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This Quarter ( 2026) Hide

Monthly Asset Allocation Update – April 2026

Our latest market perspectives and portfolio positioning insights

By Eva Wu

Eva Wu Associate Solutions Strategist

Previous Quarter (Q1 2026) Hide

31 March 2026 / From the Field

Looking through the crisis

Looking through the crisis: Asset Allocation Committee views

Looking through the crisis: Asset Allocation...

Multi-asset perspectives on the oil supply shock

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

25 March 2026 / Ahead of the Curve

War-driven energy price spike increases risk

War-driven energy price spike increases risk of central bank policy errors

War-driven energy price spike increases risk...

Energy price spikes are reshaping inflation and central bank policies.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

March 2026 / Monthly Market Playbook

Has the AI arms race changed mega-cap tech?

How AI has changed dynamics for mega-cap technology.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

March 2026 / From the Field

Divergent climate policies to drive a chaotic transition

Divergent climate policies to drive a chaotic...

Different EU and U.S. policy paths point to a bumpier transition.

By Maria Elena Drew

Maria Elena Drew Head, Global Sustainability

Monthly Asset Allocation Update – March 2026

Our latest market perspectives and portfolio positioning insights

By Michael Walsh

Michael Walsh Solutions Strategist

2 March 2026 / In the Loop

Conflict in Iran and the Middle East

Conflict in Iran and the Middle East—market implications

Conflict in Iran and the Middle East—market...

The outbreak of conflict in the Middle East will remain an immediate source of concern...

Emerging markets at an inflection point in global capital flows

Emerging markets at an inflection point in...

After a decade defined by US exceptionalism, the most important market signal today...

By Ernest C. Yeung

Ernest C. Yeung Portfolio Manager

February 2026 / From the Field

How the new AI economy is reshaping global credit markets

How the new AI economy is reshaping global...

Discover how AI-driven capital spending is tapping fixed income markets for funding.

By Mark Stodden & Tom Dignacco

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

February 2026 / From the Field

What’s behind gold’s surge—and what could end it

What’s behind gold’s surge—and what could...

Gold’s rally breaks old rules. Understanding what’s driving it matters more than...

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

Uncovering Opportunities in Emerging Market Debt

Uncovering Opportunities in Emerging Market...

Portfolio manager Samy Muadi highlights the attractive investment opportunities in...

By Samy Muaddi

Samy Muaddi Head of Emerging Markets

February 2026 / Monthly Market Playbook

Are Small Caps Finally Back?

Are U.S. small-caps finally back?

U.S. small-cap stocks have outperformed recently thanks to faster earnings growth.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

10 February 2026 / From the Field

Smarter alpha-Get more from a portfolios core

Smarter alpha: Get more from a portfolio’s core

Smarter alpha: Get more from a portfolio’s...

A strategy that blends the best of active and passive can help unlock risk-adjusted...

By Laurence Taylor & Andrew W. Tang

Monthly Asset Allocation Update – February 2026

Monthly Asset Allocation Update – February...

Our latest market perspectives and portfolio positioning insights

By Matt Bance

Matt Bance Solutions Strategist

6 February 2026 / In the Loop

Markets Weigh Impact of AI on Software Sector

Markets weigh impact of AI on software sector

Volatility among global technology stocks, and software stocks in particular, has...

5 February 2026 / From the Field

Health care’s next chapter: Opportunities in an era of transformation

Health care’s next chapter: Opportunities...

The outlook for health care is improving, fueled by innovation across several key...

By Salehin Rais, Michael J. Signore & Maggie Brady

February 2026 / From the Field

Revisiting asset allocation in an AI world

The AI boom has reshaped the stock market. Active risk management is more important...

By Christina Kellar, Som Priestley & Farris G. Shuggi

January 2026 / From the Field

Why The AI Capex Cycle Is Built To Persist

Why the AI capex cycle is built to persist

The scale of the artificial intelligence (AI) capex cycle can continue for the next...

By David J. Eiswert

David J. Eiswert Portfolio Manager

January 2026 / From the Field

Three imperatives in a new era for global retirement

Three imperatives in a new era for global...

Discover what we’re doing to build a more confident retirement future.

By Robert W. Sharps

Robert W. Sharps Chair of the Board, Chief Executive Officer and President

January 2026 / In the Loop

Greenland tensions: New tariff and trade worries for global markets

Greenland tensions: New tariff and trade...

Geopolitical tensions over Greenland, alongside tariff and trade concerns, has reignited...

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

January 2026 / From the Field

Why the stock market could broaden sustainably beyond U.S. large-cap...

Why the stock market could broaden sustainably beyond U.S. large-cap growth

Why the stock market could broaden sustainably...

The artificial intelligence (AI) arms race could contribute to a sustainable broadening...

By Tedd Alexander, David Corris & Brian Dausch

January 2026 / Ahead of the Curve

Yields poised to increase as global competition for capital endures

Yields poised to increase as global competition...

Explore why rising yields, robust U.S. growth, and volatility could shape fixed income...

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

Monthly Asset Allocation Update – January 2026

Monthly Asset Allocation Update – January...

Our latest market perspectives and portfolio positioning insights

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

5 January 2026 / In the Spotlight

Venezuela: Implications for Markets

Venezuela: Implications for markets

Initial impacts on markets from U.S. military intervention in Venezuela.

Q4 2025 Show

December 2025 / From the Field

Considerations for implementing the total portfolio approach to portfol...

Considerations for implementing the total portfolio approach to portfolio...

Considerations for implementing the total...

A growing number of asset managers are exploring the total portfolio approach for...

By Thomas Poullaouec, Richard Coghlan & Chester Cheng

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

December 2025 / In the Loop

History’s edge: Why Niall Ferguson wants us to take the long view

History’s edge: Why Niall Ferguson wants...

Understanding the past can give us a critical edge in spotting market shifts and...

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

December 2025 / Monthly Market Playbook

Has the AI boom turned into a bubble?

Some investors fear a repeat of the 1990s internet bubble. But fundamentals are stronger...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

December 2025 / Ahead of the Curve

How China’s capacity cuts could have global macro implications

How China’s capacity cuts could have global...

Disinflationary impulse from Chinese exports looks set to fade.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

The Analyst Spotlight: Utilities with Vineet Khanna

The Analyst Spotlight: Utilities with Vineet...

By Vineet Khanna

Vineet Khanna Investment Analyst

November 2025 / From the Field

HYPErscalers: Is the AI boom dot-com redux?

Artificial intelligence capex spending has reached astonishing levels, but the path...

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

November 2025 / From the Field

China 2026: A new cycle emerges

Chinese equities outperformed other markets in 2025. We expect a stable/improving...

By Wenli Zheng

Wenli Zheng Portfolio Manager

November 2025 / From the Field

AI: Potentially the biggest productivity enhancer since electricity?

AI: Potentially the biggest productivity...

Why AI may drive the most significant productivity surge since electrification.

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

November 2025 / On the Horizon

Amid stretched valuations, look to non-U.S. equities and local bonds

Amid stretched valuations, look to non-U.S....

U.S. dollar weakness could boost overseas currency exposure.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

November 2025 / On the Horizon

Stable rates and strong demand to boost private dealmaking

Stable rates and strong demand to boost private...

The drought in key deal markets is coming to an end.

By David M. DiPietro

David M. DiPietro Head, Private Equity team and a partner on the Private Opportunities Fund investment committee.

November 2025 / On the Horizon

Credit selection key while fiscal expansion pressures sovereign bonds

Credit selection key while fiscal expansion...

Non-investment-grade bonds and bank loans offer attractive yields versus equities.

By Paul Massaro & Kenneth A. Orchard

November 2025 / On the Horizon

Equity markets to broaden despite continued AI resilience

Equity markets to broaden despite continued...

There are growing opportunities in non-tech sectors and across regions.

By Josh Nelson & David J. Eiswert

November 2025 / On the Horizon

From hype to hard returns: AI enters a new phase

From hype to hard returns: AI enters a new...

