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Article

November 2025

5 min

Active management Outlook Content CoE Program Global Program Equity Fixed income Multi-asset Asia Macro Portfolio construction Article

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Practical portfolio considerations for a new economic age

Solutions Director Andrew Sharp Paul explores practical portfolio considerations for a new economic age, focusing on quality equities, discerning bonds, and local APAC opportunities.

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By

Andrew Sharp-Paul

event November 2025

5 min

Article

2026-12-31

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Article

November 2025

13 min

Artificial intelligence (AI) Asset allocation DB Public Program Multi-asset Top of Mind Article

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Is AI taking over? Portfolio and productivity insights for asset allocators

Amid questions about corporate spending, valuations, and technology exposure, Global Industry Analyst Brian Barbetta and Multi-Asset Strategist Adam Berger take a deep dive on the AI landscape, offering investment insights and ideas for using AI to improve productivity.

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By

Adam Berger, CFA

Brian Barbetta

event November 2025

13 min

Article

2026-12-01

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Article

November 2025

3 min

Commodities Climate Sustainable Investing Program Article

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Sustainable commodities: Rethinking investment strategies for a changing climate

As climate change and the energy transition reshape global markets, commodities are gaining renewed attention as inflation hedges and portfolio diversifiers. This article introduces a climate integration framework for evaluating commodity investments through both sustainability and financial lenses.

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Multiple authors

event November 2025

3 min

Article

2026-11-30

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Article

November 2025

18 min

Economic cycle Market commentary Monthly Market Review Institutional Program Macro and market Fixed income Multi-asset Commodities Liquid alternatives & hedge funds Equity Article

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Monthly Market Review — October 2025

A monthly update on equity, fixed income, currency, and commodity markets.

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By

Brett Hinds

Jameson Dunn

event November 2025

18 min

Article

2026-11-20

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Article

November 2025

3 min

Climate Stewardship Sustainable Investing Program Carbon emissions Article

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Transition at risk: Checking in on corporate decarbonization progress

Corporate climate transitions face ambition-execution gaps. Success requires integrating decarbonization into business strategy, focusing on emissions, pragmatic Scope 3 approaches, transparency, and credible plans. See how our experts are thinking about this.

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By

Julie Delongchamp, CFA

Mike Shavel

event November 2025

3 min

Article

2026-10-14

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Article

November 2025

6 min

Private investing Climate Sustainable Investing Program Article

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Investing in climate solutions across public and private markets

Collaboration between public and private market investors can be powerful. Opportunities where expertise and resources can be shared to accelerate innovation and deployment are optimal. Our experts explore how AI, geopolitics, and global policy are reshaping climate solutions across sectors.

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By

Alan Hsu

Greg Wasserman, CFA

event November 2025

6 min

Article

2026-10-14

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Article

November 2025

5 min

Equity Asset allocation Wealth Program Article

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What does the new economic era mean for equities?

The twists and turns of 2025 have reinforced the sense that the global economy is undergoing a structural shift — towards higher inflation, more volatile business cycles and a potential gradual unwinding of decades-long globalisation. However, with flexibility and careful positioning, there are reasons to be positive about the outlook for global equities

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By

John Mullins

event November 2025

5 min

Article

2026-11-30

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Article

November 2025

16 min

Asset allocation Regulatory DB Private Program Liability driven investing Multi-asset Article

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Setting ROAs for 2026: A guide for US corporate and public plans

How are pension plans adjusting their ROA assumptions? And how do those assumptions line up with our long-term capital market assumptions? Find out in this annual update.

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Multiple authors

event November 2025

16 min

Article

2026-12-31

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Article

November 2025

8 min

Macro and market Outlook Content CoE Program Global Program Equity Fixed income Multi-asset Commodities Liquid alternatives & hedge funds Private investing Macro Article

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Investing in 2026: prepare for inflationary growth

Macro Strategists John Butler and Eoin O'Callaghan share their annual macro outlook and discuss likely implications for markets and investors. They outline four potential scenarios graded by level of probability.

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By

John Butler

Eoin O'Callaghan

event November 2025

8 min

Article

2026-11-15

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Article

November 2025

7 min

Private portfolio companies Private equity Business practices ESG insights for private companies Private company management ESG Private investing Venture capital Private companies Article Value creation

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Human capital management for private companies

We discuss why effective people management is critical for private companies and outline four strategic focus areas that can help companies navigate evolving employee needs, regulatory changes, and investor expectations.

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Multiple authors

event November 2025

7 min

Article

2026-11-30

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Article

November 2025

15 min

Macro and market Multi-asset Asset allocation FRM Program Insurance Equity Fixed income Commodities Private investing Insurance Asset Allocation Outlook Privates Article

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Constructive, selective, resilient

Amar Reganti, a member of our Insurance team, explains why he believes insurers should remain selectively risk-on while prioritizing high-quality income and preserving flexibility to add risk as valuations improve.

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By

Amar Reganti

event November 2025

15 min

Article

2026-11-30

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Article

November 2025

4 min

Diversification Macro and market Wealth Program Multi-asset Investment Angles Macro Article

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Is all that glitters still gold?

Gold has delivered impressive gains thus far in 2025, but what does that say about market risks and the recent strong returns of stocks? Multi-Asset Strategist Nanette Abuhoff Jacobson offers her take on the precious metal and the case for diversification in today’s market.

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By

Nanette Abuhoff Jacobson

event November 2025

4 min

Article

2026-11-30

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Article

November 2025

4 min

Macro and market Multi-asset Asset allocation Wealth Program Tactical allocation Monthly Asset Allocation Outlook Americas Brazil Canada Mexico USA APAC Asia Australia China India Japan EMEA Africa Europe France Germany Italy Russia United Kingdom Emerging markets Article

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Asset Allocation Outlook

How to evolve your portfolio for the latest market conditions? Explore the latest monthly snapshot of Wellington Solutions Group's asset class views.

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Multiple authors

event November 2025

4 min

Article

2026-11-30

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Article

November 2025

3 min

Active management Fixed income Wealth Program Currency Macro Investment Angles Article

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Questioning US credit quality

Fixed income strategist Amar Reganti examines questions surrounding US creditworthiness.

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By

Amar Reganti

event November 2025

3 min

Article

2026-11-30

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Article

November 2025

3 min

Equity Artificial intelligence (AI) Content CoE Program Global Program Chart in Focus Article

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Chart in Focus: Is AI a bubble, or is it driving real market value?

AI isn't just about the hype. Our experts explain why this innovation is driving real market value and lay out the investment implications.

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By

Alex King, CFA

Joshua Riefler

event November 2025

3 min

Article

2026-12-31

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Article

November 2025

5 min

Chart in Focus Fixed income Content CoE Program Global Program Currency Fiscal policy Article

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Chart in Focus: Three reasons to keep the faith in US credit quality

Our fixed income experts highlight the resilience of US institutional credibility.

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By

Amar Reganti

Adam Norman

event November 2025

5 min

Article

2026-12-01

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Article

October 2025

18 min

Active management Diversification Asset allocation Defined Contributions Program Article

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The alpha advantage: Building retirement resilience

Client Portfolio Manager Dáire Dunne explains why the time horizon of retirement savers is well aligned with the potential of active management to deliver alpha. He examines the growing need for alpha, the importance of market inefficiency when pursuing it, and steps plan sponsors can take to help participants maximize the alpha advantage.

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By

Dáire Dunne, CFA

Gregg Thomas, CFA

event October 2025

18 min

Article

2026-11-30

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Article

October 2025

4 min

Asia Equity Wealth Program Inflation Investment Angles Article

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Japan's reflation story: An overlooked equity opportunity?

Macro Strategist Nick Wylenzek analyzes the structural shifts in Japan's economy and identifies potential equity opportunities.

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By

Nicolas Wylenzek

event October 2025

4 min

Article

2026-12-01

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Article

October 2025

5 min

Income Interest rates Private credit Private Investing Program Private investing Fiscal policy Article

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What’s the Fed got to do with it? The impact of rate cuts on CLO equity

Our CLO experts discuss the implications of Fed rate cuts on CLO equity, emphasizing its potential to maintain income amidst rate sensitivity challenges in other credit assets.

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By

Andrew Bayerl, CFA

event October 2025

5 min

Article

2026-10-31

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Article

October 2025

11 min

Outlook Asset allocation Content CoE Program Global Program Equity Fixed income Multi-asset Commodities Liquid alternatives & hedge funds Private investing Article

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Can markets keep climbing the wall of worry?

Our multi-asset strategists analyze the market’s exuberance and share their overweight and underweight views on equities, credit, government bonds, and commodities.

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By

Nanette Abuhoff Jacobson

Supriya Menon

event October 2025

11 min

Article

2026-11-30

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Article

October 2025

Outlook Macro and market Portfolio strategy Equity Fixed income Multi-asset USA APAC EMEA Emerging markets Active management Article

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Opportunity ahead: Optimism or illusion?

Explore our latest views on risks and opportunities across global capital markets.

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event October 2025

Article

2026-11-30

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Article

October 2025

3 min

Chart in Focus Artificial intelligence (AI) Content CoE Program Global Program Article

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Chart in focus: What tech in 2000 teaches us about tomorrow

In this Chart in Focus, Equity Strategist Andrew Heiskell illustrates what 2000s tech can teach us about AI and innovation today and tomorrow.

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By

Andrew Heiskell

event October 2025

3 min

Article

2026-11-30

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Article

October 2025

5 min

China Geopolitics Content CoE Program Global Program Article

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What markets are missing on critical minerals

Geopolitical Strategist Thomas Mucha highlights the importance of critical minerals in US-China relations, details the impact on global markets, and identifies the investment implications.

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By

Thomas Mucha

event October 2025

5 min

Article

2026-11-30

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Article

October 2025

18 min

Economic cycle Market commentary Quarterly Market Review Institutional Program Multi-asset Article

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Quarterly Market Review — 3Q2025

A monthly update on equity, fixed income, currency, and commodity markets.

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By

Brett Hinds

Jameson Dunn

event October 2025

18 min

Article

2026-10-30

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Article

October 2025

6 min

Interest rates Private credit Private investing Private Investing Program Inflation Macro Article

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Commercial real estate debt: Transitional assets deep dive

Our private commercial real estate debt experts  explore transitional CRE assets, highlighting their key characteristics, how they differ from other parts of the CRE debt universe, their potential roles in a portfolio, and much more.

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Multiple authors

event October 2025

6 min

Article

2026-10-31

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Article

October 2025

18 min

Active management Fixed income DB Private Program Liability-driven investing Asset allocation Article

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Corporate versus credit indices: What’s the best match for liability-driven investing?

When selecting benchmarks for LDI needs, corporate DB plan sponsors often ask about the differences between investment-grade corporate and credit indices. In this paper, we compare the composition and performance of corporate and credit indices, as well as intermediate and long maturity indices, and we offer insights on choosing indices that fit a plan’s liability.

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Multiple authors

event October 2025

18 min

Article

2026-09-30

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Article

October 2025

5 min

Diversification Yielding insights Content CoE Program Global Program Fixed income USA Article

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Long bonds could become a diversifier once again

Despite a challenging 15 years, long bonds represent a valuation opportunity. Brij Khurana explains why long-term yields may not last, offering asset allocators a reason to rethink the diversification potential of long-maturity bonds.

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By

Brij Khurana

event October 2025

5 min

Article

2026-10-02

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Article

October 2025

4 min

Active management Artificial intelligence (AI) Wealth Program Investment Angles Article

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Not all AI opportunities are created equal

Global Industry Analyst Michael Masdea explores AI's transformative power and shares a five-step framework to help evaluate potential long-term AI success stories.

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By

Michael Masdea

event October 2025

4 min

Article

2026-10-31

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Article

October 2025

4 min

Liquid alternatives & hedge funds Macro and market Portfolio strategy Alternatives Hedge Funds Program Liquid alternatives and hedge funds Article

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Time to diversify your diversifiers with hedge funds?

Christopher Perret highlights potential benefits of adding uncorrelated strategies, such as hedge funds, to portfolios to navigate turbulent markets.

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By

Christopher Perret, CFA, CAIA

event October 2025

4 min

Article

2026-10-14

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Article

October 2025

10 min

Private companies Private equity Venture capital Private Investing Program Private investing Privates Article

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Venture and growth equity: The future of private-market evergreen funds?

Investment Director Cara Hubbard highlights how the VC and growth equity landscapes are transforming, details the rising popularity of evergreen funds, and shares how these themes may converge to expand access to private markets.

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By

Cara Hubbard

Michael Trihy, CFA

event October 2025

10 min

Article

2026-10-31

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Article

October 2025

11 min

Artificial intelligence (AI) Multi-asset Asset allocation Content CoE Program Global Program Equity Fixed income Commodities Quarterly Asset Allocation Outlook Article

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Rational exuberance: Will the bulls keep running?

Tariffs, fiscal challenges, geopolitical turmoil — lately, nothing has seemed to get the market down. We consider how long the good times may last in our quarterly look at the equity, bond, and commodities markets.

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By

Nanette Abuhoff Jacobson

Supriya Menon

event October 2025

11 min

Article

2026-09-30

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Article

October 2025

9 min

Energy Climate Sustainable Investing Program USA Article

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Finding climate investment opportunities amid shifting US policy

We delve into the evolving landscape for climate investments in the US and explain areas of overlap between government policy, corporate commercial interests, and climate focus.

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By

Wendy Cromwell, CFA

event October 2025

9 min

Article

2026-09-25

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Article

October 2025

3 min

Active management Emerging markets Content CoE Program Global Program Multi-asset Chart in Focus Article

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Chart in focus: Three reasons to revisit emerging markets

Multi-Asset Strategist Nanette Abuhoff-Jacobson illustrates the case for emerging markets in three charts.

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By

Nanette Abuhoff Jacobson

event October 2025

3 min

Article

2026-10-31

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Article

October 2025

7 min

Interest rates Private credit Private investing Private Investing Program Privates Article

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Investment-grade private credit market deep dive

Emeka Onukwugha and Elisabeth Perenick explore the evolving investment-grade private credit market, highlighting its key characteristics, liquidity profile, roles in a portfolio, and much more.

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By

Emeka Onukwugha, CFA

Elisabeth Perenick, FSA, CFA

event October 2025

7 min

Article

2026-10-31

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Article

October 2025

5 min

Growth Equity Economic cycle Wealth Program Investment Angles Active management Article

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Rotations and reallocations: Rethinking equities

Since April's Liberation Day, equity markets have recovered losses and appear to be on an upwards trajectory. But under the surface of the highs, argues Equity Strategist Andrew Heiskell, is a market and an economy looking for direction. Why is the economy so stuck?

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By

Andrew Heiskell

event October 2025

5 min

Article

2026-10-31

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Article

September 2025

15 min

Multi-asset Strategic allocation DB Public Program Article

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US public pensions on the move: Preparing for the future of asset allocation

Public pension experts Adam Berger and Amy Morse share their latest research on asset allocation trends and what they could mean for plans’ ability to hit their return targets. They also offer their top investment ideas for putting plans on a better path forward.

