CIO Publications
Gain expert perspective on the potential risks and opportunities ahead in the latest reports published by our global Chief Investment Office (CIO).
Latest publications
![EU flag](/dam/deutschewealth/insights/cio-special/mob-european-financials.jpg)
CIO Special report
Investing in EU carbon markets: where now?
Carbon markets are likely to play a major role in promoting sustainability and innovation, offering new opportunities for investors and policymakers alike.
Jul 25, 2024
![CIO week upfront podcast](/dam/deutschewealth/cio-perspectives/cio-weekly-podcast-assets/mob-cio-week-upfront-podcast.jpg)
CIO Podcast
Weekly Investment Outlook: July 22, 2024 – U.S. Economy: Bending, but not breaking
Deepak Puri, Chief Investment Officer for the Americas, outlines what recent economic data could mean for Fed policy, and offers a view on U.S. equities as well as geopolitical considerations for investors.
Jul 22, 2024
![esg sustainable economy](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-june-2023/cio-esg-market-monitor-red-mobile.jpg)
CIO Special report
ESG Market Monitor Q2 2024
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
Jul 10, 2024
![England Flag](/dam/deutschewealth/insights/cio-special/france-elections-mob.jpg)
CIO Special report
“Second-round“ effects: French shift from right to left in final ballot
With the French election resulting in a hung parliament, we discuss three possible political scenarios and their investment implications.
Jul 08, 2024
![England Flag](/dam/deutschewealth/insights/cio-special/uk-elections-mob.jpg)
CIO Special report
UK assets: election results should help not hinder
After Labour’s victory, the prospect of policy stability and cyclical growth will make UK assets worth a second look. We outline investment implications.
Jul 05, 2024
![Windmills Energy Transition](/dam/deutschewealth/insights/cio-special/energy-transition-mob.jpg)
CIO Special report
Energy transition: investment perspective
The renewable energy sector is experiencing remarkable growth. However, this rapid expansion faces challenges. In this report, we explain why the renewable energy sector’s trajectory remains positive.
Jul 03, 2024
![CIO Insights Outlook Update Q3 2024 | Wealth Management](/dam/deutschewealth/insights/investing-insights/economic-and-market-outlook/2024/q3-2024/mob-cio-q3-perspectives.jpg)
CIO Insights quarterly report
CIO PERSPECTIVES: Q3 2024 Update
In the second issue of our quarterly publication PERSPECTIVES, we provide an update on our economic and investment outlook for the third quarter of 2024 and beyond.
Jun 17, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/china-strong-support-mob.jpg)
CIO Special report
China: strong support for the property sector
China announced more measures to support the property sector at a national government meeting on May 17. The stimulus measures come at a time when China’s property sector continues to weaken with price declines and lower transaction volumes.
May 21, 2024
![cio esg market monitor red](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-june-2023/cio-esg-market-monitor-red-mobile.jpg)
CIO Special report
ESG Market Monitor Q1 2024
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
May 17, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/boe-cio-specials-mob.jpg)
CIO Special report
BoE’s path to lower rates: what’s next?
The Bank of England (BoE) maintained its key interest rate at 5.25% for the sixth consecutive meeting last Thursday. Signals from the Monetary Policy Council (MPC) indicate a potential rate cut as early as June 20, however.
May 15, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/china-growth-key-desk-mob.jpg)
CIO Special report
China: growth key to market upside
The recent positive performance by Chinese equities has been mainly driven by a modest improvement in macroeconomic data.
May 14, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/spain-moving-on-mob.jpg)
CIO Special report
Spain, moving forward
This CIO Special addresses Spain’s recent positive economic performance, its fiscal balance situation and the prospects for Spanish debt & equity assets.
May 14, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/italy-eu-flag-red-mob.jpg)
CIO Special report
Italy: staying positive
Italy has weathered recent economic crises, including COVID-19 and the European energy shock, better than expected. In Q4 2023, Italy’s GDP growth was +0.2% QoQ, compared to 0.0% for the Eurozone. For the full year 2023, Italy’s growth was 0.7%, outperforming the Eurozone’s 0.5%.