The focus is shifting from potential to profitability—and risk.

By Dominic Rizzo & Mark Stodden

November 2025 / On the Horizon

Fiscal expansion to propel US economy in multispeed world

Fiscal expansion to propel U.S. economy in multispeed world

Fiscal expansion to propel U.S. economy in...

Other regions may lag as tariffs weigh on manufacturing.

By Blerina Uruçi, Tomasz Wieladek & Christopher J. Kushlis

November 2025 / In the Spotlight

Three big reasons why smaller stocks deserve attention

Three big reasons why smaller stocks deserve...

Discover why small- and mid-cap stocks appear poised for a rebound.

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

November 2025 / From the Field

Opportunities for positive biodiversity and clean water impacts in Braz...

Opportunities for positive biodiversity and clean water impacts in Brazil

Opportunities for positive biodiversity and...

Water infrastructure development in emerging markets: A growing theme in impact credit...

By Mariel Abreu & Ellen O'Doherty

November 2025 / From the Field

U.S. policy under Trump: What investors need to know Q4 2025

U.S. policy under Trump: What investors need to know

U.S. policy under Trump: What investors need...

We explore the policy changes that could matter the most for markets and asset allocation.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

November 2025 / From the Field

The market has left GARP behind. What can change that?

The market has left GARP behind. What can...

GARP investment has been out of favor in the current market regime. What caused that,...

By Josh Nelson & Stephon Jackson

An Introduction to the Emerging Markets Discovery Equity Fund

An Introduction to the Emerging Markets Discovery...

With Portfolio Manager Ernest Yeung

By Ernest C. Yeung

Ernest C. Yeung Portfolio Manager

November 2025 / Monthly Market Playbook

Should investors be worried about the U.S. labor market?

Should investors be worried about the U.S....

Slow U.S. employment growth does not appear to be a warning sign of recession.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

US All Cap Opportunities Equity Strategy Update

US All Cap Opportunities Equity Strategy...

By Justin P. White

Justin P. White Portfolio Manager

October 2025 / From the Field

Looking for income? Four bond solutions to consider

Looking for income? Four bond solutions to...

Fixed income can help investors with a variety of different needs.

By Kenneth A. Orchard

Kenneth A. Orchard Head, International Fixed Income

October 2025 / From the Field

Establishing industry best practice: A net zero methodology for soverei...

Establishing industry best practice: A net zero methodology for sovereign...

Establishing industry best practice: A net...

Sovereign debt integration within net zero strategies could be set to change.

By Tongai Kunorubwe

Tongai Kunorubwe Director, Research

AI and the Current Market Environment for Tech Stocks

AI and the Current Market Environment for...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

October 2025 / From the Field

Will China's anti-involution policy succeed?

Will China’s anti‑involution policy succeed?

Beijing has launched a new wave of supply-side reforms.

By Clarence Li

Clarence Li Senior Portfolio Analyst

October 2025 / From the Field

Why quality looks expensive in U.S. large caps and attractive in small...

Why quality looks expensive in U.S. large-caps and attractive in small-caps

Why quality looks expensive in U.S. large-caps...

Dislocated valuations signal opportunity in quality U.S. small-caps.

By Tedd Alexander, David Corris & Brian Dausch

October 2025 / Ahead of the Curve

Higher U.S. long‑term yields, steeper curve: Why my thesis still holds

Higher U.S. long-term yields, steeper curve: Why my thesis still holds

Higher U.S. long-term yields, steeper curve:...

Explore why longer-maturity U.S. Treasury yields could still increase.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

October 2025 / Monthly Market Playbook

Monthly Market Playbook: How investors can position for U.S. dollar wea...

How investors can position for U.S. dollar weakness

How investors can position for U.S. dollar...

Investors may want to increase their exposure to non-U.S. assets—especially bonds.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

October 2025 / From the Field

Finding clarity in a cloudy market

Three areas of high visibility amid policy uncertainty.

By Justin P. White

Justin P. White Portfolio Manager

Senior members can benefit from personalised asset allocation

Senior members can benefit from personalised...

By Sudipto Banerjee & Louisa Schafer

October 2025 / From the Field

Ten investing lessons from a master of probabilities

Ten investing lessons from a master of probabiliti...

Lessons in decision-making from a poker champion.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

October 2025 / In the Loop

U.S. Government Shutdown: Update

U.S. government shutdown: Update

Discover what the U.S. government shutdown means for markets and the economy.

Q3 2025 Show

September 2025 / From the Field

An Approach to Downside Risk Management for Multi-Asset Portfolios

An approach to downside risk management for multi-asset portfolios

An approach to downside risk management for...

Downside risk management strategies can help multi-asset portfolios deliver on their...

By Richard Coghlan & David Clewell

September 2025 / From the Field

Case for global equities: Enhancing opportunity, diversification, and...

Case for global equities: Enhancing opportunity, diversification, and risk...

Case for global equities: Enhancing opportunity,...

Global equities offer broader opportunities, greater diversification, and reduced...

By Jennifer O'Hara Martin

Jennifer O'Hara Martin Global Equity Portfolio Specialist

September 2025 / In the Loop

What could a U.S.-China trade deal mean for investors?

What could a U.S.-China trade deal mean for...

Explore what matters as U.S.-China economic competition evolves.

By Gilad Fortgang

Gilad Fortgang Associate Analyst

September 2025 / In the Spotlight

Beyond big tech: Why value stocks deserve a closer look

Beyond big tech: Why value stocks deserve...

Explore why global value stocks are gaining momentum as diversification becomes more...

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

September 2025 / From the Field

The greatest fixed income opportunity in decades?

The greatest fixed income investment opportunity in decades?

The greatest fixed income investment opportunity...

Significant implications for asset allocations if the 10-year U.S. Treasury yield...

By Jeff Helsing & Som Priestley

September 2025 / In the Spotlight

What do retirement investors really want? Quantifying income preference...

What do retirement investors really want? Quantifying income preferences...

What do retirement investors really want?...

Explore data-driven insights for better retirement income solutions.

By Berg Cui & Jessica Sclafani

September 2025 / Monthly Market Playbook

Have U.S. stocks become too expensive?

High U.S. equity valuations are supported by healthy fundamentals and booming investment...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

August 2025 / Ahead of the Curve

Are structural spread changes concealing value in credit?

Are structural spread changes concealing...

Structural changes in credit spreads may be concealing value in credit.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

August 2025 / From the Field

Drugging the undruggable: How biotech innovation is creating opportunit...

Drugging the undruggable: How biotech innovation is creating opportunities...

Drugging the undruggable: How biotech innovation...

A golden age of drug discovery creates opportunities in small- and mid-cap biotech...

By John Hall

John Hall Investment Analyst

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

August 2025 / From the Field

Bonds backed by franchise fees or internet bills? The rise of esoteric...

Bonds backed by franchise fees or internet...

Uncover unique opportunities in franchise- and fiber-optic-backed asset-backed securities...

By Walter Peppelman & Evan Shay

August 2025 / From the Field

CryptoFOMO: Why stablecoins are the GENIUS antidote to bungee jumping

CryptoFOMO: Why stablecoins are the GENIUS...

New legislation could bring digital assets into the mainstream.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

August 2025 / From the Field

A new era of global high yield: Stronger, larger, and more diverse

A new era of global high yield: Stronger,...

An allocation offers investors a potential source of attractive risk-adjusted income.

By Mike Della Vedova, Michael Connelly & Samy Muaddi

August 2025 / From the Field

Global impact multi-asset: Constructing a one-stop portfolio solution

Global impact multi-asset: Constructing a...

Uniquely integrating impact considerations with financial performance.

By Yoram Lustig, Eva Wu & Fatna Chelihi

August 2025 / From the Field

U.S. policy under Trump: What investors need to know

U.S. policy under Trump: What investors need...

We explore the policy changes that could matter the most for markets and asset allocation.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

August 2025 / In the Loop

Does the “One Big Beautiful Bill” = big beautiful profits?

Does the “One Big Beautiful Bill” = big beautiful...