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By

Adam Berger, CFA

Amy Morse, CFA

event September 2025

15 min

Article

2027-09-30

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Infographic

September 2025

2 min

Chart in Focus Macro and market Fixed income Wealth Program Equity Infographic Article

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Chart in Focus: What do higher long-end yields mean?

Long-end yields have climbed on concerns over structural growth and fiscal expansion. In this edition of Chart in Focus, we explore how shifting yield curves are reshaping opportunities across asset classes.

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By

Alex King, CFA

Joshua Riefler

event September 2025

2 min

Infographic

2026-09-30

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Article

September 2025

4 min

Europe Equity Active management Wealth Program Portfolio construction Article

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The long-term rewards of a contrarian approach to European equities

Portfolio Manager Tom Horsey and Investment Director Thomas Kramer explain why viewing European equities through a contrarian lens could help investors to uncover long-term opportunities in a rapidly evolving Europe.

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By

Thomas Horsey

Thomas Kramer

event September 2025

4 min

Article

2026-10-31

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Article

September 2025

5 min

Income Equity Strategic allocation Content CoE Program Global Program Active management Article

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New regime, new reality for investors?

The first half of 2025 has reinforced our view that we are entering a new investing regime. But this isn't a clean break from one regime to another; it's a messy, transitional phase, where some old rules still apply, even as new ones might be emerging. How can investors evolve for a new market environment?

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By

Natasha Brook-Walters

event September 2025

5 min

Article

2026-10-31

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Article

September 2025

6 min

Energy Equity Utilities Wealth Program Article

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Growth vs stability: do infrastructure investors really have to pick a side?

There’s a buzz around infrastructure at the moment. But do listed infrastructure investors really have to invest in cyclical businesses in order to benefit from structural tailwinds? Tom Levering and Joy Perry explore another way.

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By

Tom Levering

Joy Perry

event September 2025

6 min

Article

2026-10-31

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Article

September 2025

6 min

Fiscal policy Interest rates Monetary policy Content CoE Program Global Program Article

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The Fed architecture under scrutiny: What are the investment implications?

Macro Strategist Juhi Dhawan looks at how changes in the Federal Reserve's personnel and decision making could impact policy, the US dollar, and financial markets.

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By

Juhi Dhawan, PhD

event September 2025

6 min

Article

2026-09-30

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Article

September 2025

5 min

Inflation Interest rates Monetary policy Content CoE Program Global Program Fixed income Article USA

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FOMC: Cushioning the US labor market

Fixed Income Portfolio Manager Jeremy Forster analyzes the Fed's decision to cut interest rates at the September FOMC meeting.

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Jeremy Forster

event September 2025

5 min

Article

2026-10-31

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Article

September 2025

4 min

Consumer Fixed income Macro and market Content CoE Program Global Program Credit Macro Article

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A look under the hood: US consumer holding up amid volatility

Fixed Income Portfolio Manager Kyra Fecteau dissects several key consumer credit trends and explains how they could have an outsized influence on the overall performance of securitized credit markets going forward.

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By

Kyra Fecteau, CFA

event September 2025

4 min

Article

2026-09-30

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Article

September 2025

10 min

Artificial intelligence (AI) ESG Stewardship Sustainable Investing Program Article

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Evaluating human capital management amid AI adoption: A guide for investors

This guide explores the critical role of HCM in maximizing AI's potential benefits, from productivity to innovation. Wellington ESG analyst Caroline Conway also provides targeted engagement questions to ask management teams as they navigate their AI journey.

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By

Caroline Conway

event September 2025

10 min

Article

2026-09-04

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Article

September 2025

5 min

Europe Fixed income Active management Wealth Program Credit Article

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How a changing Europe is reshaping credit markets

Portfolio Managers Derek Hynes and Konstantin Leidman explore how a changing Europe is reshaping the region's credit markets and identify key takeaways for investors.

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By

Derek Hynes

Konstantin Leidman, CFA

event September 2025

5 min

Article

2026-09-30

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Article

September 2025

4 min

Artificial intelligence (AI) Macro and market Geopolitics Wealth Program Investment Angles Article

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Five ways to find opportunity in a new world (dis)order

Geopolitical Strategist Thomas Mucha analyzes the investment implications of five global themes that speak to the need for strategic adaptation in a turbulent world.

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Thomas Mucha

event September 2025

4 min

Article

2026-10-31

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Article

September 2025

4 min

Geopolitics Active management Artificial intelligence (AI) Content CoE Program Global Program Article

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Brave New World: “US vs them” world order emerges

Geopolitical Strategist Thomas Mucha profiles the shifts signaling increased global policy friction and national security related opportunities for investors.

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By

Thomas Mucha

event September 2025

4 min

Article

2026-10-31

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September 2025

2 min

Chart in Focus Diversification Macro and market Wealth Program Active management Asset allocation Article

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Chart in Focus: Are today’s equity returns too high?

In this edition of Chart in Focus, we examine the strength of markets so far this year, placing it in historical context.

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By

Alex King, CFA

Joshua Riefler

event September 2025

2 min

Article

2026-09-30

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September 2025

2 min

Chart in Focus Interest rates Portfolio strategy Wealth Program Equity Fixed income Article

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Chart in Focus: Where are rates headed?

In this edition of Chart in Focus, we take a look at where rates have been headed and potential implications moving forward.

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Alex King, CFA

Joshua Riefler

event September 2025

2 min

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2026-09-29

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September 2025

4 min

Inflation Strategic allocation Yielding insights Content CoE Program Global Program Fixed income Article

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Is it time to prepare for stagflation?

Discover why concerns about stagflation are rising, and how asset allocators may be able to hedge the effects on their portfolio.

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Brij Khurana

event September 2025

4 min

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2026-08-28

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September 2025

2 min

Chart in Focus Growth Macro and market Wealth Program Global Quality Growth US Quality Growth Equity Article

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Chart in Focus: Earnings upgrades fueled the recent US equity market rally 

Where are earnings heading? In this edition of Chart in Focus, we address the recent uptick in earnings expectations and its potential impact on equity returns.

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Alex King, CFA

Joshua Riefler

event September 2025

2 min

Article

2026-08-31

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September 2025

4 min

Macro and market Fiscal policy Inflation Wealth Program Economic cycle Interest rates Macro Monetary policy Investment Angles Article

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Twilight zone: how to interpret today’s uncertain macro picture

Macro Strategist John Butler and Investment Director Marco Giordano explore how to interpret today’s uncertain macroeconomic picture and its key implications.

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By

John Butler

Marco Giordano

event September 2025

4 min

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2026-09-30

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August 2025

4 min

Fixed income Macro and market Portfolio strategy Institutional Program Credit Article

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Multi-asset credit: Evergreen anchor in an age of volatility and divergence

Investment Director Raina Dunkelberger explores the benefits of a multi-asset credit approach, highlighting diversification and risk-adjusted returns in today's volatile fixed income landscape.

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Raina Dunkelberger, CFA, CAIA

event August 2025

4 min

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2026-09-30

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August 2025

7 min

Fiscal policy Monetary policy Yielding insights Content CoE Program Global Program Inflation Fixed income USA Article

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Rethinking the Fed’s dual mandate

Is it time for a fresh perspective on the dual mandate? Fixed Income Portfolio Manager Brij Khurana explores the potential benefits of reorienting monetary policy toward maximizing productivity.

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Brij Khurana

event August 2025

7 min

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2026-08-31

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August 2025

3 min

Fixed income Interest rates Portfolio strategy Content CoE Program Global Program Article

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CCC junk bonds appear undervalued and overlooked

Fixed Income Portfolio manager and Credit Analyst Blake Huynh and Investment Director Nick Leichtman highlight CCC bonds' potential amid tight spreads and market dynamics.

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Blake Huynh, CPA

Nick Leichtman, CFA

event August 2025

3 min

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2026-09-30

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August 2025

5 min

Artificial intelligence (AI) Macro and market Geopolitics Content CoE Program Global Program Article

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AI and national security: What markets are missing

Geopolitical Strategist Thomas Mucha analyzes the role of AI in shifting national security dynamics and its influence on future investment strategies.

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Thomas Mucha

event August 2025

5 min

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2026-09-30

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August 2025

6 min

Emerging markets Asset allocation Active management Wealth Program Investment Angles Equity Fixed income Article

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(Re)emerging markets: 10 reasons for optimism

Our experts identify 10 reasons why now may be the time for investors to reconsider emerging markets.

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event August 2025

6 min

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2026-09-01

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August 2025

5 min

Interest rates Private credit Private investing Private Investing Program Article

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Commercial real estate debt market update

Our private credit team discusses the CRE debt market's growth, evolving dynamics, and opportunities for private lenders amid higher rates and reset valuations.

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event August 2025

5 min

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2026-08-31

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August 2025

2 min

Chart in Focus USA Currency Content CoE Program Global Program Macro Article

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Chart in focus: What does a weak US dollar mean for global investors?

In this Chart in Focus, we illustrate how the power of the US dollar in 2025 stacks up against the past fifty-plus years. Learn what we're watching and understand the global investment implications of a weaker USD.

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Alex King, CFA

Joshua Riefler

event August 2025

2 min

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2026-09-30

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August 2025

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Economic cycle Inflation Monetary policy Content CoE Program Global Program Interest rates USA Wellington on Washington and the World Article

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Stagflation watch: Thoughts on tariffs, inflation, and Fed policy

US Macro Strategist Juhi Dhawan considers signs the US economy may be moving toward a toxic mix of slowing growth and rising inflation, creating challenges for the Fed and investors.

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Juhi Dhawan, PhD

event August 2025

5 min

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2026-08-31

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August 2025

4 min

China Artificial intelligence (AI) Macro and market Wealth Program Investment Angles Article

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China’s changing: Why you should be watching

Macro Strategist Johnny Yu discusses structural shifts in China impacting global investment dynamics. notably diminished importance of the property sector and collapse of imports.

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Johnny Yu, CFA

event August 2025

4 min

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2026-08-31

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July 2025

15 min

Insurance Macro and market Asset allocation FRM Program Insurance Asset Allocation Outlook Multi-asset Article

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Still climbing, just slower

Members of our Insurance team share the key themes behind their cautiously optimistic outlook for the second half of 2025 and the implications for reserve-backing and surplus fixed income, as well as other major asset classes.

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Alyssa Irving

Amar Reganti

event July 2025

15 min

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2026-07-31

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July 2025

6 min

Private investing Article Private investments Education Private companies Private Investing Program Private equity

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Understanding private equity performance

We dive deep on best practices for measuring and benchmarking private equity performance. In addition, we outline the J-curve and the impact of fund lifecycle on returns.

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By

William Craig

Mark Watson, CAIA

event July 2025

6 min

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2026-07-31

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July 2025

4 min

USA Equity Artificial intelligence (AI) Wealth Program Investment Angles Article

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AI isn’t like other tech cycles — and investors may need a new approach

AI may dominate headlines and strategy decks but people may still be underestimating its potential for disruption. What makes AI so different to other tech cycles?

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By

Brian Barbetta

Andrew Heiskell

event July 2025

4 min

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2026-07-31

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July 2025

7 min

Economic cycle Fiscal policy Wellington on Washington and the World Content CoE Program Global Program USA Article

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Weighing the economic winners and losers of the One Big Beautiful Bill Act

Macro Strategist Juhi Dhawan unpacks the impact of One Big Beautiful Bill Act, including its potential effect on economic growth, corporate earnings, and the US government deficit and debt.

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Juhi Dhawan, PhD

event July 2025

7 min

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2026-07-31

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July 2025

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Inflation Interest rates Wellington on Washington and the World Content CoE Program Global Program Multi-asset Fiscal policy Asset allocation Article

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One Big Beautiful Bill: Why it’s “buy now, pay later” for markets

Multi-Asset Strategist Nanette Abuhoff Jacobson weighs the near-term benefits of the recently enacted US tax and spending bill against the longer-term costs, and suggests several investment implications.

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Nanette Abuhoff Jacobson

event July 2025

4 min

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2026-07-31

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July 2025

14 min

Multi-asset Strategic allocation Risk management DB Public Program Macro and market Top of Mind Article

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The long and short (term) of markets

Head of Multi-Asset Strategy Adam Berger offers a four-part plan for short-term volatility and looks at the longer-term implications of shifting capital market expectations.

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By

Adam Berger, CFA

event July 2025

14 min

Article

2027-01-01

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July 2025

17 min

Liquid alternatives & hedge funds Strategic allocation Private equity DB Private Program Privates Private investing Liability-driven investing Article

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Allocating to alternatives: A role-based guide for corporate DB plans

For corporate plan sponsors thinking about weaving hedge funds and private equity into their portfolios, we offer this brief guide to the potential benefits and key considerations when establishing an allocation, including liquidity stress testing.

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event July 2025

17 min

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2027-06-30

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July 2025

5 min

Equity Fixed income Asset allocation Content CoE Program Global Program Macro Outlook Article

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Agile approach important amid market desynchronization

Global markets are desynchronizing, with macro volatility and intervention from governments leading to diverging economic outcomes. Increased dispersion may facilitate more frequent rotation on market leaders, as these charts from Alex King and Joshua Riefler help illustrate.

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Alex King, CFA

Joshua Riefler

event July 2025

5 min

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2026-07-31

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July 2025

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Macro and market Multi-asset Outlook Content CoE Program Global Program Equity Fixed income Article

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Facing a new economic reality

We summarize our 2025 mid-year outlooks.

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event July 2025

5 min

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2026-08-31

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July 2025

10 min

Health care Artificial intelligence (AI) Venture capital Private Investing Program Private investing Article Early-stage venture

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The transformative power of vertical AI agents

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.

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Sasha McKenzie

event July 2025

10 min

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2026-06-24

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July 2025

5 min

Private companies Private investing Venture capital Private Investing Program Macro and market Article Late-stage growth

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IPOs aren’t dead, they’re just napping

Experts from our venture capital and trading teams explore the current IPO landscape. They highlight three challenges and three opportunities for private companies aiming to go public today.

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event July 2025

5 min

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2026-07-31

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July 2025

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Asia Equity Macro and market Institutional Program Macro Article

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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.

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Olivia Hurley

Rie Kimoto

event July 2025

4 min

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2026-06-30

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July 2025

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Europe Equity Macro and market Content CoE Program Global Program Macro Article Investment Angles

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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.

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Nicolas Wylenzek

event July 2025

5 min

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2026-07-31

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July 2025

13 min

Fiscal policy Monetary policy Tactical allocation Content CoE Program Global Program Multi-asset Outlook Article

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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.

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Nanette Abuhoff Jacobson

Supriya Menon

event July 2025

13 min

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2026-06-30

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July 2025

4 min

Private investing Artificial intelligence (AI) Venture capital Private Investing Program Article Early-stage venture

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Building the future: Advances in AI infrastructure for autonomous agents

Van Jones highlights AI infrastructure advancements, emphasizing emerging protocols and data solutions for autonomous agents driving innovation and connectivity.

