Market Insights

Investment Outlook 2025

Pushing the Boundaries

Our Investment Outlook covers all the big issues facing investors, from US economic policy and AI investing, to portfolio diversification, Chinese stimulus and European equity valuations.

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Foundations of Alternatives

Foundations of Alternatives seeks to demystify alternatives by highlighting five key pillars that are essential for understanding and navigating the alternative investment landscape.

Guide to Alternatives

Get insights on macro topics such as manager dispersion, while also diving into real estate, private credit, private equity and hedge funds and more.

Investment Principles

The key to successful investing isn’t predicting the future, it’s learning from the past and understanding the present. We present seven time-test strategies for guiding your clients.

Webconferences

Listen to recorded updates from our portfolio managers and market strategists and register for future editions. These materials are for financial professionals only.

Potential Republican sweep sends markets higher, but policy uncertainty looms

This paper, written by David Kelly, Gabriela Santos and Stephanie Aliaga, discusses the potential Republican sweep in the US elections, and the investment implications.

European economic recovery: Separating cyclical from structural weakness

Uncover the challenges and opportunities shaping Europe's economic future.

UK equity market: A value opportunity, not a value trap

Explore the UK equity market's potential for recovery. Learn how shifts in corporate behaviour, supportive policies and an economic upswing can help drive demand for UK stocks.

What can sustain the latest Chinese equity rally?

This paper addresses the impact of Beijing’s coordinated policies on the recent Chinese equity market rally, and the long-term investment implications.

Budget choices and challenges facing the new UK chancellor

Explore the fiscal challenges and tough choices facing the UK's new chancellor, Rachel Reeves, as she prepares her first budget.

The US Labour Market: Cooling, but not collapsing

Understand why the US labour market is cooling and what it means for the economy.

Does a slowing US economy challenge current earnings forecasts?

Explore our article on whether a slowing US economy challenges expectations for corporate earnings.

French elections 2024: What to expect when France votes for a new National Assembly

Read our latest On the Minds of Investors article to understand what the outcome of the French National Assembly elections could mean for investors.

The UK general election: Will all change mean no change?

We explore what the UK election means for the economy and markets.

Japan is changing – opportunities and risks for equity investors

Japanese equities are in the spotlight, but investors should be mindful of the risks as well as the opportunities

Implications of Middle East tensions for the global economy and markets

We explore the potential economic and market scenarios stemming from escalating tensions in the Middle East.

European stocks deserve more attention

Europe has made structural improvements and we think investors should sit up and take notice.

Opportunities in US stocks extend beyond the magnificent seven

We look at why we think investors should look to diversify their exposure to the magnificent seven US stocks.

China economy: stay patient for policy catalyst

This paper, written by Tilmann Galler and Chaoping Zhu, discusses the recent Chinese economic data releases and the investment implications.

China’s bumpy road to recovery

This paper, written by Chaoping Zhu, Marcella Chow and Tilmann Galler, discusses the outlook of China and policy implications.

Understanding small cap valuations

Understand the drivers of small cap valuations and find out why small cap stocks could still offer attractive opportunities for long-term investors.

Sustainability and portfolio returns

Read about the complex issues at the heart of measuring the financial impact of ESG investing.

India’s appeal to investors

This paper, written by Tai Hui and Tilmann Galler, discusses the outlook for India equities and the investment implications.

Green bonds: Is doing good compatible with doing well in fixed income?

Green bonds are attractive instruments for working towards positive environmental benefits. Find out why demand for green bonds from investors is expected to continue to grow.

A new supercycle – the clean tech transition and implications for global commodities

A forced and rapid energy transition is under way. Discover what impact this will have on commodity markets and clean energy investment opportunities.