Using the Kalecki-Levy framework to understand the profit implications.

By Steve Boothe & Thomas Heidenberger

July 2025 / In the Loop

Focus on what matters beyond the tariff deadline

Trade deals, fiscal stimulus, and AI excitement made this tariff deadline different.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

July 2025 / From the Field

How will the boom in U.S. government debt supply affect markets?

How will the boom in U.S. government debt...

U.S. Treasury debt issuance changes will shift market dynamics.

By Adam Marden & Pranay Subedi

July 2025 / From the Field

Active investing is suited to the challenging markets ahead

Active investing is suited to the challenging...

Changing market conditions will provide new risks and opportunities.

By Robert W. Sharps

Robert W. Sharps Chair of the Board, Chief Executive Officer and President

30 July 2025 / From the Field

A shifting macro regime is testing the traditional role of government...

A shifting macro regime is testing the traditional role of government bonds

A shifting macro regime is testing the traditional...

By Amanda Stitt

Amanda Stitt Portfolio Specialist

July 2025 / From the Field

How AI’s rise is changing the game for software companies

How AI’s rise is changing the game for software...

The AI revolution is shaking up the software industry. Which companies will get stronger?

By David R. Giroux, Michael J. Signore & Brian Solomon

July 2025 / In the Spotlight

Beyond the glitter: Why gold remains a strategic asset in today's marke...

Beyond the glitter: Why gold remains a strategic asset in today's market

Beyond the glitter: Why gold remains a strategic...

Discover the strategic value of gold exposure in diversified portfolios.

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

July 2025 / From the Field

What’s the outlook for the global energy transition?

What’s the outlook for the global energy...

Taking stock of the energy transition—are we making any progress?

By Maria Elena Drew

Maria Elena Drew Head, Global Sustainability

August 2025 / From the Field

Meet the Manager - Vincent Chung

Meet the Manager, Vincent Chung

Portfolio Manager, Diversified Income Bond Strategy

By Vincent Chung

Vincent Chung Portfolio Manager

July 2025 / From the Field

Investing in emerging markets debt

There are a number of ways to invest in emerging markets debt.

By Wenting Shen, Nathan Wang & Chester Cheng

July 2025 / In the Loop

125 years of returns: Timeless lessons in investing

125 years of returns: Timeless lessons in...

Short-term anomalies bring risks, but remaining on the sidelines is riskier.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

July 2025 / In the Loop

Market update: Tariff threats ramp up ahead of new August 1 deadline

Market update: Tariff threats ramp up ahead...

Forward earnings guidance to provide indications as to the impact of tariffs and...

By Toby M. Thompson

Toby M. Thompson Target Allocation Strategies Lead

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

July 2025 / Ahead of the Curve

Should we be more worried about US growth or inflation? Or neither?

Should we be more worried about U.S. growth or inflation? Or neither?

Should we be more worried about U.S. growth...

Explore U.S. economic trends: growth uncertainty and rising inflation risks.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

July 2025 / From the Field

Gone Private: Allocating to Private Credit in Multi-Asset Income Portfo...

Gone Private: Allocating to Private Credit in Multi-Asset Income Portfolios

Gone Private: Allocating to Private Credit...

Adding private credit to a multi-asset portfolio can enhance yield and diversification

By Richard Coghlan & David Clewell

July 2025 / Monthly Market Playbook

Taking a measured approach with high yield bonds

Taking a measured approach with high yield...

Explore high yield bonds as an attractive alternative to expensive U.S. stocks.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

July 2025 / From the Field

How our sustainable bond framework can drive real impact

How our sustainable bond framework can drive...

Our model helps to evaluate impact bonds and the additionality of the projects they...

By Matthew Lawton & Ellen O'Doherty

July 2025 / From the Field

How the U.S. tax bill could impact the economy and bond markets

How the U.S. tax bill could impact the economy...

Fiscal concerns likely to persist amid a lack of near-term plans to address the deficit.

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

Q2 2025 Show

June 2025 / From the Field

Restoring America's nuclear energy capacity—Digging in to potential imp...

Restoring America’s nuclear energy capacity—digging in to potential impacts...

Restoring America’s nuclear energy capacity—diggin...

Recent executive orders from the White House call for the quadrupling of U.S. nuclear...

By Rick de los Reyes & Vineet Khanna

June 2025 / From the Field

Investing in emerging markets equity

There are a number of ways to invest in EM equities

By Wenting Shen, Nathan Wang & Chester Cheng

June 2025 / From the Field

CryptoFOMO: Decoding the lexicon of digital currencies

CryptoFOMO: Decoding the lexicon of digital...

A neophyte’s journey to understanding cryptocurrencies (part II).

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

18 June 2025 / In the Loop

What happens next in the Israel-Iran conflict

What happens next in the Israel-Iran conflict: Four potential scenarios...

What happens next in the Israel-Iran conflict:...

The conflict is a highly fluid situation with various potential geopolitical outcomes.

By Razan Nasser & Peter Botoucharov

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

June 2025 / From the Field

Policy shifts shed new light on global equity opportunity set

Policy shifts shed new light on global equity...

Policy changes, geopolitical concerns, and potential paradigm shifts will demand...

By David J. Eiswert

David J. Eiswert Portfolio Manager

June 2025 / From the Field

China: Uncovering opportunities amid tariff truce and beyond

China: Uncovering opportunities amid tariff...

With lingering uncertainties from tariffs, we assess their potential impact on the...

By Wenli Zheng

Wenli Zheng Portfolio Manager

June 2025 / From the Field

An anatomy of tariffs: History, theory, and prognosis

An anatomy of tariffs: History, theory, and...

Lessons for navigating an era with higher trade barriers

By Justin Thomson & Tomasz Wieladek

June 2025 / On the Horizon

Summary with Investment Specialist Ritu Vohora

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

June 2025 / From the Field

Policy risk in U.S. health care: Impacts less than feared despite the...

Policy risk in U.S. health care: Impacts less than feared despite the noise

Policy risk in U.S. health care: Impacts...

With any new administration comes policy risk. For the U.S. health care sector, this...

By Jill Jortner

Jill Jortner Investment Analyst

June 2025 / On the Horizon

Investing in a post-globalisation world

Investing in a post‑globalisation world

2025 Midyear Market Outlook

By Eric L. Veiel

Eric L. Veiel Head, Global Investments and CIO

June 2025 / Monthly Market Playbook

Monthly Market Playbook: Caution: stocks could face speed bumps ahead

Caution: Stocks could face speed bumps ahead

U.S. equities have rallied due to decreased tariff fears. But we remain cautious.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

June 2025 / On the Horizon

Inflation protection and equity diversification to drive asset allocati...

Inflation protection and equity diversification to drive asset allocation

Inflation protection and equity diversification...

Previously unfavored assets are becoming more attractive

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

June 2025 / On the Horizon

Bonds with credit risk may outperform government debt

Bonds with credit risk may outperform government...

Tariffs and German fiscal reform have shifted bond landscape

By Paul Massaro & Kenneth A. Orchard

June 2025 / On the Horizon

Equity markets to broaden further

An expanding opportunity set is expected to occur within the U.S. and overseas

By Josh Nelson & Scott Berg

June 2025 / On the Horizon

Trump’s tariffs will hit the U.S. economy hardest in the near term

Trump's tariffs will hit the U.S. economy hardest in the near term

Trump's tariffs will hit the U.S. economy...

No region will be unaffected in battle of heavyweights

By Blerina Uruçi, Tomasz Wieladek & Christopher J. Kushlis

June 2025 / Ahead of the Curve

U.S. dollar negatives to take precedence in longer run

U.S. dollar negatives to take precedence...

Explore the evolving dynamics impacting the U.S. dollar's future.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

May 2025 / From the Field

Beyond sequencing risk: Dynamic withdrawals for retirement

Beyond sequencing risk: Dynamic withdrawals...

We believe dynamic withdrawal strategies can help improve retirement outcomes.