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Van Jones

event July 2025

4 min

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2026-05-28

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June 2025

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Macro and market Private investing Venture capital Content CoE Program Global Program Private equity Privates Article

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Venture capital mid-year outlook: Five key questions

Our venture capital team explores the state of the IPO market, M&A uncertainty, the growth of secondaries, and more.

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event June 2025

5 min

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2026-06-30

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June 2025

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Asset allocation Private credit Private investing Content CoE Program Global Program Interest rates Privates Outlook Article

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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.

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By

Emily Bannister, CFA

Sonali Wilson, CAIA

event June 2025

6 min

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2026-06-30

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June 2025

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China Equity Market commentary Institutional Program Article

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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.

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event June 2025

6 min

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2026-06-30

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June 2025

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Diversification Asset allocation Private credit Private Investing Program Income Private investing Article

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CLO equity’s role in asset allocation

We discuss CLO equity's role in asset allocation, highlighting its potential income and diversification benefits. In addition, we explore its potential fit alongside private equity, private credit, and public equity allocations.

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Alyssa Irving

Andrew Bayerl, CFA

event June 2025

5 min

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2026-06-30

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June 2025

4 min

Macro and market Multi-asset Asset allocation Content CoE Program Global Program Fiscal policy Inflation Interest rates Article Infographic Investment Angles

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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. 

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Nanette Abuhoff Jacobson

event June 2025

4 min

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2026-06-30

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June 2025

4 min

Fixed income Inflation Interest rates Content CoE Program Global Program USA Article

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FOMC: Patiently waiting to ease

Jeremy Forster discusses the Fed's steady policy rates, inflation forecasts, and potential interest rate cuts amidst economic uncertainties.

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Jeremy Forster

event June 2025

4 min

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2026-08-01

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June 2025

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USA Growth Equity Content CoE Program Global Program Outlook Article

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Beyond US exceptionalism: where now for equities?

It might feel like the narrative of US exceptionalism has only been questioned in recent months — particularly in the wake of Liberation Day — but we see Trump’s tariff announcements as the clearest signal yet of a shift that has already been underway for nearly a decade.

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Andrew Heiskell

Nicolas Wylenzek

event June 2025

6 min

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2026-06-30

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Income Fixed income Outlook Content CoE Program Global Program Capital preservation Diversification Article

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Two key questions that bond investors should not ignore

Investment Directors Amar Reganti and Marco Giordano and Portfolio Manager Campe Goodman tackle two key questions that are likely to be top of bond investors’ minds during the second half of 2025.

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event June 2025

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2026-06-30

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Macro and market Economic cycle Outlook Content CoE Program Global Program Article

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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.

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John Butler

Eoin O'Callaghan

event June 2025

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2026-06-30

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June 2025

4 min

Private companies Private investing Venture capital Private Investing Program Business practices Article Value creation

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Go-to-market strategy: 5 lessons learned

Our Value Creation Team explores go-to-market strategy best practices, highlighting stages of growth, product-market fit, the science of sales, and much more.

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event June 2025

4 min

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2026-06-30

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June 2025

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Active management Fixed income Macro and market Content CoE Program Global Program Diversification Article

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Return-seeking fixed income for an uncertain age?

Raina Dunkelberger discusses the role of flexible, return-seeking fixed income strategies against a backdrop of concentrated equity markets and global policy divergence.

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Raina Dunkelberger, CFA, CAIA

event June 2025

4 min

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2026-06-30

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May 2025

3 min

Private companies Private investing Venture capital Private Investing Program Business practices Article

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Preparing to go public: Five IPO lessons learned

Our Value Creation Team highlights five IPO preparation lessons learned for private companies aiming for successful public market entry.

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Hillary Flynn

Courtney Hugger

event May 2025

3 min

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2026-05-31

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May 2025

4 min

Market disruptions Asset allocation Yielding insights Content CoE Program Global Program Equity Fixed income Currency Article

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Why the US dollar’s “crooked smile” could upend asset allocation

Brij Khurana explores the dollar smile theory's impact on asset allocation and foreign investors' strategies amid currency fluctuations.

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Brij Khurana

event May 2025

4 min

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2026-05-31

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May 2025

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Currency Macro and market Interest rates Content CoE Program Global Program Fixed income Article

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The yen smile: New economic era upends traditional safe-haven currency relationships

Portfolio Manager Sam Hogg discusses the US Dollar Smile Theory and the Japanese yen's safe-haven status in the context of global trade and monetary policy changes. 

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Sam Hogg

event May 2025

5 min

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2026-05-31

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May 2025

8 min

LDI Alert Macro and market Asset allocation DB Private Program Multi-asset Strategic allocation Article

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How is funded status holding up in the volatility? Updates on the corporate DB landscape

Members of our LDI Team share key takeaways from their latest analysis of US corporate pension plans' funded status, derisking activity, and ROA assumptions, as well as their outlook for plan contributions.

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Jacqueline Yang, CFA

Amy Trainor, FSA

event May 2025

8 min

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2026-06-01

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May 2025

6 min

Europe Equity Liquid alternatives & hedge funds Alternatives Hedge Funds Program Article

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Europe: Fertile ground for long/short alpha opportunities

Dirk Enderlein, Eoin O’Callaghan, and Boris Kergall, explore European equity opportunities from a long/short perspective against a backdrop of volatile markets and structural growth shifts.

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event May 2025

6 min

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2026-06-01

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May 2025

4 min

Equity Economic cycle Asset allocation Content CoE Program Global Program Fiscal policy Tactical allocation Article

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International equities: Five reasons they may not be a one-hit wonder

Global Investment and Multi-Asset Strategist Nanette Abuhoff Jacobson explains why those who doubt the staying power of the recent outperformance of international equities may want to reconsider.

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Nanette Abuhoff Jacobson

event May 2025

4 min

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2026-05-31

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May 2025

8 min

Portfolio strategy Strategic allocation Private investing Private Investing Program iStrat Venture capital Private equity Manager selection Article

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Sizing private-market allocations

Our multi-asset experts explore three key components of sizing private market allocations, offering a framework to evaluate the capacity to take on illiquidity, the need for excess return, and the ability to consistently source 'good' investments.

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Supriya Menon

event May 2025

8 min

Article

2026-05-31

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May 2025

7 min

Active management Europe High yield Wealth Program Fixed income EMEA Euro High Yield Article

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Europe: a good hunting ground for high yield?

With attractive yields and a low duration profile, high yield can present potentially compelling opportunities for investors, despite the continued volatility.

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Konstantin Leidman, CFA

Jennifer Martin, CFA

event May 2025

7 min

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2026-05-31

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Active management Total return Fixed income Wealth Program Credit Total Return Article

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Credit: the power of flexibility in an uncertain world

Uncertainty in credit markets can create opportunities for investors, provided allocations are flexible enough to benefit. But how can investors balance flexibility with discipline?

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Connor Fitzgerald, CFA

event April 2025

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2026-04-30

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Insurance Macro and market Tactical allocation FRM Program Insurance Asset Allocation Outlook Article

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Tariff wars: The yield awakens

Members of our Insurance team discuss the turbulent economic and market environment and the implications for reserve-backing and surplus fixed income, as well as other major asset classes.

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Amar Reganti

Alyssa Irving

event April 2025

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2026-04-30

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Equity Fixed income Macro and market Wealth Program Tactical allocation Article

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Making the most of the new economic era’s bright spots

Despite uncertainty, there are important factors supporting a more optimistic approach. By focusing on structural trends and considering a wide range of views, investors can position portfolios for positive long-term returns.

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Marco Giordano

John Mullins

event April 2025

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2026-05-31

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USA Macro and market Tactical allocation Wealth Program Multi-asset Asset allocation Article Fixed income Equity

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Four investment perspectives on Trump’s first 100 days

Four of our experts across fixed income and equity share their asset-class level insights on the first 100 days of the current Trump administration and analyze the implications for investors.

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event April 2025

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Chart in Focus Macro and market Portfolio strategy Wealth Program Macro Article

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Chart in Focus: Patience is power — stay invested through volatility

What does a higher VIX mean? In this edition of Chart in Focus, we explore the historic performance of the global equity market after large bouts of volatility, and the investment implications for equity and fixed income investors amid the US tariff turmoil.

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event April 2025

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Europe Macro and market Wellington on Washington and the World Wealth Program Fiscal policy Geopolitics Macro Market disruptions Article

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Fiscal versus tariffs: what wins out for Europe?

Just as investors were starting to explore the potential for growth in Europe, Trump’s tariffs landed. To what extent is the case for Europe still intact?

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Eoin O'Callaghan

event April 2025

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2026-04-30

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China Market disruptions Wellington on Washington and the World Content CoE Program Global Program USA Article

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How China can offset the tariff shock

Macro Strategist Johnny Yu details the approaches Beijing could take to offset the tariff shock, from fiscal strategies to potential retaliatory measures to concessions that Washington may welcome.

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Johnny Yu, CFA

event April 2025

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2026-04-15

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April 2025

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Active management Fixed income Macro and market Advised Retail Program Credit Government bonds Investment grade Article

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Flexibility with focus: how to position fixed income for volatility

Portfolio Manager Martin Harvey and Investment Director Marco Giordano explore how a focused use of flexibility can help position fixed income portfolios for volatility.

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Martin Harvey, CFA

Marco Giordano

event April 2025

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2026-04-30

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Active management Bonds in Brief Fixed income Content CoE Program Global Program Article

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Bonds in Brief: Making Sense of the Macro — March issue

What do US tariffs mean for fixed income investors? In the March issue of Bonds in Brief, Investment Director Marco Giordano assesses the latest risks and opportunities within bond markets.

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Marco Giordano

event April 2025

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2026-04-30

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April 2025

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Active management Growth Equity Wealth Program Article

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There is more than one way to approach growth equities

Portfolio Managers Steven Angeli and Joe Chung, and Investment Specialist Casey Vale discuss how looking at growth equities in a different way may help uncover opportunities amid heightened uncertainty and volatility.

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Innovation Private investing Venture capital Private Investing Program Private companies Article Private Biotech

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Private biotech market update: IPOs, M&A, and innovation

Our biotech venture capital experts explore the state of the private biotech market, highlighting the potential IPO-market rebound, surge in private M&A, and the focus on clinical-stage opportunities.

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Macro and market Portfolio strategy Wellington on Washington and the World Wealth Program Article

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What do tariffs mean for portfolios?

Tariffs exceeded market expectations. Now what? Expect short-term volatility, identify concentrations and consider using sell-offs as an entry point to diversify across regions and styles, says Nanette Abuhoff Jacobson, Global Investment and Multi-Asset Strategist.

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Nanette Abuhoff Jacobson

event April 2025

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2026-05-31

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Macro and market Inflation Wellington on Washington and the World Content CoE Program Global Program USA Article

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Early thoughts on historic hike in US tariffs

Macro Strategist Michael Medeiros explores the significant economic and market implications of the latest US tariffs, highlighting potential recession and inflation spikes, and the impact on global trade relations.

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Michael Medeiros, CFA

event April 2025

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Fiscal policy Market disruptions Yielding insights Content CoE Program Global Program Equity USA Europe Article

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Sacrificing stocks on the altar of trade

Brij Khurana discusses the Trump administration's new stance on trade and its impact on the US economy, global markets and asset prices.

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Brij Khurana

event April 2025

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2026-04-30

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Active management Equity Strategic allocation DB Public Program Top of Mind Article

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Lessons learned from a top-heavy equity market

Can the Magnificent Seven stocks continue to dominate the equity market? And what can asset owners do when markets are narrow? Head of Multi-Asset Strategy Adam Berger and Global Equity Strategist Andy Heiskell discuss the challenges and opportunities.

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Adam Berger, CFA

Andrew Heiskell

event April 2025

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2026-04-30

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Macro and market Inflation Wellington on Washington and the World Content CoE Program Global Program USA Article

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Could “Liberation Day” trigger a shift in capital flows?

John Butler discusses groundbreaking US tariffs, their impact on capital flows, and the changing investor perception of the US and Europe.

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John Butler

event April 2025

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2026-05-31

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April 2025

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Oh baby, baby, it’s a wild world

Just one quarter into the year, many policy and economic assumptions have been turned on their head. What does it all mean for equity, bond, and commodity markets around the world? Members of our Investment Strategy & Solutions Group offer their outlook.

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Nanette Abuhoff Jacobson

Supriya Menon

event April 2025

12 min

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2026-03-31

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April 2025

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Europe Equity Macro and market Wealth Program European Stewards Focused European Equity Article

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The changing face of Europe: regime change gathers pace

Macro Strategist Nicolas Wylenzek explores the drivers of Europe’s accelerating regime change and its impact on European equity markets and potential areas of opportunity.

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Nicolas Wylenzek

event April 2025

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2026-03-31

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April 2025

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Active management Equity Stewardship Wealth Program Article

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How stewardship can bring perspective amid uncertainty

Portfolio Managers Yolanda Courtines, Sam Cox, Investment Director Alex Davis and Investment Specialist Fred Owens-Powell examine how a stewardship perspective can help equity investors uncover opportunity amid uncertainty.

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event April 2025

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2026-05-31

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Fixed income Volatility Portfolio strategy Institutional Program Article

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Finding fixed income opportunity in unprecedented times

Brian Garvey and Brij Khurana highlight the importance of diversified fixed income portfolios in managing volatility and seizing opportunities amid economic uncertainty.

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Brian Garvey

Brij Khurana

event April 2025

4 min

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2026-04-30

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March 2025

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Fixed income Volatility Portfolio strategy Institutional Program Article

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Allocating to fixed income in an age of austerity

Amar Reganti and Adam Norman explore how flexible fixed income strategies may offer stability and yield in a volatile market environment.

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Amar Reganti

Adam Norman

event March 2025

5 min

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2026-04-30

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March 2025

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Health care Macro and market Fiscal policy Content CoE Program Global Program USA Inflation Wellington on Washington and the World Article

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Shrinking the government footprint: Medicaid cuts and America’s economic health

Macro Strategist Juhi Dhawan looks at what changes to the mammoth US Medicaid program could mean for economic growth, employment, inflation, and financial markets.

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Juhi Dhawan, PhD

event March 2025

8 min

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2026-03-31

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March 2025

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Active management Equity Portfolio construction Wealth Program EMEA Focused European Equity Article

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The power of local perspective: the rewards of a contrarian approach to European equities

Portfolio Manager Tom Horsey and Investment Director Thomas Kramer explain why they see compelling opportunities in today's European equity market for contrarian, bottom-up investors.

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Thomas Horsey

Thomas Kramer

event March 2025

4 min

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2026-03-31

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March 2025

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Active management Asset allocation Private investing Private Investing Program Tactical allocation Article

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Private investments: How much should I own?

