Skip to main content
- Funds
- Insights
- Capabilities
- About Us
- My Account
The views expressed are those of the author at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
With consumers and governments across Europe facing stiff energy price increases in the near term, I recently spent some time in Berlin seeking to understand the energy and climate policies likely to be pursued by Germany over the coming decade. I found that the government has maintained its resolve to move away from fossil fuels and even nuclear power in the medium term, and to embrace renewables. My conversations revealed a stoic calmness in the face of the crisis brought on by the Russian invasion of Ukraine, as officials work to create and systematically execute their plans — and perhaps even accelerate the move toward greater electrification of the economy.
While Germany’s move from fossil fuels to renewables has been made more challenging by recent events, with natural gas prices up substantially more than most would ever have imagined, I came away from my trip convinced that the country’s commitment to this transition remains strong.
Read more from Wellington on economic developments and issues related to climate and sustainability.
Featured Unique Perspectives
Stay up to date with the latest market insights and our point of view.
Japan’s banking sector outlook: Alpha up ahead?
Olivia Hurley and Rie Kimoto explore Japan's banking sector, highlighting regional banks' undervaluation and M&A opportunities driven by regulatory changes and demographic shifts.
Still opportunities in European equities? Positioning is key
Macro Strategist Nicolas Wylenzek revisits the case for European equities and discusses why positioning can help optimise exposure to Europe’s accelerating regime change.
Severance: The split between the economy and the markets
While markets have bounced back since Liberation Day, policy changes and macro data bear watching. Heading into the second half of 2025, we're focused on relative opportunities across asset classes created by disconnects and divides between markets and economies.
CLOs and the growth of private credit
Alyssa Irving profiles private credit's influence on CLOs, focusing on its ability to refinance lower-quality issuers and the potential benefits for the broadly syndicated market.
Private credit: Is the illiquidity premium still worth it?
Our private credit team explores the value of the asset class’s illiquidity premium in today’s uncertain markets.
10 reasons why China could be the next rerating story
Portfolio Manager Bo Meunier, Investment Director Irmak Surenkok and Investment Specialist Gilbert Chen set out 10 reasons why China could be the next rerating story to watch.
The power of positive and pragmatic thinking
While markets have a lot to worry about, from government policy to geopolitics, Global Investment and Multi-Asset Strategist Nanette Abuhoff Jacobson looks at the world from another angle: What could go right? She offers five reasons for positive thinking and considers the investment implications.
CLO investing and active ETFs
Alyssa Irving explores the evolving role of active ETFs in the AAA CLO market, highlighting their significant growth, the impact of increased trading activity, and the potential opportunities they create.
FOMC: Patiently waiting to ease
Jeremy Forster discusses the Fed's steady policy rates, inflation forecasts, and potential interest rate cuts amidst economic uncertainties.
Could the global policy response misfire?
In their mid-year macro outlook, Macro Strategists John Butler and Eoin O’ Callaghan discuss how the global policy response to the trade shock could misfire, with major implications for investors.
URL References
Related Insights
Monthly Market Review — May 2025
A monthly update on equity, fixed income, currency, and commodity markets.
By
Brett Hinds
Jameson Dunn