By Eva Wu & Berg Cui

May 2025 / From the Field

Safe havens in 2025? It's a complicated relationship

Safe havens in 2025? It's a complicated relationsh...

Explore risk-hedging opportunities in an increasingly complicated market environment.

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

May 2025 / In the Spotlight

A five-dimensional framework for retirement income needs and solutions

A five-dimensional framework for retirement...

A new tool to help DC plan sponsors evaluate retirement income solutions for their...

By Jessica Sclafani & Berg Cui

May 2025 / From the Field

Partnering for impact and innovation: A closer look at impact outcome...

Partnering for impact and innovation: A closer look at impact outcome bonds

Partnering for impact and innovation: A closer...

Partnering with supranational organizations can play a key role in accessing innovative...

By Matthew Lawton & Ellen O'Doherty

20 May 2025 / From the Field

Perspectives on securitized credit

Securitized credit markets posted relatively resilient performance in the first quarter...

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

May 2025 / In the Loop

U.S. economy at a crossroads: Inflation, trade realignment, and the roa...

U.S. economy at a crossroads: Inflation, trade realignment, and the road...

U.S. economy at a crossroads: Inflation,...

Fiscal stimulus should be supportive, but inflation and trade uncertainties remain...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

May 2025 / From the Field

Dynamic markets may favor a hybrid of active and passive investing

Dynamic markets may favor a hybrid of active...

An active-enhanced index strategy has the potential to add value in a variety of...

By Tamzin Manning

Tamzin Manning Portfolio Specialist

May 2025 / From the Field

How to effectively manage interest rate risk in today’s world

How to effectively manage interest rate risk...

With volatility likely to persist, an active approach remains critical.

By Amanda Stitt

Amanda Stitt Portfolio Specialist

May 2025 / Monthly Market Playbook

Are U.S. Treasuries still a shelter from recession?

Are U.S. Treasuries still a shelter from...

Tariffs and Fed policy uncertainty have undermined the traditional role of U.S.Treasuries.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2025 / Ahead of the Curve

Tariffs add to a toxic combination for U.S. Treasuries

Tariffs add to a toxic combination for U.S....

Explore the impact of tariffs on inflation and U.S. Treasury yields.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

April 2025 / From the Field

The "Magnificent Seven," equity market concentration, and portfolio str...

The “Magnificent Seven,” equity market concentration, and portfolio strategy

The “Magnificent Seven,” equity market concentrati...

The outook for equity market concentration and how to address it in active portfolios.

By Peter Stournaras

Peter Stournaras Co-Head, Global Equity Portfolio Management

24 April 2025 / From the Field

Adapting to structural market changes

Structural market changes require an understanding of risks and adapting old strategies

By Tedd Alexander, David Corris & Brian Dausch

April 2025 / From the Field

Three reasons to consider T. Rowe Price Diversified Income Bond Strateg...

Three reasons to consider T. Rowe Price Diversified Income Bond Strategy

Three reasons to consider T. Rowe Price Diversifie...

Seeks to provide high yield‑like returns with investment‑grade levels of risk.

By Kenneth A. Orchard & Vincent Chung

24 April 2025 / In the Loop

Tariffs create uneven outcomes but they can also present opportunities

Tariffs create uneven outcomes, but they can also present opportunities

Tariffs create uneven outcomes, but they...

Tariffs create uneven outcomes, but policy changes present opportunities for active...

April 2025 / From the Field

Charting progress: As bond issuance climbs, what's next for the blue...

Charting progress: As bond issuance climbs, what’s next for the blue economy?

Charting progress: As bond issuance climbs,...

While blue bonds are still a relatively nascent type of sustainable debt, the market...

By Willem Visser

Willem Visser Sector Portfolio Manager

April 2025 / From the Field

Five rules for investing in volatile times

What past crises can teach us about investing during market stress.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

April 2025 / From the Field

The rise of public and private credit opportunities in the evolving mul...

The rise of public and private credit opportunities in the evolving multi-asset...

The rise of public and private credit opportunitie...

Explore diverse credit opportunities in evolving multi-asset investing.

By Ayinde Kazeem & Christopher P. Brown

April 2025 / From the Field

The losers and (relative) winners of Trump's shapeshifting tariff war

The losers and (relative) winners of Trump’s shape-shifting tariff war

The losers and (relative) winners of Trump’s...

The proposed levies will hit hard if imposed after the 90-day pause.

April 2025 / In the Loop

What’s behind the U.S. Treasury market’s roller coaster ride?

What’s behind the U.S. Treasury market’s roller-coaster ride?

What’s behind the U.S. Treasury market’s...

Abrupt moves in the wake of the tariff announcement garner significant attention.

By Adam Marden & Pranay Subedi

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

April 2025 / From the Field

Will we escape the non-U.S. stocks value trap?

Will we escape the non‑U.S. stocks value trap?

Will we escape the non‑U.S. stocks value...

European stimulus could be a game changer for undervalued non-U.S. stocks.

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

April 2025 / In the Loop

Stay invested: The cost of cashing out during a market selloff

Stay invested: The cost of cashing out during a market sell-off

Stay invested: The cost of cashing out during...

Market timing can lead to missed rallies and lower returns. Stay invested for long-term...

By T. Rowe Price

T. Rowe Price

April 2025 / From the Field

Smart diversification in an age of U.S. exceptionalism

Smart diversification in an age of U.S. exceptiona...

U.S. exceptionalism has contributed to a strong U.S. bias in many investor portfolios,...

By Nate Pfeiffer

Nate Pfeiffer Lead Analyst

April 2025 / From the Field

What tariffs could mean for your wealth

The “Liberation Day” announcements have unleashed a maelstrom.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

4 April 2025 / In the Loop

Trump’s tariffs: More detail, less certainty

Economic pain eventually could lead to tariff relief, but a return to normal seems...

By Gilad Fortgang

Gilad Fortgang Associate Analyst

April 2025 / Monthly Market Playbook

Tariffs: What investors need to know

Explore the potential effects of expanded tariffs on U.S. and global markets.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

April 2025 / In the Loop

Market Update: Shock and Awe

Market update: Shock and awe

Investors are reeling from the worse-than-expected level of tariffs announced on...

April 2025 / From the Field

The power of a global multi-sector bond solution in today's markets

Agil, global, diversifiziert: Die Kraft der Multi-Sektor-Strategie

Agil, global, diversifiziert: Die Kraft der...

Globale Diversifikation, flexible Allokation – so nutzen Sie Ertragspotenziale und...

By Kenneth A. Orchard & Vincent Chung

Q1 2025 Show

March 2025 / From the Field

Will President Trump's reshoring policies fuel an industrial accelerati...

Will President Trump’s reshoring policies fuel an industrial acceleration?

Will President Trump’s reshoring policies...

New policy measures could provide the catalyst to address long-term trends.

US High Yield Bond Strategy

By Kevin Loome

Kevin Loome U.S. High Yield Portfolio Manager

Global Multi-Sector Bond Strategy

By Kenneth A. Orchard

Kenneth A. Orchard Head, International Fixed Income

March 2025 / Ahead of the Curve

Ahead of the Curve: A contrarian scenario comes true on remarkable Germ...

A contrarian scenario comes true on remarkable German fiscal push

A contrarian scenario comes true on remarkable...

Germany’s fiscal expansion reshapes global bond markets.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

March 2025 / From the Field

CryptoFOMO: Are digital assets becoming a risk‑off trade?

CryptoFOMO: Are digital assets becoming a...

A neophyte’s guide to cryptocurrencies.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

March 2025 / From the Field

Uncertainty heightens the need for active fixed income management

Uncertainty heightens the need for active...

Explore how active bond management can thrive in the new investing paradigm of higher...

By Christopher Dillon & Brian Weaver

March 2025 / From the Field

In a world of flux, fundamentals (and active stock-picking) matter

In a world of flux, fundamentals (and active stock picking) matter

In a world of flux, fundamentals (and active...

Durable, compound growth companies look best placed to navigate the near-term landscape.