May 10, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/singapore-economic-mob-banner.jpg)
CIO Special report
Singapore: economic and sector prospects
Singapore’s economic openness creates both challenges and strengths. The external sector is an unavoidable source of risk, the high cost of living is a concern and an ageing population. But, set against this, Singapore has a number of important strengths – a globally-connected economy, business-friendly environment, political system and benefits from its role in ASEAN.
May 02, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/investing-insights/investing-themes/2024/Bottoming-out-in-the-German-housing-market/mob-germany-real-estate.jpg)
CIO Special report
Bottoming out in the German housing market
It remains a challenging environment for the German housing market, but rate cuts, economic growth and structural rental market shortages should help the market to bottom out.
Apr 30, 2024
![investing blue economy desk](/dam/deutschewealth/future-fundamentals-podcast/investing-blue-economy/investing-blue-economy-mob.jpg)
Future Fundamentals podcast
Investing in the Blue Economy: a blueprint for action
In our Future Fundamentals podcast, Karen Sack, of ORRAA, and Markus Müller, our Chief Investment Officer for ESG, take a deep dive into the sustainable blue economy.
Apr 26, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-special/ltcma-mob-banner.jpg)
CIO Special report
Long-term Capital Market Assumptions: our latest forecasts
These form a vital component some systematic long-term asset allocation approaches. We highlight significant developments since our last review and the reasons for them.
Apr 24, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/china-economy-mob-image.jpg)
CIO Special report
China’s economy: awaiting the right cues
China recently released a flurry of Q1 economic data. But while GDP numbers were surprisingly strong, some other activity measures continue to disappoint. So has China’s economy really turned a corner?
Apr 18, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/bitcoin-banner-mob.jpg)
CIO Special report
Bitcoin: from bubble to mainstream?
Bitcoin is unlikely to assert itself as a widespread medium of exchange but may be on its way to mainstream acceptance as a store of value, although the risks of holding it remain high.
Apr 11, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/21-03-24/cio-snb-mob.jpg)
CIO Memo
Early interest rate turnaround in Switzerland
The Swiss National Bank has taken the lead as the first major central bank to cut interest rates amid subsiding inflationary pressures. The move sent a signal that the SNB would protect the economy from the consequences of an excessively strong franc.
Mar 21, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/27-07-23/Federal-reserve-US-deutsche-bank-mobile.jpg)
CIO Memo
FOMC: Raising the bar
The Federal Reserve's March update to its economic projections implied that three 25-basis-point interest-rate cuts remain in store for 2024.
Mar 20, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/20-03-24/cio-memo-boj-mob.jpg)
CIO Memo
Japan: the start of positive interest rates
In a landmark event, the Bank of Japan ended its negative interest-rate policy and yield curve control, though monetary policies remain accommodative.
Mar 19, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/investing-insights/investing-themes/2024/mobility-evs-and-batteries/ltit-smart-mobility.jpg)
CIO Special report
Smart Mobility: EVs and batteries present opportunities and risks
Favourable long-term trends for the electric-vehicle market remain intact – but an excess supply of battery metals means the outlook for miners remains clouded.
Mar 19, 2024
![CIO Insights Outlook Update Q2 2024 | Wealth Management](/dam/deutschewealth/insights/investing-insights/economic-and-market-outlook/2024/q2-2024/cio-perspectives-q2-2024.png)
CIO Insights quarterly report
CIO PERSPECTIVES: Q2 2024 Update
In the first issue of our new quarterly publication, we update our forecasts for 2024 on the macroeconomic front, as well as for equities, fixed income, commodities and foreign exchange.
Mar 18, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/14-03-24/cio-memo-uk-recession-mob.jpg)
CIO Memo
U.K. economy: on the way out of recession
The U.K. economy started the new year with moderate growth, and the rebound should give the Bank of England the cover it needs to stick to its wait-and-see approach. That could sustain the British pound's relative strength in the near term.