Our experts discuss the key steps to determine the size of private-market allocations, focusing on illiquidity tolerance, excess return needs, and manager selection.

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Supriya Menon

Alex King, CFA

event March 2025

4 min

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2026-03-31

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March 2025

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Blockchain Cryptocurrency Strategic allocation Content CoE Program Global Program iStrat Article

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Bitcoin on the brink: What investors need to know

As bitcoin appears to be entering a new phase of acceptance, we offer a brief asset owner's guide to the cryptocurrency's role, the evolving regulatory environment, potential investment benefits and risks, and portfolio implementation.

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event March 2025

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2026-03-31

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March 2025

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Active management Fixed income Credit Content CoE Program Global Program Article

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The yield buyer

Our fixed income experts examine the impact of tight credit spreads and elevated yields on today’s credit markets and explore the value of active management.

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Amar Reganti

Adam Norman

event March 2025

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2026-03-31

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March 2025

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Fixed income Inflation Interest rates Content CoE Program Global Program Article

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FOMC meeting: Misery loves company

Fixed Income Portfolio Manager Jeremy Forster explores the Fed's decision to hold rates, downgraded economic forecasts, and the implications of balance-sheet policy changes on inflation and market conditions.

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Jeremy Forster

event March 2025

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2026-03-31

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March 2025

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Fixed income Credit What's current in credit Content CoE Program Global Program Credit Total Return Article

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High hopes and low credit spreads

Connor Fitzgerald highlights the implications of tight credit spreads and the importance of flexibility for fixed income managers navigating today's market.

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Connor Fitzgerald, CFA

event March 2025

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2026-03-31

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March 2025

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Fixed income LDI Alert Liability-driven investing DB Private Program iStrat Strategic allocation Article

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The high cost of unfunded duration — and some hope on the horizon

With many corporate DB plans thinking about managing their hedge ratios, members of our LDI Team explain the high cost of synthetic duration, how plans might want to think about this issue when targeting a specific duration profile, and why costs could improve over time.

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event March 2025

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USA Macro and market Inflation Content CoE Program Global Program Wellington on Washington and the World Innovation Article

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Shrinking the government footprint: Deregulation and the US economy

Macro Strategist Juhi Dhawan shares her view on the economic effects of the Trump administration’s efforts to slash red tape, including the impact on growth and inflation, as well as some of the potential drawbacks of this approach.

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Juhi Dhawan, PhD

event March 2025

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2026-03-31

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CLO equity returns in a tight spread environment

Our CLO experts discuss CLO equity investing in today's tight spread environment, focusing on arbitrage, optionality, and income potential.

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Alyssa Irving

Andrew Bayerl, CFA

event March 2025

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2026-02-28

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Macro and market Geopolitics Tactical allocation Content CoE Program Global Program iStrat Multi-asset Wellington on Washington and the World Article

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The US equity rotation: Where have all the good vibes gone?

After riding into 2025 on a wave of post-election euphoria, the US stock market has struggled to find its footing so far this year. Global Investment and Multi-Asset Strategist Nanette Abuhoff Jacobson looks at what’s changed in the markets and what it might mean for investors.

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Nanette Abuhoff Jacobson

event March 2025

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2026-03-31

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Interest rates Private equity Venture capital Private Investing Program Private investing Article

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No more free lunch: Impact of higher interest rates on private equity

We explain what the direct and indirect rate exposure of buyouts, venture capital, growth equity, secondaries, and fund-of-funds mean for investors.

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William Craig

Mark Watson, CAIA

event February 2025

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2026-02-28

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Equity Carbon emissions Utilities Wealth Program Energy Active management Article

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Power play: Building the case for infrastructure in 2025

The long-term case for listed infrastructure remains compelling. But could near-term catalysts, such as nuclear and natural gas, also drive performance in the short term?

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Tom Levering

event February 2025

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2026-02-28

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February 2025

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Germany Elections Wellington on Washington and the World Content CoE Program Global Program Article

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A pivotal election result for Germany and Europe

Macro Strategists Eoin O’Callaghan and Nicolas Wylenzek share their initial observations on what the pivotal Federal election results in Germany could mean for investors.

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Eoin O'Callaghan

Nicolas Wylenzek

event February 2025

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2026-02-28

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February 2025

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Economic cycle Market commentary Monthly Market Review Institutional Program Multi-asset Article

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Monthly Market Review — January 2025

A monthly update on equity, fixed income, currency, and commodity markets.

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Brett Hinds

Jameson Dunn

event February 2025

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2026-02-28

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USA Fixed income Fiscal policy Content CoE Program Global Program Wellington on Washington and the World Government bonds Article

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US debt dynamics: Is there a path to sustainability?

How worried should investors be about US debt sustainability? Macro Strategist Michael Medeiros discusses the implications of soaring US federal budget deficits and the likely bond market response.

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Michael Medeiros, CFA

event February 2025

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2026-02-28

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February 2025

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USA Total return Credit Wealth Program Fixed income Wealth Volatility Article

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Time for credit selection to shine

Fixed income investors continue to seek answers to an era of volatile rates. Large, static exposures to credit markets no longer cut it. Instead, a nimble and dynamic approach is more likely to create resilient and consistent total return outcomes.

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Connor Fitzgerald, CFA

event February 2025

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2026-02-28

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February 2025

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Fixed income Macro and market Asset allocation Content CoE Program Global Program Article

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Convertible bonds: Attractive total return potential in a compressed fixed income landscape

Fixed Income Portfolio Manager Michael Barry details his optimism for convertible bonds in 2025, focusing on their attractive yields, equity upside potential, and exposure to growth-oriented sectors like technology and healthcare.

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Michael Barry

event February 2025

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2026-02-28

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Mid-cap Small-cap Asset allocation Institutional Program Equity Americas Article

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Setting the stage for small caps in 2025

Our small-cap equity experts discuss valuation, market cycles, economic conditions, and sector diversification, profiling the potential of small-cap equities in 2025.

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Private investing USA Climate tech Private portfolio companies Climate growth Article Private investments Energy Private Investing Program Mid-stage Private equity

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Wiring the future: Emerging tech for the transmission-grid build-out

Learn how our climate technology investment team is researching private market opportunities in high-capacity conductors and other energy grid-tech innovations.

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Greg Wasserman, CFA

event February 2025

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LDI Alert Macro and market Asset allocation DB Private Program Private pension (DB) iStrat Multi-asset Strategic allocation Liability-driven investing Article

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Flipping the script: Our updated market outlook and the derisking/rerisking decision

Members of our LDI Team share an unusual outlook for equities and bonds and explain what it could mean for US corporate pension plans contemplating either derisking or rerisking moves from here.

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Amy Trainor, FSA

Ian Spencer

event February 2025

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February 2025

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Government bonds Artificial intelligence (AI) Disruption Content CoE Program Global Program Information technology Multi-asset USA China EM equity Large-cap Opportunistic Fixed Income Article Yielding insights

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Deeply seeking the impact of AI spending on bond yields

Brij Khurana explores the surprising way in which AI spending may impact Treasury yields and complicate the Fed's rate-policy decisions.

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Brij Khurana

event February 2025

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2026-02-28

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Active management Europe Fixed income Wealth Program Article

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Top five fixed income ideas for European investors

Investment Directors Tobias Ripka and Marco Giordano share their top five fixed income ideas for European investors in 2025.

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Tobias Ripka, CFA, CFA

Marco Giordano

event February 2025

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USA Fixed income What's current in credit Content CoE Program Global Program Elections Article

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Sitting in the slack tide of US fiscal stimulus

Portfolio Manager Connor Fitzgerald profiles the risks of the Trump administration's policies around spending cut, tariffs, and immigration, and analyzes potential effects on US growth.

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Connor Fitzgerald, CFA

event February 2025

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USA Inflation Interest rates Content CoE Program Global Program Elections Macro Article Wellington on Washington and the World

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The US immigration crackdown: Weighing the economic implications

As the details of new US immigration policies come into focus, Macro Strategist Juhi Dhawan considers the risks they may pose for the labor market and the broader economy.

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Juhi Dhawan, PhD

event February 2025

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2026-02-28

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What's current in credit Government bonds Asset allocation Content CoE Program Global Program Total return Fixed income Article

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Turning tides for US Treasuries

Uncover the case for US Treasuries in fixed income portfolios against the current market backdrop.

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event February 2025

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Geopolitics in 2025: Risks, opportunities, and deepening uncertainties

Geopolitical Strategist Thomas Mucha outlines his structural, policy, and geopolitical outlook for the year.

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Fed in holding pattern

Fixed Income Portfolio Manager Jeremy Forster unpacks the US Federal Reserve's decision to pause its interest-rate-cutting cycle.

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Emerging markets under Trump 2.0: expect the unexpected

Portfolio Manager Dáire Dunne and Investment Director Irmak Surenkok discuss what Trump 2.0 entails for emerging markets investors and what useful lessons they can learn from his first term.

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High-yield bond investing in 2025: the year of the coupon

High-yield bond Portfolio Managers Konstantin Leidman and Mike Barry, and Investment Director Jennifer Martin discuss why, in 2025, high-yield bond investing is all about the coupon.

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Europe amid regime change: where next for European equities?

Is pessimism on Europe overdone? Macro Strategist Nicolas Wylenzek discusses why he believes Europe is in the middle of a regime change with significant opportunities for active equity investors.

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What an “America first” foreign policy may mean for markets

Fixed Income Portfolio Manager Brij Khurana explores the potential market impacts of President Trump's "America first" foreign policy. From regional hegemony to global economic dominance to tariffs applied for strategic geopolitical gain, discover how these shifts could affect investors.

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Monthly Market Review — November 2024

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Picture this: Economic forecast in 6 charts

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Monthly Market Review — December 2024

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Four achievable New Year’s resolutions for investors

Are New Year’s Resolutions for investors purely aspirational or a helpful tool? Investment Strategy Analyst Alex King believes the latter and proposes four achievable resolutions.

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Balancing bumps in the road and big-picture thinking in 2025

How can investors position portfolios for bumps in the road without losing sight of longer-term opportunities?

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event January 2025

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Top 5 fixed income ideas for 2025

Fixed Income Strategist Amar Reganti and Investment Communications Manager Adam Norman outline which five areas of fixed income may be best positioned in 2025.

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Climate adaptation may cost trillions. Is your portfolio ready?

With climate adaptation and resilience spending projected to exceed mitigation spending sixfold by 2050, we believe investors should consider allocations to adaptation-aligned opportunities.

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The allocator’s checklist for 2025 and beyond

Head of Multi-Asset Strategy Adam Berger offers near- and longer-term ideas for allocators, including thoughts on alternatives, potential market surprises, and risk management.

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event January 2025

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Executive Summary 2025: Finding opportunity amid uncertainty

In this article, we summarize some of the key findings from our 2025 outlooks, from divergence-driven opportunities to the impacts of AI and beyond.

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LDI in 2025: Ten questions corporate plan sponsors are asking

Members of our LDI Team address a range of topics that US corporate plans will be thinking about this year, from pension funding and accounting issues to portfolio diversification opportunities.

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Amy Trainor, FSA

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event January 2025

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Three performance drivers could help hedge funds rev up returns

Alex King and Adam Berger, members of our Investment Strategy & Solutions Group, explain why we're at a turning point for economic and market conditions that could benefit hedge funds and make them a potentially valuable addition to a multi-asset portfolio.

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event January 2025

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Alternative Investment Outlook

This collection provides timely ideas across the spectrum of alternative investments -- including hedge funds, private equity, and private credit.

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event January 2025

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Fed delivers rate cut, but hawkish 2025 guidance sends yields up

Fixed Income Analyst Caroline Casavant examines the outcome of the December 18 Federal Open Market Committee meeting and the implications for rates, inflation, and real growth.

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Accelerating the future of active management

CEO Jean Hynes explains how Wellington is building for the future of active management by investing in our capabilities and aligning our organization and talent with clients’ shifting needs.

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Jean Hynes, CFA

event December 2024

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2025-12-31

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Governance best practices in public markets

For private companies approaching the public markets, we highlight the corporate governance best practices that can help pave strong relationships with public market investors.

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Concentrated markets: Implications for active management, manager research, and multi-manager capital allocation

Members of our Fundamental Factor Team share research insights on the portfolio impact of benchmark concentration and highlight tools that may help, including extension strategies, passive-share analysis, and index-completion approaches.

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event December 2024

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Private biotech: Immunology and inflammation’s third wave

Our experts discuss how I&I is building on industry progress to offer new treatment solutions and interesting opportunities for private biotech investors. 

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A guide to investing in the age of anxiety

There's a long list of issues worrying asset owners, from geopolitical risk to high valuations. To help, Head of Multi-Asset Strategy Adam Berger offers coping tips for an uncomfortable investment backdrop and a world where investing rules of thumb may be broken.

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event December 2024

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Multi-Asset Investment Outlook

To help think through the asset allocation outlook and implications for this year, we offer views from iStrat, our investment strategy and solutions group.

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Time to get active? 5 equity investment ideas for 2025

As we head into 2025, growth seems poised to accelerate, especially in the US. Equity Strategist Andrew Heiskell and Macro Strategist Nicolas Wylenzek see five themes that may create opportunity across global equity markets.

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Going their separate ways: Capitalizing on bond divergence

Our fixed income experts discuss how to position portfolios for a world of uncertainty and divergence, exploring key themes and evolving bond opportunities for 2025.

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Securitized credit: Opportunity amid tight corporate spreads?

Portfolio Managers Rob Burn and Cory Perry discuss why they believe securitized credit has an attractive role to play in today’s tight-spread environment and highlight potential areas of opportunity in 2025.

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Trump 2.0: Time to curb your enthusiasm? 

How does an allocator navigate markets when so much about the policy landscape is unknown? Our Investment Strategy & Solutions Group offers their views on the new political realities in the US and their global implications, including for equities, bonds, and commodities.

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The credit cycle has been extended — but what’s next?

Credit experts Derek Hynes, Joe Ramos and Will Prentis discuss why they believe the current credit cycle still has legs and explore likely implications for credit portfolios in 2025.

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Private Investment Outlook

In our private market outlook collection, we explore the themes driving the rapid evolution of private credit and private equity markets.

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Private credit outlook for 2025: 5 key trends

Our private credit experts, Emily Bannister and Sonali Wilson, highlight five critical trends for 2025: the convergence of public and private markets, AI's impact on private credit, the evolving role of banks in lending markets, the impact of higher interest rates, and the importance of financial covenants.

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Venture capital outlook for 2025: 5 key trends

Our venture capital experts are encouraged by the healthier environment for venture capital in 2025. In this year's outlook, they explore key themes for the year ahead, including: higher deployment, AI, rebounding IPOs, and impacts of the 2024 election.

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High-yield credit investing: it’s a marathon, not a sprint

Fixed Income Portfolio Manager Konstantin Leidman explains his focus on the high-quality companies likely to outperform over the long term and why he is wary of the hype surrounding potentially bubble-inducing developments like generative AI.