By Justin P. White

Justin P. White Portfolio Manager

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From UK

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

March 2025 / From the Field

How will a rising 10-year Treasury yield impact other assets?

How will a rising 10‑year Treasury yield impact other assets?

How will a rising 10‑year Treasury yield...

Floating rate loans appear well-positioned to benefit from rate rises

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

March 2025 / From the Field

AI²: How radical innovations are revolutionizing tech and health care

AI²: How radical innovations are revolutionizing...

Twin developments are transforming the investment landscape.

March 2025 / From the Field

Why fixed income is attractive for investors moving out of cash

Why fixed income is attractive for investors...

Elevated bond yields offer an appealing opportunity to lock in income.

By Kenneth A. Orchard & Vincent Chung

March 2025 / From the Field

Where can investors find defensive assets in today’s evolving markets?

Where can investors find defensive assets...

Explore top defensive assets for today's changing market landscape.

By Arif Husain, Sébastien Page & Adam Marden

11 March 2025 / In the Loop

Market Update: Tariffied

Market update: Tariffied

The S&P 500 Index has fallen nearly 9% from its February highs, with the technology-heavy...

March 2025 / In the Spotlight

How wildfires highlight the links between marine and terrestrial ecosys...

How wildfires highlight the links between marine and terrestrial ecosystems

How wildfires highlight the links between...

Wildfires’ impacts stretch beyond land to the oceans—posing a threat to the blue...

By Willem Visser & Duncan Scott

March 2025 / Monthly Market Playbook

Have we reached peak U.S. exceptionalism?

Future earnings growth may not support a valuation premium for U.S. over non-U.S....

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

March 2025 / From the Field

"Uneasy equilibrium" creates an opportunity in global fixed

"Uneasy equilibrium" creates an opportunity in global fixed income

"Uneasy equilibrium" creates an opportunity...

With the U.S. economy in an uneasy equilibrium, global fixed income offers appealing...

By Kenneth A. Orchard & Vincent Chung

March 2025 / From the Field

Perspectives on Securitised Credit Q4 2024

Perspectives on securitized credit

2024 Q4: Securitized credit market performance remained solid in the fourth quarter...

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

February 2025 / From the Field

Three ways growing dividends can add value for investors

Three ways growing dividends can add value...

Don’t overlook the long-term appeal of a rising dividend.

By Thomas J. Huber

Thomas J. Huber Portfolio Manager

November 2025 / From the Field

U.S. policy under Trump: What investors need to know

U.S. policy under Trump: What investors need...

We explore the policy changes that could matter the most for markets and asset allocation.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

February 2025 / From the Field

The cryptocurrency moment: Return considerations for a new asset class

The cryptocurrency moment: Return considerations...

Should asset allocators now consider establishing positions in digital assets?

By Stefan Hubrich

Stefan Hubrich Head, Global Multi-Asset Research

February 2025 / From the Field

It's a smaller world—finding the winners in the new small-cap landscape

It's a smaller world—finding the winners...

The shrinking U.S. stock market poses a challenge for investors

By Matt Mahon

Matt Mahon Portfolio Manager

February 2025 / From the Field

How AI innovations could help solve the U.S. energy problem

How AI innovations could help solve the U.S....

Delivering the energy required to power artificial intelligence.

By Vineet Khanna & Ashley Hogan

February 2025 / From the Field

Trump’s tariffs: More bite than bark?

The view that tariffs would have little long-term impact on asset prices is likely...

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

February 2025 / From the Field

For or Against? The Year in Shareholder Resolutions - 2024

For or against? The year in shareholder resolutions—2024

For or against? The year in shareholder resolution...

Analyzing voting results on shareholder resolutions on environmental, social, and...

By Donna Anderson & Jocelyn Brown

February 2025 / From the Field

How an investment strategy can blend the best of active and passive

How an investment strategy can blend the...

A research-enhanced strategy can help clients get more from their portfolio’s core.

By Tamzin Manning

Tamzin Manning Portfolio Specialist

From Credit Risk to Rate Volatility: Navigating 2025’s Fixed Income Lan...

From Credit Risk to Rate Volatility: Navigating 2025’s Fixed Income Landscape

From Credit Risk to Rate Volatility: Navigating...

February 2025 / From the Field

How U.S. immigration changes could impact inflation and the Fed

Ahead of the Curve: How U.S. immigration changes could impact inflation...

Ahead of the Curve: How U.S. immigration...

Explore how immigration changes may influence inflation and Fed policy.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

February 2025 / From the Field

Bondholder engagement—An important tool for effective stewardship

Bondholder engagement—An important tool for...

We believe bondholder engagements can help provide a valuable opportunity to share...

By Tongai Kunorubwe & Penny Avraam

10 February 2025 / From the Field

Trumps tariffs are a wild card for the global economy

Trump’s tariffs are a wild card for the global economy

Trump’s tariffs are a wild card for the global...

Trade wars do not produce winners.

4 February 2025 / From the Field

How high could the 10-year U.S Treasury yield go?

How high could the 10-year U.S. Treasury yield go?

How high could the 10-year U.S. Treasury...

U.S. Treasury yields have been climbing despite continued rate cuts from the Federal...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

3 February 2025 / In the Loop

AI Agents and Robotics: Key drivers of future tech innovation?

AI agents and robotics: Key drivers of future tech innovation?

AI agents and robotics: Key drivers of future...

The evolution of AI could boost productivity as firms make progress on autonomous...

By Jennifer O'Hara Martin, Dominic Rizzo & Anthony Bruce Wang

January 2025 / In the Spotlight

Building an innovative, collaborative solution for UK retirement

Building an innovative, collaborative solution...

By Yoram Lustig & Eva Wu

January 2025 / From the Field

The cryptocurrency moment: Return considerations for a new asset class

The cryptocurrency moment: Return considerations...

Should asset allocators now consider establishing positions in digital assets?

By Stefan Hubrich

Stefan Hubrich Head, Global Multi-Asset Research

27 January 2025 / From the Field

What macro data does-and does not-tell us about earnings

What macro data does (and does not) tell us about earnings

What macro data does (and does not) tell...

Why realized earnings can differ from macro-implied earnings.

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

21 January 2025 / In the Loop

Market Update: Trump Day One

Trump's initial actions: tariffs, immigration, energy impacts.

13 January 2025 / From the Field

Three important insights from 2024

Three investment trends from 2024 could continue to influence capital market behavior...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

Strategy Overview – US Smaller Companies Equity

Strategy Overview – US Smaller Companies...

The Outlook for US Smaller Companies in 2025

2025 Outlook for US Smaller Companies

By Michele A. Ward

Michele A. Ward Portfolio Specialist

9 January 2025 / From the Field

Looking for income in 2025 - These bond solutions could help

Looking for income in 2025? These bond solutions could help

Looking for income in 2025? These bond solutions...

Four bond approaches to help meet different investor needs.

January 2025 / From the Field

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strat...

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strategic...

Ahead of the Curve: Consensus is totally...

Discover contrarian strategies that active fixed income managers can apply.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

6 January 2025 / From the Field

How investors are tracking progress on Japans efforts to unwind cross...

How investors are tracking progress on Japan’s efforts to unwind cross-sharehold...

How investors are tracking progress on Japan’s...

In our view, Japan is becoming increasingly attractive to institutional investors...

By Jocelyn Brown & Hiroshi Watanabe

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

17 December 2024 / From the Field

The calm before the storm - The outlook for Treasury yields

Ahead of the Curve: The calm before the storm — The outlook for Treasury...

Ahead of the Curve: The calm before the storm...

Expect higher Treasury yields as fiscal policies evolve.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

December 2024 / From the Field

A deeper look at flexible credit strategies and the critical role of...

A deeper look at flexible credit strategies and the critical role of manager...

A deeper look at flexible credit strategies...

Multi-asset credit strategies leverage flexibility to different degrees. Learn how...

By Camila Henao Arbelaez, Som Priestley & Christopher Tarui

December 2024 / From the Field

Do high margins justify high valuations?

Sustainable high profit margins justify high valuations for growth companies.