Mar 13, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/31-07-23/BOJ-deutsche-bank-mobile.jpg)
CIO Memo
Japan: when will the BoJ pivot?
Wage hikes by some leading manufacturers have set the tone for industry-wide pay rises. Japanese authorities are closely watching industry pay revisions as they expect it to trigger a “virtuous cycle of growth”. However, BoJ Governor Ueda recently played down the state of the Japanese economy, given mixed data signals.
Mar 13, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/13-06-23/mob-us-cpi-red.jpg)
CIO Memo
U.S. CPI: Patience is key
U.S. Consumer Price Index (CPI) showed an annualised increase of +3.2% year-on-year (YoY), moving higher from last month’s reading. On a month-on-month basis (MoM) Core CPI, which excludes Food and Energy, remained at +0.4%.
Mar 12, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/investing-insights/investing-themes/2024/ltit-sustainable-food-systems/mob-cio-special-ltit.jpg)
CIO Special report
LTIT: Sustainable Food Systems – favourable entry points ahead?
Sustainable food systems (SFS) deliver food security and nutrition in ways that are sustainable in economic, social and environmental terms. Transitioning towards sustainable food systems could open up business opportunities worth USD4.5 trillion per year by 2030.
Mar 11, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/08-12-23/non-farm-payrolls-mob.jpg)
CIO Memo
Nonfarm payrolls: Mixed report strengthens case for June cut
The latest Nonfarm payrolls report delivered higher-than-expected jobs figures for the month of February, with significant downward revisions also seen for the previous two months.
Mar 08, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/eu-center-bank-mob.jpg)
CIO Memo
ECB hints at interest rate reversal in June
The prospect of an imminent turnaround in interest rates should continue to provide the equity markets with a slight tailwind.
Mar 07, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/india-elections-mob.jpg)
CIO Special report
India: Will a billion voters move markets in the world’s biggest democratic election?
India, the world’s largest democracy, is heading to a national vote, with results expected by the end of May. Almost one billion registered voters will make this the biggest election exercise anywhere, ever.
Mar 07, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/investing-insights/investing-themes/2024/international-womens-day/womens-financial-inclusion-mob.jpg)
CIO Special report
Why women’s financial inclusion matters
The empowerment of women in the labour force is important in ways that go beyond the critical matter of social justice. Female financial inclusion and gender equality are “macrocritical” to boosting economic activity.
Mar 07, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/china-specials-mob.jpg)
CIO Special report
China’s NPC: focus on quality growth despite near-term challenges
China’s National People’s Congress (NPC) has seen the announcement of a new 2024 growth target and discussion on how a “proactive” fiscal stance and “prudent” monetary policy can help the economy.
Mar 07, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/us-elections-mob-banner1.jpg)
CIO Special report
U.S. Election: ‘Super Tuesday’ moves Biden-Trump closer
In a year that has been claimed to be the busiest in history for political elections, there will be no bigger event in the calendar than the race to be President of the United States, due to be held on November 5th.
Mar 05, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/strategic-asset-allocation/SAA-mob-image.jpg)
CIO Special report
Asset allocation for private clients
Strategic asset allocation for private clients starts with detailed knowledge of an investor’s risk profile, investment horizon, and performance targets, among other considerations.
Feb 23, 2024
![esg market monitor desk](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-q4-2023/esg-market-monitor-mob.jpg)
CIO Special report
ESG Market Monitor: Q4 2023
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
Feb 20, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/mob-cio-special-chip2.jpg)
CIO Special report
Long-term investment theme Digitisation: going to the next level
For investors, digitisation provides a wide range of investment alternatives, with business activities such as cloud computing, Internet of Things (IoT), digital entertainment, and others showing substantial growth potential.
Feb 19, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/us-infletion-banner-mob.jpg)
CIO Memo
U.S. CPI: Taking a detour
Stronger-than-expected U.S. inflation figures will reinforce the Fed's cautious approach to a potential interest-rate cut in the near future.
