersEuropean equities - European strategic autonomy: A long-term investment opportunity
Europe is deepening its quest for strategic autonomy. What began as a post-pandemic policy slogan has evolved into a financial reality, with tangible investment implications – Europe now allocates billions annually to defence, industrial resilience, and key technology sectors.
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White papersU.S. Core Real Estate: A New Cycle Is Emerging
Clarion believes that the U.S. commercial real estate market is embarking on a new cycle. Following a phase of re-pricing and adaptation to elevated interest rates, private real estate, as represented by the national NCREIF property index (NPI), has posted multiple consecutive quarters of stable values and positive investment performance driven by income. The cycle is underpinned by, on one hand, a potentially more favorable outlook for capital markets, as the Federal Reserve has resumed interest rate reductions. On the other hand, stabilizing and strengthening demand fundamentals, along with diminishing supply-side constraints, should further support the new cycle. Liquidity has returned to the debt markets, and investor sentiment appears to be improving, especially for the sectors that continue to demonstrate operating solidity and strength.
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White papersUS equities - Artificial intelligence: Not a bubble… yet
Artificial intelligence (AI) is the most impactful digital transformation theme since the development of the Internet.
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White papersThink global beyond the tech race
“The tech capex supercycle is no longer just a US story — China is catching up, and global adoption across industries is turning this into a global opportunity.”
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White papers‘Controlled Disorder’ with room for accidents
We will remain in an environment of heightened geopolitical risk in 2026. This is a result of various megatrends still playing out, including: the transition to multipolarity, economic warfare, US–China competition, as well as the arms and technology race underway. The war in Ukraine and tensions in the Middle East are additional factors. As geopolitical risk remains elevated, so is the likelihood of downside surprises and tensions flaring up. However, geopolitics also defines trends that bring opportunities. While uncertainty will prevail, geopolitics in 2026 will bring both upsides and downsides for investors.
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White papersFixed income in the new policy order
We see a continuation of the diversification trend seen in 2026. Fixed income investors may be underestimating the risk stemming from US expansionary fiscal policy. We see opportunities in inflation break-evens, and yield curve steepening later in the year. Quality credit becomes a core allocation for fixed income investors, thanks to sound fundamentals and a better risk-return profile compared to Treasuries. European bonds remain a key call for 2026, with a focus on peripheral bonds and investment grade credit, particularly in financials.
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White papersKeep it turning
A spirit of endurance has characterized the market rally of the past year and looks set to persist in 2026. So will some of the asset price paradoxes that are emerging as the global economy transitions to a new innovation-led regime and as geopolitics enters a phase of controlled disorder.
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White papersMacroeconomic outlook: Surprisingly resilient
The global economy has proved surprisingly resilient in 2025. In the immediate aftermath of Liberation Day, the IMF forecast that the global economy would grow by 2.8% in 2025. It now expects global growth of 3.2% this year.
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White papers2026 Investment Outlook
A spirit of endurance has characterized the market rally of the past year. This looks set to persist in 2026 as the global economy transitions to a new innovation-led regime and geopolitics enters a phase of controlled disorder.
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White papersMarket Outlook - Global equities: The great divide
US equity market returns are likely to continue diverging along the lines of technology and the rest of the market: the Nasdaq 100 index delivered a 50% return from the post-Liberation Day lows to the end of October while the Russell 1000 Value index rose by less than half that. That outperformance continues a long-running trend.
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White papersIndustrial Real Estate: Short‑Term Uncertainty, Long‑Term Confidence
Industrial fundamentals have cooled as the sector works through excess supply built up following the pandemic and absorption softens as occupiers normalize to long-term trends and/or remain wary of macro risks. While demand indicators remain broadly positive and we are beginning to see green shoots in certain submarkets and size segments, headline rents are declining in some key markets, including Southern California. These market dynamics are raising questions among investors, especially as industrial now represents the largest portion of diversified indices (the expanded NPI’s allocation is ~33% as of 2Q 2025).
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White papersModern Logistics In Europe: A Timely Opportunity For Institutional Capital
As the new European real estate cycle takes shape, we continue to see logistics as one of the more attractive investment propositions, underpinned by three pillars:
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White papersISA Outlook 2026
As we draw the curtain on 2025 and optimistically await the premiere of 2026, we can’t help but be reminded of our similarly upbeat view last year. For this year’s outlook, LaSalle’s Research and Strategy team asks: Are we stuck in a “Groundhog Day” loop in real estate markets, or is this finally the dawn of a new cycle?
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White papersFrom alternative to essential: The expanding role of private market investing
The article argues that private-market real-estate investing is evolving from a niche alternative to a core pillar of diversified portfolios — driven by structural shifts, yield challenges in public markets, and growing investor demand for unlisted real-estate exposure.
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White papersInvestors reveal their top ESG investment themes and more
At a time of macroeconomic and geopolitical uncertainty, our fifth annual ESG Global Study finds that most investors remain committed to considering ESG issues in the investment process.
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White papersSecuring Compute, Scaling Demand: The Real AI Partnership Story
Strategic deals secure capacity and align multi‑year roadmaps as AI moves from pilots to daily workflows. More efficiency means more adoption, supporting sustained investment.
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White papersInnovation in the face of change
The real estate market has experienced significant changes in recent times, with many investors seeking innovative strategies to enhance their portfolios.
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White papersLogistics real estate in Europe on a growth trajectory
Demand for modern logistics properties in Europe remains high, and matters such as location quality, energy efficiency, automation and flexible use are continuously gaining in importance. Germany in particular plays a key role in this framework – as Europe’s largest logistics market and as a hub for international supply chains. Swiss Life Asset Managers, with a Europe-wide logistics strategy, is amongst those actively shaping this change.