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

T. Rowe Price Global Impact Credit and Global Impact Equity funds secur...

T. Rowe Price Global Impact Credit and Global Impact Equity funds secure...

T. Rowe Price Global Impact Credit and Global...

T. Rowe Price Gains SDR Sustainability Impact Label for Global Impact Funds

By T. Rowe Price

T. Rowe Price

December 2024 / From the Field

China’s policy pivot marks a turning point in the economic cycle

China’s policy pivot marks a turning point...

A policy pivot from risk control to growth support suggests a more favorable environment...

By Wenli Zheng

Wenli Zheng Portfolio Manager

December 2024 / From the Field

Growth or value? Why choose when you can have core?

Growth or value? Why choose when you can...

Making stock selection the main driver of excess returns.

By Peter J. Bates

Peter J. Bates Portfolio Manager

December 2024 / From the Field

What will a second Trump presidency mean for markets

What will a second Trump presidency mean for markets?

What will a second Trump presidency mean...

Markets appear optimistic about another Trump presidency. But inflation could spoil...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

November 2024 / From the Field

Disciplined investing amid a dynamic US market environment

Disciplined investing amid a dynamic U.S. market environment

Disciplined investing amid a dynamic U.S....

Looking toward 2025, U.S. equity market returns are likely to be harder earned.

By Justin P. White

Justin P. White Portfolio Manager

19 November 2024 / From the Field

Increased climate oversight in Europe

Increased climate oversight in Europe: A competitive challenge for banks

Increased climate oversight in Europe: A...

European banks face tougher climate regulations compared with U.S. banks, impacting...

By Joseph Baldwin

Joseph Baldwin Associate Analyst

November 2024 / From the Field

Perspectives on securitized credit

Securitized credit market performance remained solid in the third quarter amid heavy...

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

November 2024 / From the Field

Unlocking opportunities: Market broadening and a new chapter for emergi...

Unlocking opportunities: Market broadening and a new chapter for emerging...

Unlocking opportunities: Market broadening...

How broadening equity returns and reemergence of EMs require a different mindset.

By Scott Berg

Scott Berg Portfolio Manager

November 2024 / On the Horizon

2025 Global Market Outlook

Investing during transition

By Multiple Authors

November 2024 / On the Horizon

High yield debt, financial stocks offer value amid uncertainty

High yield debt, financial stocks offer value...

An optimistic outcome is priced into most assets, leading to some conflicting signals.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

November 2024 / On the Horizon

AI’s “easy money” era is over, but rich opportunities remain

AI’s “easy money” era is over, but an abundance of opportunities remain

AI’s “easy money” era is over, but an abundance...

Artificial intelligence is set to be one of the biggest productivity enhancers for...

November 2024 / On the Horizon

Radical innovations are driving a healthcare revolution

Radical innovations revealing real prospects in health care

Radical innovations revealing real prospects...

A new generation of treatments are paving the way for a golden age in the sector.

By Nabil Hanano

Nabil Hanano Associate Portfolio Manager

November 2024 / On the Horizon

Weaker growth, lower rates set to open up private markets

Weaker growth and lower rates set to open up private markets

Weaker growth and lower rates set to open...

Shifting conditions should create new opportunities in private credit and private...

By David M. DiPietro

David M. DiPietro Head, Private Equity team and a partner on the Private Opportunities Fund investment committee.

November 2024 / On the Horizon

Finding income in high yield bonds, bank loans, and emerging markets

Finding income in high yield bonds, bank...

The non-investment-grade sectors of the bond market look the most attractive.

By Kenneth A. Orchard

Kenneth A. Orchard Head, International Fixed Income

November 2024 / On the Horizon

Rate cuts provide opportunities for US small caps and financials

Rate cuts provide opportunities for U.S. small-caps and financials

Rate cuts provide opportunities for U.S....

Valuations remain stretched, but the market is broadening.

By Stephon Jackson

Stephon Jackson Head, T. Rowe Price Investment Management

November 2024 / On the Horizon

Value and small caps could power international equities

Value and small-caps could power international equities

Value and small-caps could power international...

There are significant structural opportunities at attractive prices.

By Justin Thomson

Justin Thomson Head, Investment Institute and CIO

November 2024 / On the Horizon

US exceptionalism has not run out of steam

U.S. exceptionalism has not run out of steam

The ingredients are there for another year of robust growth.

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

November 2024 / On the Horizon

Mapping the path from slowdown to recovery

The world is transitioning to manufacturing-led growth.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

January 2025 / From the Field

Looking for durable, needle-moving growth in the AI tech stack

Looking for durable, needle-moving growth...

AI will be disruptive. Growth investors should focus on what creates value over the...

By Paul Greene

Paul Greene Portfolio Manager

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

8 November 2024 / From the Field

Will Fed rate cuts translate into a strong US economy

Will Fed rate cuts translate into a strong U.S. economy?

Will Fed rate cuts translate into a strong...

Investors may need to temper their expectations for the Fed to boost U.S. growth...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

7 November 2024 / From the Field

Why its time to consider moving out of cash and into fixed income

Why it’s time to consider moving out of cash and into fixed income

Why it’s time to consider moving out of cash...

Income and growth attributes support the case for redeploying cash into bond markets.

6 November 2024 / In the Loop

What Trump’s win means for policy, the economy, and markets

What Trump’s win means for policy, the economy,...

Extending tax cuts and an assertive approach on trade policy likely to be areas of...

By Gilad Fortgang, Blerina Uruçi & Timothy C. Murray

Global impact multi-asset: Constructing a one-stop portfolio solution

Global impact multi-asset: Constructing a...

Uniquely integrating impact considerations with financial performance

By Yoram Lustig, Eva Wu & Fatna Chelihi

October 2024 / From the Field

Special topic: Can you trust recession forecasts?

Special Topic: Can you trust recession forecasts?

Three special factors may help the U.S. economy avoid a recession.

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

October 2024 / From the Field

Fed’s focus on jobs is leading to bond market normalization

Fed’s focus on jobs is leading to bond market...

There are signs that the negative correlation between Treasuries and risk assets...

28 October 2024 / In the Loop

Three policy developments to watch after US election

Three policy developments to watch after U.S. election

Three policy developments to watch after...

The postelection shift from campaigning to governing can create uncertainty for markets.

By Gilad Fortgang

Gilad Fortgang Associate Analyst

October 2024 / From the Field

Could a 5% 10-year Treasury yield be around the corner?

Ahead of the Curve: Could a 5% 10-year Treasury yield be around the corner?

Ahead of the Curve: Could a 5% 10-year Treasury...

Higher Treasury yields expected due to fiscal spending and Fed quantitative tightening.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

October 2024 / From the Field

The Fed’s big cut may favor high yield bonds

The Fed’s September rate cut reduced the risk of a recession. High yield bonds may...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

15 October 2024 / From the Field

Key considerations for global equities beyond the U.S. election

Key considerations for global equities beyond...

Powerful factors provide a relatively positive backdrop for equity markets in 2025.

October 2024 / From the Field

Friendshoring is reconfiguring global trade

Opportunities arise for the West’s allies to plug supply deficits.

By Roy Adkins, Ivan Morozov & Elliot Shue

October 2024 / In the Loop

US Election: What's at stake for M&A and antitrust policy?

U.S. Election: What's at stake for M&A and antitrust policy?

U.S. Election: What's at stake for M&A and...

Next president to decide if tough antitrust policy continues.

Inflation, Energy and Market Volatility - Perspectives on Global Equiti...

Inflation, Energy and Market Volatility - Perspectives on Global Equities

Inflation, Energy and Market Volatility -...

What’s in store for global equities? David Eiswert discusses interest rates, energy...

By David J. Eiswert

David J. Eiswert Portfolio Manager

August 2024 / From the Field

Could GLP-1s help rebalance the food trilemma?

Anti-obesity medications could play a key role in balancing the food trilemma.

By Maria Elena Drew & Daniel Ryan

October 2024 / From the Field

Cutting cycles and learning to love bonds again

Cutting cycles and learning to love bonds...