Feb 13, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/nonfarm-payrolls-kicking-mob.jpg)
CIO Memo
Nonfarm payrolls: Kicking the cut down the road
The U.S. jobs report for January showed the labour market on a stronger footing than forecast. That could mean that the Federal Reserve will hold off on interest-rate cuts for longer than had recently been expected.
Feb 02, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/consumer-special/consumer-report-mob.jpg)
CIO Special report
Consumption recovery through 2024 provides opportunities
Consumers are holding up relatively well in the U.S. and Europe, despite a weaker economic environment. This could yield interesting opportunities in the stock market, particularly in the area of discretionary consumption.
Feb 02, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/22-05-19/DBW_India_Election_2880x1240.jpg)
CIO Memo
India: Interim budget targets strong fiscal improvement
A budget focused on strong fiscal consolidation unsurprisingly gave support to fixed income markets.
Feb 01, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/21-09-23/BOE-mobile.jpg)
CIO Memo
BoE on hold as it’s "not there yet"
The Bank of England left interest rates unchanged as expected, but it also softened its language, dropping a warning about the potential for further policy tightening should inflationary pressures re-emerge.
Feb 01, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/us-fomc-memo-mob.jpg)
CIO Memo
U.S. FOMC: Looking for confidence
The Federal Reserve left interest rates unchanged and signalled that it is yet to be fully convinced that a rate cut is imminent.
Jan 30, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/china-memo-mob-banner.jpg)
CIO Memo
China: stimulus provides temporary boost; more expected
We believe a recovery in Chinese equities is likely in the second half of 2024 as recent stimulus measures gradually take effect.
Jan 29, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/greece-outlook/greek-economic-health-banner-mob.jpg)
CIO Special report
Greece: back to economic health
Compared to the eurozone overall, Greece could experience slightly higher economic growth in the coming years, in particular due to a resurgence in private consumption.
Jan 29, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/26-10-23/ECB-deutsche-bank-mobile.jpg)
CIO Memo
ECB waiting on data
As unanimously expected in advance, the European Central Bank (ECB) left key interest rates unchanged at its meeting today.
Jan 25, 2024
![Solar panels aerial view. Innovative solar panel island in Almere, Netherlands. Modern sustainable residential area.](/dam/deutschewealth/insights/cio-memo/bonds-mob-banner.jpg)
Stocks
Annual Outlook 2024 | ESG: We‘re in this together
ESG investment has gone mainstream, with performance implications. Energy transition may point the way to investing in the sustainable economy.
Jan 24, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/japan-memo-mob.jpg)
CIO Memo
Japan: dovish BoJ positive for equities
As the BoJ remains dovish, we believe the strong momentum in Japanese equities could continue in the near term.
Jan 23, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/assymetric-strategies/mob-investment-risk.webp)
CIO Special report
Managing investment uncertainty with asymmetric strategies
Adherence to strong convictions in the face of market-moving events can potentially trigger undesirable timing mistakes. Asymmetric strategies can allow more potential upside for a given portfolio risk.
Jan 19, 2024
![Paris Tour Eiffel skyline](/dam/deutschewealth/insights/cio-memo/infletion-mob-banner.jpg)
Bonds
Annual Outlook 2024 | Bonds: Real rates matter
After years of extremely low interest rates, the investment universe is now complete again thanks to the renewed attractiveness of bonds as an asset class – and is likely to remain so for the foreseeable future in our opinion.
Jan 18, 2024
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/cio-memo/mob-banner-cio-china-gdp-weak-amidst.jpg)
CIO Memo
China: Q4 GDP weak amidst deflation
Chinese stock markets fell to multi-year lows after the country’s gross domestic product for the fourth quarter came in below expectations.
Jan 17, 2024
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/11-01-24/cio-memo-us-consumer-prices-mob.jpg)
CIO Memo
U.S. CPI: "Beware the cuts of March"
Higher-than-expected inflation figures for December will reinforce the Federal Reserve's view that a cautious approach to cutting interest rates will be required in the coming months.