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Konstantin Leidman, CFA

Jennifer Martin, CFA

event December 2024

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Is your portfolio keeping pace with the changed outlook?

It's been an uncertain few years for investors, but looking ahead, we believe investors can expect a resilient economy, a solid outlook for growth and a positive environment for risk assets. What does a changed outlook mean for investors?

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Nick Samouilhan, PhD, CFA, FRM

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Don’t let recency bias get in the way of good investment ideas

Tim Antonelli, Head of Multi-Asset Strategy – Insurance, offers ideas to help insurers avoid being anchored to recent events and build portfolio resilience, from locking in higher yields to taking a more dynamic approach with surplus assets.

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Tim Antonelli, CAIA, CFA, FRM, SCR

event November 2024

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The year of uncertainty: 5 macro themes to watch in 2025

Macro Strategists John Butler and Eoin O’Callaghan outline five macro themes for investors to watch in 2025 in a year they see defined by exceptional uncertainty and an extraordinary macroeconomic backdrop.

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Monthly Market Review — October 2024

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Listening to voters’ economic concerns should mean less fiscal spending

Fixed Income Portfolio Manager Brij Khurana explains the likely economic and market impacts of Trump administration policies, including potential winners and losers from drastic fiscal spending cuts.

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Navigating uncertain policy shifts

Macro Strategist Juhi Dhawan explains why investors should prepare for heightened volatility in 2025, due to significant policy changes under President-elect Trump that will impact inflation, trade, and economic growth.

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Time for bond investors to take the wheel?

Volatility makes bond investing less straightforward, but it can also create opportunities, provided investors are in a position to "take the wheel" in order to capitalise on them.

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Nick Samouilhan, PhD, CFA, FRM

Jonathan Tan, CFA

event November 2024

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Fed stays its course while acknowledging brewing winds of change

Our expert examines the underlying data which drove the Fed to stay its rate-cutting course.

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Jeremy Forster

event November 2024

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What do declining European earnings mean for ECB policy?

European companies have been unexpectedly resilient over the last couple of years. However, the outlook for European earnings could be more challenging than headline numbers suggest. What could this mean for investors?

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Nicolas Wylenzek

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Are bond investors ready for a US industrial revolution?

Portfolio Manager Connor Fitzgerald discusses why bond investors should ready themselves for a potential US industrial revolution and shares his perspective on how to reposition portfolios for such a scenario.

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Connor Fitzgerald, CFA

event November 2024

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USA Elections Geopolitics Content CoE Program Global Program Wellington on Washington and the World Article

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It’s different this time: Trump faces challenging geopolitical dynamics

Our expert explores how Trump may approach the heightened geopolitical challenges his second administration faces.

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Thomas Mucha

event November 2024

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Trump win likely to accelerate macro trends already in motion

The US election results could have significant implications for the global economy and markets. To help you understand these changes, US Macro Strategist Mike Medeiros provides a thorough analysis and discusses the potential market impacts.

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Michael Medeiros, CFA

event November 2024

5 min

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2025-11-30

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November 2024

9 min

Private investing Late-stage growth Venture capital Article Artificial intelligence (AI) Private Investing Program Private equity

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AI is hungry: What’s on the menu?

Our technology venture capital experts explore AI’s potential for disruption, highlight potential winners and losers, and dive deep into the innovation’s impact on the software industry.

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Rob Mazzoni

Mark Watson, CAIA

event November 2024

9 min

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2025-11-30

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November 2024

5 min

Impact Private portfolio companies Venture capital Private Investing Program Impact investing Private equity Impact measurement Private investments Sustainable investing Private investing Article

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Measuring impact in venture capital

We highlight why venture capital matters to impact investors and how to authentically measure and manage impact in this asset class.

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Oyin Oduya, CFA

event November 2024

5 min

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2025-11-01

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October 2024

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Elections Market commentary Multi-asset Content CoE Program Global Program Wellington on Washington and the World Americas Discretionary Article

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Pre-election ideas for investors: Lean into what you know (not what you don’t)

Our expert offers investable ideas based on known macro and market conditions, rather than speculation.

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event October 2024

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2025-10-31

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The power of local perspective: the long and short of European equity investing

Dirk Enderlein and Boris Kergall explain why, in their view, the structural changes impacting European equity markets offer active long/short investors a rich source of potential return and diversification.

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Dirk Enderlein, CFA

Boris Kergall, CFA

event October 2024

7 min

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2025-10-31

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October 2024

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Impact Sustainability Portfolio strategy Impact investing Equity Fixed income Sustainability policies Impact measurement Sustainable investing Article

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Impact measurement and management: addressing key challenges

Our IMM practice leader describes common impact investing challenges and suggests ways to overcome them. 

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Oyin Oduya, CFA

event October 2024

5 min

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2025-10-31

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October 2024

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Liability-driven investing Risk management Tactical allocation iStrat Private pension (DB) Multi-asset Article

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Why more corporate plans should pass on pension risk transfers

LDI Team Chair Amy Trainor explains why she believes a pension risk transfer may, in many cases, not be the best choice for fully funded plans from a cost/benefit standpoint.

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Amy Trainor, FSA

event October 2024

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2025-11-30

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October 2024

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Active management Growth Equity Wealth Program Article

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Quality growth — a less volatile sweet spot?

Growth stocks can be volatile, especially when companies fail to meet expectations. However, high-quality growth companies can help mitigate downside risk while still offering potential for long-term outperformance. How can investors find the sweet spot?

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event October 2024

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Active management Large-cap Sustainability Wealth Program Fundamental equity Global Stewards Article

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Unlocking the full value potential of stewardship

Yolanda Courtines and Alex Davis examine how corporate stewardship can be a source of value and delve into what investors can do practically to maximise its full potential.

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Yolanda Courtines, CFA

Alex Davis

event October 2024

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2025-10-31

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October 2024

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Quarterly Market Review

A quarterly update on equity, fixed income, currency, and commodity markets.

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Brett Hinds

Jameson Dunn

event October 2024

18 min

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2026-10-31

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October 2024

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Decoding impact expectations: best practices for impact investors and companies

We share three recommendations each for impact investors and companies to help them better understand and manage each other's expectations.

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Louisa Boltz

Oyin Oduya, CFA

event October 2024

6 min

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2025-10-31

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October 2024

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Monthly Market Review — September 2024

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Brett Hinds

Jameson Dunn

event October 2024

18 min

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2025-10-31

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Small-cap Global Industry Research Biotech Institutional Program Discover Large-cap Thematic solutions Article Equity

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Strong fundamentals, attractive valuations: Why the time may be right for active biotech investing

From solid fundamentals to supportive macro conditions, learn why our biotech experts believe the industry may be ready to run.

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Wen Shi, PhD, CFA

Mark Sevecka, PhD

event October 2024

8 min

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2025-10-31

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October 2024

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Navigating AI resource demands: Strategies for sustainable data center operations

AI's growing computational demands are raising critical questions about energy efficiency and water-resource management. We delve into strategies for enhancing sustainable data center operations, highlighting the importance of proactive resource stewardship.

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Caroline Conway

event October 2024

10 min

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2025-10-31

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October 2024

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What is “the economic cycle,” anyway?

See why the relationship between asset prices and the economic cycle is more complex than you might think, why a US recession is unlikely, and what a more dovish Fed could mean for the US and global markets.

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Brij Khurana

event October 2024

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2025-10-31

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October 2024

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Take it “ease”-y

Tim Antonelli, Head of Multi-Asset Strategy – Insurance and Portfolio Manager, explains why he thinks insurers should consider locking in current yields and sticking with global equity exposure.

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Tim Antonelli, CAIA, CFA, FRM, SCR

event October 2024

18 min

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2025-10-31

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October 2024

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Japan Equity Automation Wealth Program Global Industry Research Industrials Article

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Japan’s factory automation sector: Poised for a significant upturn?

Global Industry Analyst Takuma Kamimura explains why he believes we’re on the verge of a multiyear cyclical upturn in the factory automation sector and why he sees a compelling outlook for select Japanese companies in particular.

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Takuma Kamimura

event October 2024

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2025-10-31

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October 2024

7 min

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US election special: which investment themes win at the polls?

The upcoming US election could be one of the most momentous in recent history. How could the result affect different investment themes? Our thematic team investigate the potential implications for investors.

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event October 2024

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2025-10-31

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October 2024

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Macro and market Interest rates Monetary policy Content CoE Program Global Program Article

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Can central bank independence survive?

Can central bank independence survive? Macro Strategist John Butler discusses the challenges faced by central banks in an increasingly fraught political environment and how investors should adjust.

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John Butler

event October 2024

5 min

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2025-09-30

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October 2024

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Securitized credit: Normalizing, decelerating, or falling off a cliff?

Our experts offer their views on the current conditions and outlook for the securitized credit market.

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event October 2024

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2025-10-31

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Sahm rules are meant to be broken

Fed easing is finally here and fundamentals remain favorable. But what about that election? Members of our Investment Strategy & Solutions Group offer their outlook, including their latest views on equities, bonds, and commodities.

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event October 2024

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2025-10-31

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October 2024

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Geopolitics Macro and market Energy Content CoE Program Global Program Article

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What’s next after Iran’s missile attack on Israel?

Geopolitical Strategist Thomas Mucha shares his analysis of the latest escalation in the Middle East conflict, including his thoughts on a wider regional war and the market implications.

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Thomas Mucha

event October 2024

2 min

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2025-10-02

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October 2024

9 min

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Assessing the impact of climate resilience

Oyin Oduya and Louisa Boltz discuss the case for impact solutions focused on climate adaptation and share high-level guidelines to help overcome the associated measurement challenge.

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Oyin Oduya, CFA

Louisa Boltz

event October 2024

9 min

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2025-10-02

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October 2024

6 min

Private investing Venture capital Article ESG insights for private companies Value creation Private company management Americas Private Investing Program Private companies Private equity

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Designing an executive compensation program: Five best practices for private companies

Our Value Creation Team highlights best practices for creating effective executive compensation programs for private companies approaching IPO.

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event October 2024

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2025-10-31

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September 2024

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An active investor’s guide to growth equities

Our experts offer their view on the current economic environment, explore best practices for investing in high-quality growth equities, and highlight where they see opportunity now.

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event September 2024

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2025-09-30

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Monthly Market Review — August 2024

A monthly update on equity, fixed income, currency, and commodity markets.

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Brett Hinds

Jameson Dunn

event September 2024

12 min

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2025-09-30

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Rate relief: Fed cuts half point, but says “economy is strong” 

Our expert explains the Fed's bold rate cut and some key takeaways for investors.

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Caroline Casavant

event September 2024

3 min

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2025-09-30

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Fixed income Monetary policy Yielding insights Content CoE Program Global Program Market commentary Americas Opportunistic Fixed Income Interest rates Article

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The real issue on rate cuts? Keep your eyes on the dot (plot)

Keep your eyes on the Fed's 2025 dot plot. The real story is where policy rates are headed, not just the next rate cut.

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Brij Khurana

event September 2024

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2025-09-30

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September 2024

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Venture capital Late stage Private equity Liquid alternatives & hedge funds Private companies Private company management Private investments Article

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Private equity deep dive

We explore four key private equity questions to help investors better understand how these strategies compare and complement each other in a portfolio. In particular, we highlight the distinct opportunity sets, risk-return characteristics, and portfolio roles of venture capital and buyout strategies.

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William Craig

Mark Watson, CAIA

event September 2024

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2025-09-30

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September 2024

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USA Elections Tactical allocation Wealth Program Wellington on Washington and the World Article iStrat

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The US elections through the eyes of a European investor

Supriya Menon, Head of Multi-Asset Strategy – EMEA, explores what potentially material implications upcoming US elections could have for European investors and identifies key areas to monitor closely.

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Supriya Menon

event September 2024

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2025-09-30

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September 2024

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When public and private markets converge

Wellington President Steve Klar discusses the evolution of the public and private markets and what it means for asset owners as they seek to tap into the growth potential of private companies and be more nimble in their investment approach.

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Steve Klar

event September 2024

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2025-09-30

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Japan Market disruptions Volatility Content CoE Program Global Program Large-cap Equity Liquid alternatives and hedge funds USA EMEA Germany Yielding insights Brand Fixed income Wealth Article

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What the yen carry trade unwind could mean for markets and the Fed

Brij Khurana explains why market participants are likely underestimating how foreign ownership of US assets could constrain the pace and magnitude of the Fed’s cutting cycle.

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Brij Khurana

event September 2024

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2025-09-30

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The investment implications of Europe’s ageing workforce

What are the investment implications of Europe’s ageing workforce? Macro Strategist Nicolas Wylenzek explores the drivers of this accelerating demographic shift, Europe’s likely response and the opportunities it creates for investors.

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Nicolas Wylenzek

event September 2024

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2025-10-31

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Four investment perspectives amid a pivotal US election

How can investors reposition portfolios for a pivotal but highly unpredictable US elections? Nick Samouilhan explores potential avenues in conversation with three leading portfolio managers.

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event September 2024

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2025-09-30

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Active management Fixed income Macro and market Wealth Program Americas Brazil Canada Mexico USA APAC Asia Australia China India Japan EMEA Africa Europe France Germany Italy Russia United Kingdom Emerging markets Inflation Interest rates Macro Monetary policy Asset allocation Article

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Time to capitalise on the evolving role of bonds?

We outline why we think the new economic era is elevating the role of bonds as a source of attractive and stable income, downside protection and portfolio diversification.

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Marco Giordano

event September 2024

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2025-09-30

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Diversification Fixed income Impact investing Wealth Program Active management Investment grade Global Impact Bond Article

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Destination diversification – is your bond portfolio ready to take flight?

In a new economic era, bonds once again provide the potential for downside protection, but diversification within fixed income is increasingly important. Impact bonds can offer a differentiated and diversified way to drive both positive change and returns.

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Marco Giordano

Campe Goodman, CFA

event September 2024

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2025-09-30

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September 2024

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Diving into the new world of credit

Now that spreads have tightened, some investors think it's too late to invest in credit. But this assumption could be standing in the way of earning an attractive income.

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Marco Giordano

Derek Hynes

event September 2024

5 min

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2025-09-30

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September 2024

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Active management Growth Fixed income Wealth Program High yield Euro High Yield Article

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Opportunities in high yield: ready, steady, pounce?

Fixed income investors face a fundamentally different environment, but opportunities to target growth in high yield are emerging, provided investors can stay on the front foot.

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Marco Giordano

Konstantin Leidman, CFA

event September 2024

6 min

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2025-09-30

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Active management Growth Fixed income Wealth Program High yield Article

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Opportunities in high yield: ready, steady, pounce?

Fixed income investors face a fundamentally different environment, but opportunities to target growth in high yield are emerging, provided investors can stay on the front foot.