History provides some clues about which asset classes are likely to outperform

September 2024 / From the Field

Three key themes to watch out for in emerging markets

Three key themes to watch out for in emerging...

Economic growth resiliency to be tested, while new countries could start cutting...

By Christopher J. Kushlis

Christopher J. Kushlis Asia Sovereign Analyst

September 2024 / From the Field

Are we partying like it’s 1999 again?

Are we partying like it's 1999 again?

AI versus Dotcom: There are some similarities, yet also key differences.

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist

September 2024 / From the Field

AI and fixed income: Booming demand for data center ABS and CMBS

AI and fixed income: Booming demand for data...

Artificial intelligence drives demand for data center ABS and CMBS investments.

By David Xu & Adam Haya

September 2024 / From the Field

How AI’s impact is reaching into areas that might surprise you

How AI’s impact is reaching into areas that...

Discover how rising AI energy demands are reshaping independent power producer credit...

By David Yatzeck

David Yatzeck Associate Portfolio Manager

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

September 2024 / INVESTMENT INSIGHTS

How the US election could impact the financials sector

How the US election could impact the financials...

Next president will determine whether financial regulators will mount up or stand...

By Gilad Fortgang

Gilad Fortgang Associate Analyst

How euro corporate bonds offer stability in volatile markets

How euro corporate bonds offer stability...

The balance of stability and income potential supports the case for the asset class

By David Stanley

David Stanley Portfolio Manager

September 2024 / From the Field

How healthy is the US labour market?

How healthy is the U.S. labor market?

The Federal Reserve appears ready to cut rates. Job growth will be key for how stocks...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

September 2024 / In the Spotlight

The power of additionality: Blue bonds could boost sustainability

The power of additionality: Blue bonds could...

Blue bonds could boost sustainability efforts in emerging markets

US election and trade policy: What investors need to know

US election and trade policy: What investors...

Presidential election will shape the pace of deglobalization

The Psychology of Leadership in Investment Management

The Psychology of Leadership in Investment...

Five ways to become an effective leader in money management

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

30 August 2024 / From the Field

San Andreas fault of finance shakes the markets

Ahead of the Curve: The San Andreas fault of finance shakes the markets

Ahead of the Curve: The San Andreas fault...

Monetary tightening in Japan is rearranging global capital flows.

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

August 2024 / From the Field

Will government debt boil the frog?

How much should investors worry about the ballooning U.S. government debt?

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

Perspectives on securitised credit

Although the rally lost some momentum in Q2, securitized credit markets still performed...

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

August 2024 / From the Field

Growing government debt has raised concerns. Should it?

Growing government debt has raised concerns....

We believe governments have time and options to address historically high debt-to-gross...

By Thomas Kasanin & Ivan Morozov

August 2024 / INVESTMENT INSIGHTS

Assessing the potential impacts on US health care in an election year

Assessing the potential impacts on US health...

A number of key US health care issues will continue to be a primary focus for the...

By Jill Jortner

Jill Jortner Investment Analyst

August 2024 / From the Field

Why passive flows and inelastic markets don’t mix

Why passive flows and inelastic markets don't mix

Why passive flows and inelastic markets don't...

The rise of passive fixed income investing has caused market structure to deteriorate

By Steve Boothe & Pranay Subedi

Strategy Focus on Global Impact Short Duration Bond

Strategy Focus on Global Impact Short Duration...

An actively managed strategy seeking to invest in durable, growing businesses with...

Manic market not a reason for investors to panic

Manic market not a reason for investors to...

Recent market volatility appears to reflect extreme risk-on sentiment and positioning

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

August 2024 / POLICY INSIGHTS

Policy matters: US election could impact renewables and electric vehicl...

Policy matters: US election could impact renewables and electric vehicles

Policy matters: US election could impact...

The outcome of the presidential election could have important implications for US...

By Gilad Fortgang

Gilad Fortgang Associate Analyst

August 2024 / INVESTMENT INSIGHTS

Why US fiscal policy will matter even more after the election

Why US fiscal policy will matter even more...

The next US president faces a significant fiscal cliff in his first 12 months in...

By Gilad Fortgang

Gilad Fortgang Associate Analyst

August 2024 / INVESTMENT INSIGHTS

How do US elections affect stock market performance?

How do US elections affect stock market performanc...

It’s the economy that matters for US presidential elections and stocks

By Thomas Poullaouec

Thomas Poullaouec Head, Multi-Asset Solutions

July 2024 / INVESTMENT INSIGHTS

Artificial intelligence, health care, and energy transition: Three area...

Artificial intelligence, health care, and energy transition: Three areas...

Artificial intelligence, health care, and...

How innovations in artificial intelligence, health care, and the energy transition...

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

July 2024 / POLICY INSIGHTS

Are GLP-1s the next industry disruptor?

Some are predicting that GLP-1s could pose a disruptive threat to the medtech industry,...

By Taymour Tamaddon

Taymour Tamaddon Co-Portfolio Manager

July 2024 / VIDEO

The Inflation Roller Coaster

Diverging trends in goods and services prices complicate the inflation outlook

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

July 2024 / INVESTMENT INSIGHTS

M&A revival means management quality matters even more

M&A revival means management quality matters...

The M&A recovery creates opportunities, especially in mid-cap stocks

By Dante Pearson

Dante Pearson Associate Portfolio Manager

July 2024 / POLICY INSIGHTS

Why balance is important amid equity market volatility

Why balance is important amid equity market...

Geopolitics, sticky inflation, and peaking earnings growth point to elevated volatility

By David J. Eiswert & Nabil Hanano

July 2024 / VIDEO

Two questions on US equities with…Matt Mahon

Portfolio Manager Matt Mahon discusses his outlook and expectations for US smaller...

By Matt Mahon

Matt Mahon Portfolio Manager

July 2024 / VIDEO

Two questions on US equities with…Gabe Solomon

Portfolio Manager Gabe Solomon discusses his outlook for US large-cap value equities

By Gabriel Solomon

Gabriel Solomon Co-Portfolio Manager

July 2024 / ASSET ALLOCATION VIEWPOINT

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

July 2024 / INVESTMENT INSIGHTS

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain...

Changing market conditions will provide new risks and opportunities

By Robert W. Sharps

Robert W. Sharps Chair of the Board, Chief Executive Officer and President

July 2024 / INVESTMENT INSIGHTS

Ahead of the Curve “Shadow banking system” creates a trickier path for...

Ahead of the Curve “Shadow banking system”...

Rise in nonbank lending drives banks to shift risk exposure

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

6 January 2025 / From the Field

Higher rates and rising capex support international value stocks

Higher rates and rising capex support internationa...

The post-global financial crisis headwinds of low rates and tepid growth have faded.

By Colin McQueen

Colin McQueen Portfolio Manager

January 2025 / From the Field

Higher rates and rising capex support international value stocks

Higher rates and rising capex support internationa...

The post-global financial crisis headwinds of low rates and tepid growth have faded.

By Colin McQueen

Colin McQueen Portfolio Manager

July 2024 / INVESTMENT INSIGHTS

Market concentration: Facts versus opinions

Market concentration in US and technology stocks a concern for clients

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist

July 2024 / INVESTMENT INSIGHTS

The future of portfolio construction: Building effective multi-asset...

The future of portfolio construction: Building effective multi-asset portfolios

The future of portfolio construction: Building...

The traditional equity and fixed income ‘balanced’ portfolio needs modernisation,...

By Yoram Lustig, Michael Walsh & Eva Wu

July 2024 / INVESTMENT INSIGHTS

UK election result - Three key economic policy areas to watch

UK election result - Three key economic policy...

Labour Party win paves the way for policy changes with potential macroeconomic implication...

By Quentin S. Fitzsimmons

Quentin S. Fitzsimmons Portfolio Manager

July 2024 / INVESTMENT INSIGHTS

The hottest debate in asset allocation: Value vs. growth stocks

The hottest debate in asset allocation: Value...