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Marco Giordano

Konstantin Leidman, CFA

event September 2024

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2025-09-30

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Capital securities: Why these hybrid investments may offer a compelling risk/reward profile

Members of our Fixed Income team explain why capital securities, a hybrid asset class that shares characteristics of bonds and stocks, may offer attractive diversification, income, and return potential.

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Noah Atlas, CFA

Brian Garvey

event September 2024

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2025-08-31

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September 2024

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Diversification Commodities Sustainability Sustainable Investing Program Sustainable investing Article

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Commodities and the energy transition: Symbiosis for the future

The global energy transition is driving demand for commodities. Our experts explain which ones will be needed most.

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August 2024

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Private credit Fixed income Volatility Institutional Program Credit Liquid alternatives & hedge funds Private investing Article

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CLO equity insights: Private credit

Explore how the convergence of public and private markets is impacting CLO equity, including the unexpected benefit it has driven in recent years.

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Alyssa Irving

Andrew Bayerl, CFA

event August 2024

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2025-08-31

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August 2024

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Japan Equity Asia tech Wealth Program Global Industry Research Information technology Article

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Japan’s tech sector: Time for a reboot?

Japan's semiconductor industry has revived global interest in Japan's tech ecosystem. But we believe the dynamism of Japan's tech sector today doesn't start and end with electronics and semiconductors.

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Yash Patodia

Brian Yeong

event August 2024

3 min

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2025-09-30

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August 2024

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Private placements: A primer for corporate DB plans preparing to derisk

With many corporate DB plans exploring derisking opportunities, Portfolio Manager Elisabeth Perenick and Multi-Asset Strategist Amy Trainor discuss the potential role that private investment-grade credit, or private placements, could play and consider common questions about liquidity and allocation sizing.

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Elisabeth Perenick, FSA, CFA

Amy Trainor, FSA

event August 2024

9 min

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2025-08-31

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August 2024

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Biotech IPOs in 2025: Quantity, quality, and best practices

We explore today's biotech IPO market, highlighting recent market trends, key characteristics for successful biotech IPOs, and best practices to sustain momentum as a public biotechnology company.

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Nilesh Kumar, PhD

William Craig

event August 2024

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2025-08-31

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August 2024

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Monthly Market Review — July 2024

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Brett Hinds

Jameson Dunn

event August 2024

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2025-08-31

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August 2024

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Asia’s evolving venture capital market

What's next for Asian venture capital? After a decade of growth, we explore key questions and best practices for VC investors and private companies in the region.

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Prakhar Singh

Mark Watson, CAIA

event August 2024

6 min

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2025-08-31

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August 2024

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Europe Equity Financials Wealth Program Global Industry Research Large-cap EMEA Article

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The power of local perspective: where next for European banks?

Global Industry Analyst Thibault Nardin explores how monetary policy divergence, technological disruption and sector consolidation are reshaping European banks, while creating potentially compelling opportunities for active investors.

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Thibault Nardin

event August 2024

7 min

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2025-08-31

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Harris vs Trump: The foreign policy and investment implications

Our expert examines expected Harris and Trump foreign policies and their potential impact on the investment landscape.

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Thomas Mucha

event August 2024

4 min

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2025-02-28

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Walking a mile in Fed Chair Powell’s shoes

A slow roll on rate cuts by the Fed could frustrate markets and lead to more volatility ahead of the September FOMC meeting. See our take on what to expect for the next few weeks.

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Brij Khurana

event August 2024

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2025-08-31

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August 2024

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Massive market sell-off: Justified or an overreaction?

What's behind the global market meltdown, and what should investors consider doing?  Global Investment and Multi-Asset Strategist Nanette Abuhoff Jacobson shares her views.

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Nanette Abuhoff Jacobson

event August 2024

3 min

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2025-08-31

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Office to multifamily conversions: Implications for CMBS investors

Our experts explore the emerging trend in some US cities of converting office space into multi-family units and its implications for bond investors.

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event July 2024

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2025-07-31

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Global macro strategies: Multi-dimensional tools for an era of economic change

With the global economic environment creating potential opportunities for macro investors, we consider the heterogeneity of the global macro strategy universe, the case for combining different styles, and the choice between a single- and a multi-portfolio manager approach.

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Mark Sullivan, CFA, CMT

Vivian Bi, CFA

event July 2024

10 min

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2026-07-31

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Does the US election even matter? Thoughts on politics, Fed policy, and portfolios

What's next for interest rates and what impact will the US election have? Head of Multi-Asset Strategy Adam Berger and Macro Strategist Mike Medeiros share their outlook and discuss the asset allocation implications.

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Adam Berger, CFA

Michael Medeiros, CFA

event July 2024

9 min

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2025-06-30

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AI governance for private companies

Explore the critical need for AI governance for private companies, addressing evolving risks, regulations, and best practices for responsible gen AI usage.

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event July 2024

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2025-07-30

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The AI effect: Time to rethink your technology exposure?

Will AI fulfill the market's high expectations? Will it continue to drive market concentration? Head of Multi-Asset Strategy Adam Berger and Global Industry Analyst Brian Barbetta, co-head of our Technology team, discuss the outlook and the asset allocation implications.

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Adam Berger, CFA

Brian Barbetta

event July 2024

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2025-07-31

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July 2024

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Are US election probabilities now a critical driver of bond yields?

Our expert argues that the US election remains a critical catalyst for the bond market given the contrast between both parties as it relates to supply side policies such as trade and immigration, and to policy differences around taxation and regulation.

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Michael Medeiros, CFA

event July 2024

3 min

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2024-11-30

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July 2024

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European elections: all change for equity investors?

Macro Strategist Nicolas Wylenzek discusses how the elections for the European Parliament could herald significant change, with major implications for European equity investors.

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Nicolas Wylenzek

event July 2024

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2025-05-07

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July 2024

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Financial Market Review

A quarterly update on equity, fixed income, currency, and commodity markets.

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Brett Hinds

Jameson Dunn

event July 2024

17 min

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2026-07-31

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July 2024

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Come on in, the water’s fine! Ready for a surplus summer

Tim Antonelli, Head of Multi-Asset Strategy – Insurance and Portfolio Manager, explains why he continues to see reserve fixed income as the sweet spot for insurers and why there may be upside for equities.

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Tim Antonelli, CAIA, CFA, FRM, SCR

event July 2024

17 min

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2025-07-31

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July 2024

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Breaking concentration: big picture thinking with small-cap equities

How to overcome the risks associated with today's concentrated market? Investment Director John Mullins explores why small-cap equities could be part of the answer.

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John Mullins

event July 2024

6 min

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2025-07-31

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Thematic investing focus: how exactly will AI transform the world?

We are on the brink of a technological revolution that has major implications for all sectors, companies, labour, and regulators. How can a thematic lens help investors separate hype from reality?

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Dáire Dunne, CFA

Aaron Koh

event July 2024

8 min

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2025-06-30

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July 2024

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Surprise French election result: what does it mean for investors?

Macro Strategist Nick Wylenzek and Investment Director Thomas Kramer discuss the surprise French election and its implications for European equities.

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Nicolas Wylenzek

Thomas Kramer

event July 2024

4 min

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2025-07-31

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July 2024

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Ok, Boomer: How US generational wealth distribution could upend the economy and markets

Fixed Income Portfolio Manager Brij Khurana discusses the implications of US Baby Boomers' wealth concentration in the event of a market decline.

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Brij Khurana

event July 2024

5 min

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2025-06-30

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All-time highs and CPIs: What comes next?

Global fundamentals have kept markets content so far this year, but will politics sour the mood? Members of our Investment Strategy & Solutions Group offer their views on the second half of 2024, including on equities, bonds, and commodities.

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event July 2024

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2025-01-08

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July 2024

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Beyond the noise: Four key drivers of private credit opportunities

With recent negative headlines around private credit, we think it's crucial to move beyond the noise and explore the asset class's enduring trends like disintermediation, the convergence of public and private markets, and much more.

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event July 2024

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2025-06-30

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Divergence isn’t just about central bank policy

Divergence has implications for investors —and central bank divergence is only one of five ways to think about it.

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Natasha Brook-Walters

event June 2024

8 min

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2025-06-30

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June 2024

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Capitalizing on rate shifts: Parsing opportunities in the second half

Fixed Income Portfolio Manager Campe Goodman and Fixed Income Strategist Amar Reganti discuss how to capitalize on potential rate shifts in the second half of the year

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Campe Goodman, CFA

Amar Reganti

event June 2024

7 min

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2025-06-30

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June 2024

9 min

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Beyond US large cap: Where now for equity investors?

How should investors navigate a narrow market? Looking ahead to the rest of the year, Macro Strategist Nicolas Wylenzek examines the structural backdrop and Equity Strategist Andrew Heiskell shares his view on equity opportunities to watch.

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Andrew Heiskell

Nicolas Wylenzek

event June 2024

9 min

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2025-06-30

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June 2024

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Cybersecurity for private companies

We highlight today's rising cybersecurity risks, explore how they impact private companies, discuss key regulatory considerations, and share best practices for companies facing these threats.

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event June 2024

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2025-06-30

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June 2024

7 min

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8 emerging venture capital trends

We share eight of the themes driving venture capital markets in 2024, including capital efficiency, DPI, the IPO market recovery, and much more.

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event June 2024

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2025-06-30

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Investing in “3D”: Forces shaping alternatives opportunities in 2024

Multi-Asset Strategists Adam Berger and Nick Samouilhan offer six ideas from the hedge fund and liquid alternatives investment space, from global macro to multi-strategy approaches.

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Adam Berger, CFA

Nick Samouilhan, PhD, CFA, FRM

event June 2024

4 min

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2025-06-30

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Reframing fixed income portfolios: why bond maths makes the difference

It is easy to understand why fixed income investors tend to focus on yields. But investors who focus too much on yield may run the risk of overpaying for income and underestimating the impact of price volatility.

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Connor Fitzgerald, CFA

event June 2024

5 min

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2025-06-30

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June 2024

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When the Fed sneezes, the ECB… cuts rates regardless?

Since the late 1990s, when the US cycle turned, the rest of the world generally followed, with a lag. However, the new economic era is likely to result in greater cyclical divergence between countries and the need for different central bank responses. How should investors think about the age of economic divergence?

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Supriya Menon

Alex King, CFA

event June 2024

7 min

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2025-03-21

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June 2024

4 min

Active management Currency Fixed income Macro and market Euro High Yield Global Credit Plus Global High Yield Global Impact Multi-Sector Credit Opportunistic Fixed Income Corporate cash Defined contribution (DC) Distribution Private pension (DB) Public pension (DB) Sovereigns Subadvisory Union (Taft Hartley) Article

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Currency interventions — here to stay?

Marco Giordano and Danielle Wei discuss the growing risk of large-scale currency interventions and what investors can do to prepare for the associated risks and opportunities.

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Marco Giordano

Danielle Wei

event June 2024

4 min

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2025-06-30

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June 2024

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June FOMC meeting: May disinflation is welcome, but is not enough for a rate cut

Fixed Income Analyst Caroline Casavant discusses what June's FOMC meeting tells us about the US Federal Reserve’s latest thinking on interest-rate cuts.

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Caroline Casavant

event June 2024

3 min

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2025-06-30

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June 2024

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Beyond the hype: finding AI’s long-term winners

Our expert argues that a long-term mindset based on deep research can help to uncover evolving AI investment opportunities amid the hype.

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Brian Barbetta

event June 2024

4 min

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2025-04-30

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Has the European credit cycle been extended?

2024 has kept fixed income investors busy. Yet, despite lingering inflation and rate volatility, European credit markets have remained strong. Are we looking at an extended credit cycle? And if so, what does this mean for investors?

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Derek Hynes

Will Prentis

event June 2024

8 min

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2025-06-30

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June 2024

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Thriving or surviving? The state of the US consumer and the economic implications

Macro Strategist Juhi Dhawan examines the condition of the all-important consumer, including the outlook for spending, the effects of inflation and prevailing interest rates, and the consequences for the overall economy.

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Juhi Dhawan, PhD

event June 2024

8 min

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2025-06-30

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June 2024

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Battle for the supply side of the economy: US election implications

Starkly different policy agendas from Biden and Trump are examined in terms of how they may affect the supply side of the US economy. 

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Michael Medeiros, CFA

event June 2024

5 min

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2025-03-31

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June 2024

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The revenge of the monetarists

Fixed Income Portfolio Manager Brij Khurana makes the case for a monetarist explanation for moderating inflation.

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Brij Khurana

event June 2024

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2025-06-30

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Governments have been slow to reduce their fiscal deficits — it could cost them

Our expert explores the investment implications of continued excessive deficit spending by G7 countries.

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Eoin O'Callaghan

event June 2024

4 min

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2025-06-30

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May 2024

14 min

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Built to last? Identifying durable health care start-ups

Two members of our late-stage growth team share insights and results from their recent analysis of enterprise-value trajectories for private, non-biotech health care companies.

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Josh Sommerfeld

Jahon Rafian

event May 2024

14 min

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2025-05-23

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May 2024

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As India goes to the polls, is the case for Indian equities still compelling?

While current Prime Minister Narendra Modi is expected to secure a third term, a full-scale win is not a foregone conclusion. Against this backdrop and continued investor enthusiasm for Indian equities, Equity Portfolio Manager Niraj Bhagwat and Investment Director Philip Brooks assess the macro case for India. Are higher valuations justified?

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Niraj Bhagwat

Philip A Brooks, CFA

event May 2024

6 min

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2025-06-30

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May 2024

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Value stocks: Rules of thumb are meant to be broken

What will it take for value stocks to bounce back from a long period of underperformance? Members of our iStrat Team say that, conventional wisdom aside, it's not all about the economic cycle and offer their outlook for the next three to five years.

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Nanette Abuhoff Jacobson

Karoline Klimova

event May 2024

9 min

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2026-05-31

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May 2024

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Looking beyond yield: Rethinking the approach of fixed income investing

Investors face a new regime, challenging traditional assumptions about returns and volatility. With central bank interventions impacting credit markets, it’s time to rethink income allocations. Rather than fixating solely on yield, consider a dynamic approach, presented by Connor Fitzgerald.

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Connor Fitzgerald, CFA

event May 2024

5 min

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2025-05-31

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May 2024

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Structuring core fixed income: A constructive view on market and macro conditions

Head of Multi-Asset Strategy Adam Berger and Fixed Income Portfolio Manager Connor Fitzgerald discuss the interest-rate environment and the fundamental picture in investment-grade credit and high yield.

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Adam Berger, CFA

Connor Fitzgerald, CFA

event May 2024

7 min

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2025-05-30

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May 2024

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With the Fed on hold, is the case for bonds kaput?

Amid worries about sticky inflation, the market has scaled back its expectations for interest rate cuts this year. But even if rate cuts are on hold a while longer, members of our Multi-Asset Team still think investors should consider a move from cash to bonds.

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Nanette Abuhoff Jacobson

Alex King, CFA

event May 2024

5 min

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2025-05-30

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What could change the trajectory of value stocks?

Head of Multi-Asset Strategy Adam Berger and Equity Portfolio Manager Nataliya Kofman discuss “resilient” value stocks, disruptive themes, and attractive sector- and country-level opportunities.

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Adam Berger, CFA

Nataliya Kofman

event May 2024

7 min

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2025-05-31

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Small-cap stocks: Watching for mean reversion, technology diffusion, and the next inflection point

Our experts discuss factors that could help small-cap stocks rebound and the search for winners in this inefficient segment of the market.

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Adam Berger, CFA

Peter Carpi

event May 2024

8 min

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2024-12-31

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May 2024

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Innovation and M&A driving biotech recovery

We are optimistic that the biotech market will continue to recover, supported by innovation, an improving macroeconomic environment, continued M&A activity, and improved fundamentals for the sector.

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Irina Margine, PhD

event May 2024

10 min

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2025-04-30

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May 2024

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Inflation Economic cycle Monetary policy Americas Interest rates Fixed income Article

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Powell back to waiting on inflation data

Our expert's key takeaways from the May FOMC meeting.

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Jeremy Forster

event May 2024

2 min

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2025-05-31

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April 2024

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Impact Carbon emissions Emerging markets Sustainable investing Brazil Africa Equity EM debt Impact investing Article

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Impact investing in emerging markets: Growing opportunities, shifting challenges

Members of our impact bond team discuss their evolving emerging markets opportunity set and the importance of a bottom-up approach to value creation.

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Multiple authors

event April 2024

6 min

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2025-04-30

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Can hedge funds play the role?

How should investors select the most suitable types of hedge funds for specific roles? Members of our Investment Strategy & Solutions Group offer a simple and intuitive framework that can help.

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2025-03-31

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Why an impact lens is an important tool in the fixed income investor's arsenal

Campe Goodman, Will Prentis and Oyin Oduya discuss how an impact lens can be an important tool in the fixed income investor's arsenal. 

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event April 2024

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2025-04-30

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April 2024

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The Fed’s lessons learned from its COVID response

Fixed Income Portfolio Manager Brij Khurana breaks down the central bank's policy decisions during the pandemic and explains how they continue to affect financial markets.

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Brij Khurana

event April 2024

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2025-04-30

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April 2024

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4 equity themes: Budding opportunities in small caps and more

Our expert highlights 4 areas where he sees opportunity in global equity markets.

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Andrew Heiskell

event April 2024

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2025-04-30

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April 2024

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Picking the right building blocks for a climate-aware portfolio

For asset owners integrating climate change into their multi-asset portfolios, members of our Investment Strategy & Solutions Group offer five important insights.

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2025-04-30

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April 2024

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Japan equity: Reason to believe

Our expert argues that corporate governance reform and the Japanese economy's escape from persistent deflation have laid the groundwork for a sustainable equity rally.

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Toshiki Izumi, CFA, CMA

event April 2024

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2025-04-30

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April 2024

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Thematic investing focus: evolving the current generation of energy

The energy transition is taking place amid a greater focus on energy security and affordability. What could this mean for the role of traditional energy companies, ask Keith White Daouii Abouchere and Megan Galligan. 

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2025-04-30

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Thematic exposure Carbon emissions Energy iStrat program Emerging Market Development iStrat Article

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Thematic investing focus: advancing the next generation of energy

The decarbonisation process represents the biggest capital cycle in our lifetime. As we develop the next generation of energy, Keith White, Daouii Abouchere and Megan Galligan examine how thematic investors can make the most of this structural opportunity. 

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April 2024

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Biden 2.0: National security and investment themes

The geopolitical and investment implications of a potential second Biden term.

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Thomas Mucha

event April 2024

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2025-04-30

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April 2024

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A turning point for US small caps

Myth busting US small caps: why now could be a compelling entry point for the asset class.

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Risky business: Is now the time for surplus action?

Tim Antonelli, Head of Multi-Asset Strategy – Insurance and Portfolio Manager, considers insurers' renewed interest in risk assets and offers his views on areas that may be worth a closer look.

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Tim Antonelli, CAIA, CFA, FRM, SCR

event April 2024

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2025-04-30

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The immigration surge: Political challenge, economic blessing?

Macro Strategist Juhi Dhawan considers the impact of rising immigration, a top issue in this year's US elections, on growth, interest rates, and the labor market.

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Juhi Dhawan, PhD

event April 2024

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2025-04-30

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Four questions for investors after Japan’s historic hike

With the Bank of Japan having finally moved out of negative rates, Macro Strategist John Butler identifies the four key questions he believes investors should focus on.

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John Butler

event April 2024

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Do fundamentals support a risk-on tilt?

Surprisingly strong economic growth, declining inflation, easy financial conditions — can it get any better for markets? Members of our Investment Strategy & Solutions Group offer their outlook, including their latest views on equities, bonds, and commodities. 

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2025-03-31

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Hyper-personalization and the AI-driven commerce revolution

A member of our early-stage venture team explores the many ways in which artificial intelligence is likely to transform the consumer experience.

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2025-03-31

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Using defensive equities in a return-seeking portfolio: A factor framework for corporate plans

Members of our LDI and Fundamental Factor teams share their views on defensive equity investments, including their role in a plan's portfolio and the current environment for defensive factors.

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Tom Simon, CFA, FRM

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event March 2024

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2025-03-31

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Key factors to monitor in European equities

Macro Strategist Nicolas Wylenzek assesses the longer-term prospects of European equity markets through the prism of five key factors.

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2025-03-31

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Is there opportunity for high yield in today’s new economic era?

Is there opportunity for high yield in today’s new economic era? Portfolio Manager Konstantin Leidman explores.

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2025-03-31

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No bulls in the China shop?

John Mullins, Irmak Surenkok and Steven Ye assess the investment debate surrounding China's prolonged underperformance and outline three investment ideas for active investors to consider.

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The Trump/Biden rematch: Market implications of unprecedented policy divergence 

Macro Strategist Juhi Dhawan discusses six key areas of policy debate in this year's US election that she expects will matter most to markets, from the tax and spending plans to trade and geopolitics.

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Juhi Dhawan, PhD

event March 2024

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2025-03-31

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Quality value: getting (more than) what you pay for?

Quality and resilience often go hand in hand, but resilience measures future quality. How can resilient companies offer value to long-term investors? And how can investors identify them?

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2025-03-08

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Is the US economy really that different since COVID?

US economists have been touting the resilience of the post-COVID economic rebound. Brij Khurana dissects several key economic indicators to see what's really changed since 2019. 

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event March 2024

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2025-03-31

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March 2024

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Adopt a new vantage point for diversifying your portfolio

Supriya Menon, Alex King and John Mullins explore why a diversified mixed of fixed income exposure is a key component of a nuanced approach to diversification in today's cyclical macro regime.

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2025-01-31

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How to nurture a growth mindset in a higher-yielding landscape

In a higher-yield world, can fixed income deliver meaningful growth? John Mullins, Supriya Menon and Alex King explore how high-yield bonds may offer a powerful opportunity for growth - as well as a cushion against uncertainty.

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Income: the hard worker in your portfolio deserves more credit

Income from cash is good but income from bonds is better. In a less certain macro environment, Alex King, Supriya Menon and John Mullins think the case for income only gets stronger. How can investors make the most of opportunities? 

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Back to the future: a new economic era

Macro Strategist John Butler explores why he believes the old macroeconomic model is broken and how best to navigate a new era of investing.

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event March 2024

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2025-01-31

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Why high-yield investors should keep a close eye on the default cycle

A peak in defaults may not be far off. What does this mean for investors considering a move to high yield? 

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Alex King, CFA

event March 2024

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2025-03-31

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Facing the inflation dilemma head on

Inflation has already fallen much quicker than most expected. However, there are convincing reasons why inflation might be higher and more volatile going forward. What are the implications for asset allocation?

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John Mullins

event March 2024

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2025-02-23

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Managing currency exposure in multi-asset portfolios: how to weigh the trade-offs and impact

Nick Samouilhan, Head of Multi-Asset Strategy – APAC, evaluates the trade-offs of different currency hedging approaches and offers a novel framework for gauging their potential portfolio impact. 

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2026-02-28

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Too much focus on Fed, not enough on fiscal

Current US fiscal and monetary policy stances argue for risk taking in fixed income.

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Connor Fitzgerald, CFA

event February 2024

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2025-02-07

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Thematic investing focus: security in a world of great-power competition

In an environment of accelerating great-power competition and geopolitical instability, policymakers may place a higher emphasis on security – even at the expense of economic efficiency. What could this mean for thematic investors?

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Trends and transformation distilled: Our 2024 outlook in brief

Our experts explore investment opportunities and risks for the year ahead.

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Venture capital outlook: Signals point to a brighter 2024

Our private investing team sees positive signals indicating that the recent downturn in venture capital may have hit bottom. Just as privates trailed the public market correction in 2022, we believe they will follow its recovery.

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Michael Carmen, CFA

Mark Watson, CAIA

event February 2024

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2025-01-31

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Top of Mind: The allocator’s checklist for 2024 and beyond

Head of Multi-Asset Strategy Adam Berger offers near- and longer-term ideas for allocators, including thoughts on areas where capital is scarce, alternatives may be attractive, and risks may bear watching.

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Adam Berger, CFA

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2025-01-31

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Navigating a volatile reality: three ideas for 2024 and beyond

2023 saw investors grapple with a new, more volatile reality. How should portfolios be positioned for opportunities and challenges in 2024? 

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Natasha Brook-Walters

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2025-01-31

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Multi-Asset Market Outlook

To help think through the asset allocation outlook and implications for 2023, we offer views from iStrat, our investment strategy and solutions group

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2024-12-31

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Why structural change in Germany may impact investors globally

Macro Strategists John Butler and Eoin O’Callaghan discuss why they believe the structural changes currently underway in Germany will impact investors globally.

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John Butler

Eoin O'Callaghan

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2025-01-31

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Fork in the road: Slowdown or reacceleration ahead?

Markets seem to expect a much smoother ride in 2024, but are they too optimistic? Members of our Investment Strategy & Solutions Group offer their macro and market outlook, including their latest views on equities, bonds, and commodities. 

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2026-01-31

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Five key ESG topics for private companies in 2024

See where our ESG for Private Investments team is focusing to minimize investment risk and maximize company value in 2024 and beyond.

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2024-12-31

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Credit: Better opportunities to add risk on the horizon

Our experts review current macro dynamics impacting the bond market and discuss where they see opportunities and risks across credit sectors.

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Campe Goodman, CFA

Rob Burn, CFA

event December 2023

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2024-12-31

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What route is right in emerging markets investing?

How can investors find the most compelling opportunities within emerging market equities? Simon Henry and Dáire Dunne explain why they think targeting the economic development opportunity may provide a roadmap for success. 

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Simon Henry, CFA

Dáire Dunne, CFA

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2024-12-15

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Will a “Goldilocks” economy be just right for equity markets?

We provide an outlook on the ongoing shift to new investment regime, and the market segments that we expect will most heavily influence global equity performance in the coming year. 

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Andrew Heiskell

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2024-12-31

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Rates: Tracking the trade-off between inflation and growth

In their 2024 rates outlook, Investment Directors Amar Reganti and Marco Giordano investigate the treacherous trade-off faced by central banks and what it means for bond investors.

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Amar Reganti

Marco Giordano

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2024-12-31

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Learning to love (or live with) a late-cycle environment

Are we actually in a late-cycle environment and, if so, how should allocators respond? Head of Multi-Asset Strategy Adam Berger offers guidance, including on portfolio positioning, big cycle bets, and security selection.

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Adam Berger, CFA

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2024-12-31

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Look past the cycle: The surprising total return potential of natural resources and commodities

Portfolio manager Nick Petrucelli explains the cyclical, structural, and macro tailwinds behind this opportunity.

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Nick Petrucelli

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2024-12-11

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2024 Insurance Outlook: Position portfolios for the unexpected

Tim Antonelli offers two critical ideas for insurers' 2024 investment planning: doubling down on diversification and rethinking risk, including geopolitical and default risk.

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Tim Antonelli, CAIA, CFA, FRM, SCR

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2024-12-31

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Sustainable Investment Outlook

Our head of Sustainable Investment shares key areas of focus for 2023, including climate change and biodiversity, modern slavery, data privacy, shareholder rights, and impact investing, 

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2024-12-31

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Private credit: Key market themes for the year ahead

In our annual private credit outlook, learn about three themes that have dominated headlines recently and may create opportunities for parts of the private credit market going forward.

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Emeka Onukwugha, CFA

Elisabeth Perenick, FSA, CFA

event December 2023

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2024-12-31

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Embracing uncertainty: Three alternatives ideas for a macro-driven world

Even as investors wrestle with the economic unknowns heading into 2024, Multi-Asset Strategists Nick Samouilhan and Adam Berger see opportunities to put alternative investments to work.

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Beyond China: what does the rest of the EM equity world have to offer?

For investors contemplating a separate allocation to EM ex-China equities, members of our iStrat Team share their research on the composition of the opportunity set, the growing divergence in the behavior of EM ex-China equities and Chinese equities, and the long-term market outlook.

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2024: A year of intensifying macro regime change?

John Butler and Eoin O’Callaghan explore why 2024 could be a year of intensifying macro regime change and what it means for investors.

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Commodities: Top ideas and evolving opportunities

To help clients plan for the coming year, our commodities experts share their top near-term, medium-term, and long-term investment ideas.

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Macro implications of the AI revolution: is the market right?

Macro Strategist John Butler sets out an initial framework to help answer key questions about the potential macro impact of artificial intelligence.

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The intersection of geopolitics and deglobalization

The geopolitical landscape is likely to remain complex and unpredictable throughout 2024. What are the key risks to watch out for and what are the implications for investors? 

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China fixed income: Dislocations create opportunities in this large and diverse market

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How geopolitics and the energy transition may reshape global trade

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Getting Real: China looks beyond real estate for economic success

Our experts explore signs of an improving macro picture in China.

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Growth efficiency: The new venture capital regime

Frederik Groce, Deal Lead for Wellington Access Ventures, explores how the 'growth-at-any-cost' venture capital regime has shifted to a focus on growth efficiency, highlighting two key metrics for companies to keep top of mind.

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Climate mapping in action: Investment case studies

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Supporting the next generation of entrepreneurs

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Why climate change matters in private markets

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Biotech for the next decade: Private market innovations

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Mind the liquidity (and cost) gap: Revisiting a plan’s hedge-ratio approach

Members of our LDI Team take a fresh look at the process of setting and managing liability hedge ratio targets, including liquidity considerations that are top of mind today and the implementation toolkit.

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Is your asset allocation ready for the realities of climate change?

Our Investment Strategy Team shares key findings from the research behind their climate-aware strategic asset allocation (SAA) approach, including challenges and trade-offs that asset owners should understand.

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A guide to ESG materiality assessments

We continue our "ESG insights for private companies" series by exploring ESG materiality assessments, including why they are important and how to conduct one for your private company.