On the Asset Allocation Committee, we like value stocks as a tactical trade for the...

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

June 2024 / INVESTMENT INSIGHTS

China’s economy enters a new cycle—unveiling fresh opportunities

China’s economy enters a new cycle—unveiling...

China’s economy has undergone a deep structural adjustment

By Wenli Zheng

Wenli Zheng Portfolio Manager

June 2024 / INVESTMENT INSIGHTS

Assessing the potential impacts on US health care in an election year

Assessing the potential impacts on US health...

A number of key US health care issues will continue to be a primary focus for the...

By Jill Jortner

Jill Jortner Investment Analyst

June 2024 / INVESTMENT INSIGHTS

How an investment strategy can blend the best of active and passive

How an investment strategy can blend the...

A research-enhanced strategy can help clients get more from their portfolio’s core

By Tamzin Manning

Tamzin Manning Portfolio Specialist

June 2024 / INVESTMENT INSIGHTS

Credit investing for today’s evolving markets

Headwinds call for choosing credit solutions with rigorous research

By Kenneth A. Orchard

Kenneth A. Orchard Head, International Fixed Income

June 2024 / INVESTMENT INSIGHTS

The value of a multi-sector diversified income approach for fixed incom...

The value of a multi-sector diversified income approach for fixed income

The value of a multi-sector diversified income...

Diversified Income Bond Strategy seeks to provide high yield-like returns with investment-...

By Kenneth A. Orchard & Vincent Chung

June 2024 / ASSET ALLOCATION VIEWPOINT

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

June 2024 / MIDYEAR MARKET OUTLOOK

How central bank policy could impact your portfolio

How central bank policy could impact your...

The key factors shaping the path of rate cuts in the second half of 2024

By Multiple Authors

June 2024 / MARKET OUTLOOK

ECB and BoE to cut as BoJ remains an outlier

Global Rates

By Multiple Authors

June 2024 / MARKET OUTLOOK

Broadening global growth, resurgent inflation define outlook

Broadening global growth, resurgent inflation...

Economy

By Multiple Authors

June 2024 / MARKET OUTLOOK

Murky environment to challenge Fed policymakers

US Rates

By Multiple Authors

June 2024 / MARKET OUTLOOK

US stocks face a broadening, not a rotation

US Equities

By Multiple Authors

June 2024 / MARKET OUTLOOK

Reaccelerating inflation to make central banks walk tightrope

Reaccelerating inflation to make central...

Inflation

By Multiple Authors

June 2024 / MARKET OUTLOOK

International stocks still appear to be good value

International stocks still appear to be good...

International equities

By Multiple Authors

June 2024 / MARKET OUTLOOK

Investors moving out of cash may favour equities and short duration bon...

Investors moving out of cash may favour equities and short duration bonds

Investors moving out of cash may favour equities...

Asset Allocation

By Multiple Authors

June 2024 / MARKET OUTLOOK

Shifting market conditions will favour active management

Shifting market conditions will favour active...

Active investing

By Multiple Authors

June 2024 / VIDEO

2024 Global Market Outlook Midyear Update summary video

2024 Global Market Outlook Midyear Update...

Summary with Ritu Vohora

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

June 2024 / INVESTMENT INSIGHTS

Ahead of the Curve Three Fed scenarios, same result: higher yields, ste...

Ahead of the Curve Three Fed scenarios, same result: higher yields, steeper...

Ahead of the Curve Three Fed scenarios, same...

From the field

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

June 2024 / INVESTMENT INSIGHTS

Why US fiscal policy will matter even more after the election

Why US fiscal policy will matter even more...

The next US president faces a significant fiscal cliff in his first 12 months in...

By Gilad Fortgang

Gilad Fortgang Associate Analyst

May 2024 / INVESTMENT INSIGHTS

The benefits of hedged diversification

Non-US bonds currently offer higher yields on a currency-hedged basis

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2024 / INVESTMENT INSIGHTS

The quality factor: Its impact, foundation, and evolution

The quality factor: Its impact, foundation,...

Secular components have become an important part of quality investing

By Laurence Taylor

Laurence Taylor Equity Solutions Portfolio Manager

May 2024 / INVESTMENT INSIGHTS

Opportunities in fixed income for investors moving out of cash

Opportunities in fixed income for investors...

Income and growth attributes can help investors put cash to work

By Kenneth A. Orchard

Kenneth A. Orchard Head, International Fixed Income

May 2024 / INVESTMENT INSIGHTS

What factors are driving U.S. exceptionalism, and will they last?

What factors are driving U.S. exceptionalism,...

US economic growth has outperformed other developed markets, and inflation has been...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

May 2024 / INVESTMENT INSIGHTS

Perspectives on Securitised Credit

The securitised credit rally that began in late 2023 accelerated in early 2024 despite...

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

May 2024 / INVESTMENT INSIGHTS

Euro Corporate Bond Q&A with David Stanley

Euro Corporate Bond Fund Veteran David Stanley Reflects on 20 Years at the Helm

By David Stanley

David Stanley Portfolio Manager

May 2024 / INVESTMENT INSIGHTS

Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

May 2024 / INVESTMENT INSIGHTS

Momentum: Don’t fear the reapers (of high profit)

Momentum: Don’t fear the reapers (of high...

History shows that momentum-driven markets don’t necessarily lead to market downturns

By Sébastien Page

Sébastien Page Head, Global Multi-Asset and CIO

May 2024 / INVESTMENT INSIGHTS

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

May 2024 / VIDEO

The benefits of hedged diversification

Non-US bonds currently offer higher yields on a currency-hedged basis

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2024 / VIDEO

Where are we in the AI cycle?

Navigating the AI cycle and the reasons why Dom Rizzo thinks we remain relatively...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

May 2024 / INVESTMENT INSIGHTS

How do US elections affect stock market performance?

How do US elections affect stock market performanc...

It’s the economy that matters for US presidential elections and stocks

By Thomas Poullaouec

Thomas Poullaouec Head, Multi-Asset Solutions

No green without blue: How blue bonds could support climate goals

No green without blue: How blue bonds could...

Earth’s oceans capture the majority of the global CO2 produced by humans

By Tongai Kunorubwe & Willem Visser

May 2024 / VIDEO

What are your key takeaways from recent investment trips?

What are your key takeaways from recent investment...

Three key conclusions after meeting more than 50 different technology companies across...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

May 2024 / INVESTMENT INSIGHTS

Hedging inflation risk

Recession fears are fading, but inflation concerns are on the rise

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

April 2024 / INVESTMENT INSIGHTS

Are UK stocks too cheap to ignore

Improving fundamentals are not yet reflected in prices

By Tomasz Wieladek & Federico Santilli

April 2024 / INVESTMENT INSIGHTS

For or against? The year in shareholder resolutions—2023

For or against? The year in shareholder resolution...

With environmental and social proposals in the spotlight, case‑by‑case insights were...

By Donna Anderson & Jocelyn Brown

April 2024 / INVESTMENT INSIGHTS

Adding emerging market debt exposure? Look to local bonds.

Adding emerging market debt exposure? Look...

By Arif Husain

Arif Husain Head, Global Fixed Income and CIO

April 2024 / ASSET ALLOCATION VIEWPOINT

Global Asset Allocation: The View From the UK

Global Asset Allocation: The View From the...

Discover the latest global market themes

By Yoram Lustig

Yoram Lustig Head, Global Investment Solutions, EMEA

April 2024 / VIDEO

Hedging inflation risk

Recession fears are fading, but inflation concerns are on the rise

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

April 2024 / INVESTMENT INSIGHTS

Meet the Manager - Peter Bates

Global Select Equity Strategy Portfolio Manager Peter Bates discusses his background...

By Peter J. Bates

Peter J. Bates Portfolio Manager

April 2024 / INVESTMENT INSIGHTS

With rising headwinds, uncover the power of quality credit research

With rising headwinds, uncover the power...

Corporate bonds offer attractive income, but security selection is imperative amid...

By Justin Gerbereux

Justin Gerbereux Head, Global Fixed Income Research