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Private biotech: Innovation amid disruption

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European credit: seeking to make the most of the new market regime

Fixed Income Portfolio Manager Derek Hynes and Investment Specialist Jillian Rooney assess why the new market regime is creating potentially compelling opportunities in the European credit market.

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The role of ESG in fintech

Global Industry Analyst Matt Ross and Portfolio Manager Matt Lipton explore the role of ESG in fintech in this clip from their WellSaid podcast episode.

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Small-cap value: Strong past, bright future?

While equity markets have had a challenging recent past, history teaches us that there may be several reasons to be optimistic about small-cap value. 

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Navigating the new global economy in 2023

This executive summary distills the points of view of several of our 2023 Outlook authors. Discover the risks and opportunities they see as we enter a new economic and market regime.

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China equity in 2023: Year of the stock picker

Despite the potential risks of investing in China equity, Equity Portfolio Manager Bo Meunier believes there are attractive opportunities for patient, discerning stock pickers.

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Health care outlook for 2023

Looking ahead to 2023, members of our health care team see meaningful innovation, supportive valuations, and a benign political and regulatory backdrop across biopharma, medical tech, and health care services sectors.

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Why Europe could surprise in 2023 

Eoin O’Callaghan and John Butler discuss the contrasting prospects of the Euro Area and the UK and why 2023 could bring positive surprises in the region.

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Focusing on value amid rising global challenges and opportunities

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Advancing stewardship on biodiversity: Engagement examples

Members of our ESG Research Team share their approach to and examples of engagements on the financial risks of biodiversity.

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2023: The year of disinflation for the US economy

In the coming year, US Macro Strategist Juhi Dhawan expects to see inflation begin to decline, the economy adjust to higher interest rates, and labor markets feel the pain of restrictive Fed policy.

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Key drivers for investors in 2023 and beyond: sustainability, disruptive technology, and alternatives

Head of Asia-Pacific Client Group Scott Geary reflects on the overarching themes from the 2022 Milken Asia Summit and the future of investing.

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EM equity in 2023: Will the longest bear market in history continue?

We explore three key considerations for EM investors in today’s challenging environment and highlight potential winners and losers in 2023.

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Emerging markets debt outlook: A glass half full or half empty?

Against a still-challenging global backdrop for emerging markets, Macro Strategist Gillian Edgeworth highlights opportunities created by extreme credit spread dispersion across individual countries.

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High-yield bonds in 2023: Fortune favours the patient

Amid ongoing dislocation in the high-yield market, Fixed Income Portfolio Manager Konstantin Leidman sees opportunities for investors to take advantage of potentially attractive valuations.

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Equity investing with a thematic lens: Three game changers for 2023

Head of Investment Research Mary Pryshlak and Equity Portfolio Manager Tim Manning highlight their strongest convictions across global equity markets heading into 2023.

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Credit market outlook: Partly sunny with a chance of good value

In his 2023 credit market outlook, Fixed Income Portfolio Manager Rob Burn highlights some potentially attractive opportunities in the wake of this year's market sell-off.

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After the UK sell-off: what’s next for global markets and investors?

Co-Head of Investment Strategy Natasha Brook-Walters and Head of Macro Strategy John Butler discuss the implications of the recent sell-off in UK markets for global markets and investors.

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UK in the eye of the storm: which countries might be next?

Macro Strategist John Butler provides his latest take on what's happening in the UK and its broader global implications.

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Monthly Market Snapshot: August 2022

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Wanted: A better definition of thematic investing

Multi-Asset Portfolio Manager Brian Garvey and colleague Manny Hunjan believe the prevailing definition of thematic investing is overly narrow and offer a potential solution.

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The growing wave of disruption in financial services

Amid today's uncertainty, Portfolio Manager Matt Lipton outlines three key reasons he believes the opportunities fueled by fintech disruption will continue.

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Enhancing corporate sustainability: About our innovative virtual power purchase agreement

Learn about Wellington's groundbreaking renewable energy initiative, projected to match 100% of our US corporate and US employees’ home electricity usage with wind energy.

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A shifting macro landscape: QE, China, and Europe

We explore the changing macro environment, highlighting the investment implications of the end of quantitative easing programs, the state of the Chinese cycle, and an evolving outlook on Europe.

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John Butler

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Emerging local debt markets: Time to wade in?

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What next for the euro area after the ECB’s historic hike?

Eoin O'Callaghan and Marco Giordano explore the ECB’s likely next steps and the potential future path of inflation and growth in the euro area.

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Financial Market Review: Second quarter 2022

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US inflation: Supply chains to the rescue?

Macro Strategist Juhi Dhawan shares her inflation outlook, including the prospects for supply-chain normalization, and her views on the market implications.

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Mid-2022 Alternative Investments Outlook

As allocators cope with economic uncertainty and market volatility, Multi-Asset Strategist Cara Lafond explains how alternative investments could potentially play a role in improving portfolio resilience and returns.

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ESG Sustainability Fixed income Macro and market Government bonds Credit Sustainable investing Impact investing Article

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Sustainable fixed income investing comes of age

ESG integration and sustainable investing have gained considerable traction in global fixed income markets. Investment Directors Anand Dharan and Meredith Joly and Fixed Income Trader Keenan Choy discuss this ongoing trend and some of its key implications for asset allocators.

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event June 2022

Article

2023-06-30

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May 2022

Volatility Fixed income Equity Geopolitics Commodities Article

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Monthly Market Snapshot: April 2022

A monthly update on equity, fixed income, currency, and commodity markets.

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By

Brett Hinds

Ryan Greenleaf, CFA

event May 2022

Article

2022-07-15

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April 2022

Equity Fixed income Volatility Geopolitics Commodities Article

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Financial Market Review: First quarter 2022

A quarterly review of results in the global equity, fixed income, currency, and commodity markets.

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Brett Hinds

Ryan Greenleaf, CFA

event April 2022

Article

2022-10-15

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April 2022

Equity Fixed income Volatility Geopolitics Commodities Article

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Monthly Market Snapshot: March 2022

A monthly update on equity, fixed income, currency, and commodity markets.

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By

Brett Hinds

Ryan Greenleaf, CFA

event April 2022

Article

2022-06-15

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April 2022

Liquid alternatives & hedge funds Liquid alternatives and hedge funds Private equity Article

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Allocating to hybrid strategies: A multiple-choice decision

Multi-Asset Strategist Cara Lafond considers the options available to allocators deciding where hybrid or crossover strategies fit best in their asset mix.

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Cara Lafond, CFA

event April 2022

Article

2023-05-31

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March 2022

China Russia Inflation Volatility Geopolitics Multi-asset Article

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China is not Russia: Reasons to stay invested

Equity Portfolio Manager Greg Mattiko challenges investors to look at actions rather than conjecture when considering reduced exposure to China.

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Greg Mattiko, CFA

event March 2022

Article

2023-03-31

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March 2022

Macro and market Multi-asset Equity Europe Article

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War and markets: What's the connection?

Amid the geopolitical turmoil and tragic humanitarian fallout of the Russia/Ukraine crisis, many investors are naturally also concerned about the negative effects the escalating conflict could have on their portfolios. With that in mind, I thought I’d provide a quick snapshot of the impacts that past wars have tended to have on asset prices.

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Owen Lamont, PhD

event March 2022

Article

2023-03-31

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March 2022

Russia Geopolitics Multi-asset Inflation Volatility Article

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War in Ukraine: Five observations on recent developments

Macro Strategist Gillian Edgeworth assesses recent developments in the escalating Russia/Ukraine conflict and highlights five key implications.

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Gillian Edgeworth

event March 2022

Article

2023-03-31

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March 2022

USA Inflation Article Equity Fixed income Geopolitics COVID Private equity China

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Ten more “what if” scenarios for 2022

In his latest Top of Mind session, Multi-Asset Strategist Adam Berger addressed a wide range of what-if scenarios on the minds of our clients. See what he has to say on Russia, China, cryptocurrencies, the IPO market, and many other topics in this brief article.

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Adam Berger, CFA

event March 2022

Article

2023-02-28

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March 2022

Geopolitics Russia Europe Fiscal policy Monetary policy Energy Article

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How will Russia’s invasion of Ukraine transform the euro area? Four potential paths

As the tragedy in Ukraine unfolds, Macro Strategist John Butler assesses possible implications of the conflict for Europe and the euro area. He outlines four potential paths.

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By

John Butler

event March 2022

Article

2023-03-31

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March 2022

Russia Commodities Geopolitics Article

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Russia/Ukraine and the commodity challenge

With commodity inventories at multi-decade lows, is rising cross-asset class volatility all but inevitable? Leveraging insights from Wellington colleagues, Thematic Strategist Trevor Noren argues that the Russia/Ukraine crisis demonstrates why the answer is likely yes.

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Trevor Noren

event March 2022

Article

2023-03-31

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March 2022

Geopolitics Russia Multi-asset Article

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Geopolitical observations on Ukraine

Geopolitical Strategist Thomas Mucha integrates his observations with those of his senior-level military, intelligence and diplomatic contacts to offer insights on the potential consequences of Russia’s invasion of Ukraine.

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Thomas Mucha

event March 2022

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2023-03-31

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February 2022

Future Themes Currency Cryptocurrency Blockchain Liquid alternatives & hedge funds Artificial intelligence (AI) Article

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Evaluating cryptocurrencies as an asset class

We explore cryptoassets’ potential as an asset class as the topic dominates the headlines.

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Alexandre Chau

Ranjit Ramachandran, CFA

event February 2022

Article

2023-02-28

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February 2022

Russia Geopolitics Article

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Ukraine crisis: Understanding the broader picture

The tense Ukraine crisis has brought the US-Russia standoff to a head: Now what? Geopolitical Strategist Thomas Mucha argues this is all part of a global geopolitical pattern — “great-power” competition — that makes the Russian threat particularly dangerous. Read more.

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Thomas Mucha

event February 2022

Article

2023-02-28

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February 2022

Climate Risk management Sustainability Multi-asset Sustainable investing Article

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Hedging climate risk: The best defense is a good offense

Climate risks have the potential to create a long-term return drag on investment portfolios. We suggest a straightforward approach to hedging the deleterious effects of climate change.

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By

Erika Murphy, CFA, CAIA

event February 2022

Article

2023-02-28

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February 2022

Factors Fixed income Asset allocation Portfolio construction Article

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Better balance in bonds: How a factor framework and a barbell approach could help

For investors seeking diversification in their credit portfolios, members of our Fundamental Factor team propose a portfolio construction and manager selection process designed to source complementary manager alpha-generation styles and help “smooth out” the path of fixed income alpha.

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Brendan Fludder, CFA

Noah Comen, CFA

event February 2022

Article

2023-02-28

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February 2022

Multi-asset Geopolitics Article

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Monthly Market Snapshot: January 2022

A monthly update on equity, fixed income, currency, and commodity markets.

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By

Brett Hinds

Greg Galajda

event February 2022

Article

2022-07-15

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January 2022

Macro and market Multi-asset Article

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Financial Market Review: Fourth quarter 2021

A quarterly review of results in the global equity, fixed income, currency, and commodity markets.

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Brett Hinds

Greg Galajda

event January 2022

Article

2022-07-15

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January 2022

Carbon emissions Energy Sustainable investing Liquid alternatives & hedge funds Equity Opportunities and risks Article Climate ESG

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Decarbonization and the energy transition: The next supercycle

The low-carbon transition could be the biggest capital cycle of our lifetime, fueled by massive spending and extensive infrastructure development. We break down the investment implications.

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By

Keith White

Kinga Darida, CFA

event January 2022

Article

2022-12-31

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January 2022

Multi-asset Macro and market Article

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Monthly Market Snapshot: December 2021

A monthly update on equity, fixed income, currency, and commodity markets.

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Brett Hinds

Greg Galajda

event January 2022

Article

2022-07-15

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January 2022

Sustainability DEI Active management Business practices Article

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Annual letter from our CEO: Embracing change

In a fast-changing world, CEO Jean Hynes discusses some of the strategic initiatives our firm has undertaken to ensure that we’re aligned with and ready to support our clients’ goals for years to come.

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Jean Hynes, CFA

event January 2022

Article

2023-01-01

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December 2021

Outlook Private equity Macro and market Manager selection ESG Climate Alternatives investing Article

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2022 Alternative Investment Outlook

Our 2022 Alternative Investment Outlook looks at 5 areas of focus for the coming year and explores private equity markets and ESG opportunities.

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event December 2021

Article

2022-12-31

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December 2021

Net zero Carbon emissions Biodiversity Sustainable investing Climate Article

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2022 Climate Change Investing Outlook

As the effects of climate change become more difficult to ignore, we suggest focusing on adaptation, mitigation, & engagement for 2022 climate investing plans.

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event December 2021

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2022-12-31

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December 2021

Portfolio policy Alternatives investing Equity Liquid alternatives & hedge funds Article

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When public and private equity converge: An allocator’s guide

Multi-Asset Strategist Cara Lafond believes the time has come to recalibrate private equity portfolios to keep up with the evolution of the equity ecosystem. She offers a case for a more holistic view of public and private allocations, a fresh look at how allocators access growth, and the use of private and crossover strategies in innovative sectors.

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Cara Lafond, CFA

event December 2021

Article

2022-12-30

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December 2021

Outlook Macro and market ESG Impact Stewardship Sustainable investing Article

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2022 ESG & Sustainability Outlook

Our 2022 ESG & Sustainability Outlook previews our climate research and engagement approach for the coming year and offers investment strategy considerations.

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event December 2021

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2022-12-31

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December 2021

Multi-asset Inflation Article

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Blast from the past: Are we watching the return of 1970s-style stagflation?

How worried should investors be about the risk of stagflation? Portfolio Manager Nick Petrucelli offers his take, digging into previous occurrences for clues about the causes that may be most relevant today and outlining the potential outcomes and capital market implications.

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Nick Petrucelli

event December 2021

Article

2022-12-31

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December 2021

Outlook Yield Commodities Interest rates Inflation Portfolio construction Risk management Article

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2022 Fixed Income Outlook

Our fixed income outlook for 2022, examines our views on inflation and interest rates and the role central banks will play in the coming year.

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event December 2021

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2022-11-15

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December 2021

Equity Fundamental equity Opportunities and risks Macro and market China Article

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Quality-growth investing amid inflation and rising rates

We discuss how today's market impacts growth companies, including which areas are well positioned for the year ahead.

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John Boselli, CFA

event December 2021

Article

2022-12-31

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October 2021

12 min

Carbon emissions Sustainability policies Article Sustainable investing Net zero Business practices

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Toward carbon neutrality: Our approach to carbon offsets

Wellington has committed to be carbon neutral in our operations by the end of 2022. Members of our Sustainable Investing and Corporate Sustainability Teams describe our multifaceted approach to achieving that goal.

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Jim Bowers

event October 2021

12 min

Article

2025-12-31

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