Jan 11, 2024
![Engineer repairman holding hands CPU to insert into the socket of the motherboard. Technology hardware in the neon light](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/sector-banner-mob.jpg)
Stocks
Annual Outlook 2024 | Sectors: banking on tech
U.S. growth stocks are probably still the way to go for the long term. European and Japanese financials could appeal too, as well as consumer discretionary, industrials and energy.
Jan 11, 2024
![Serpentinen](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/risk-mob-banner.jpg)
Stocks
Annual Outlook 2024 | Risks: de-risking risks
Be aware that measures to create stability may just create new risks. Rates are still on our radar.
Jan 09, 2024
![Stocks: Growth comes at a price](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/stocks-banner-mobile.jpg)
Stocks
Stocks: Growth comes at a price
Robust earnings growth is expected globally in 2024. Expectations of higher rates for longer may however put a lid on valuations expansion.
Jan 03, 2024
![investing desk banner](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/investing-mob-banner.jpg)
CIO Insights quarterly report
Annual Outlook 2024 | Our long-term investment themes (LTIT)
We see these as the key global challenges: how to sustainably utilise and conserve our global resources; how to provide for the global population, and how to develop key technologies to help us all do this.
Dec 26, 2023
![investing desk banner](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/investing-mob-banner.jpg)
CIO Insights quarterly report
Annual Outlook 2024 | Our long-term investment themes (LTIT)
We see these as the key global challenges: how to sustainably utilise and conserve our global resources; how to provide for the global population, and how to develop key technologies to help us all do this.
Dec 26, 2023
![investing desk banner](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/investing-mob-banner.jpg)
CIO Insights quarterly report
Annual Outlook 2024 | Our long-term investment themes (LTIT)
We see these as the key global challenges: how to sustainably utilise and conserve our global resources; how to provide for the global population, and how to develop key technologies to help us all do this.
Dec 26, 2023
![Happy engineer feel success after good work. He standing a top of windmill and looking beautiful sunset](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/economy-mob.jpg)
CIO Insights quarterly report
Annual Outlook 2024 | Economy: Investing creates potential
Expect only moderate growth in industrialised economies in 2024. The long-term challenge remains the delivery of investments to enhance economic competitiveness and fight climate change.
Dec 22, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/19-12-23/cio-memo-japan-mob.jpg)
CIO Memo
Japan: monetary policy status quo maintained
Corporate recovery is gaining ground in Japan, but the Bank of Japan will likely maintain its loose monetary policy until it sees meaningful consumption recovery.
Dec 19, 2023
![geo politics](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/geo-politics-mob.jpg)
Stocks
Annual Outlook 2024 | (Geo)politics: Power play
Domestic political developments are increasingly shaping foreign policy agendas – and 2024 will be the biggest election year in history.
Dec 15, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/14-12-23/ECB-Dec-mob.png)
CIO Memo
ECB leaves key rates untouched
The European Central Bank left its key interest rates unchanged, and President Lagarde hinted at a more restrictive monetary policy than many financial-market participants had expected.
Dec 14, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/14-12-23/BOE-Dec.png)
CIO Memo
BoE: Hawkish hold
The Bank of England kept interest rates at the current level. The British pound climbed against its peers after the decision.
Dec 14, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/13-12-23/image2-mob.jpg)
CIO Memo
FOMC: Powell delivers dovish gifts
Stock markets rallied after the Federal Reserve updated its economic projections to suggest its policy could be more dovish in 2024 than recently forecast.
Dec 13, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/12-12-23/cpimemo-mob.jpg)
CIO Memo
U.S. CPI: As you were
U.S. inflation edged down in November, giving the Federal Reserve little reason to change course ahead of its last policy decision of the year.
Dec 12, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/08-12-23/non-farm-payrolls-mob.jpg)
CIO Memo
Nonfarm payrolls: Steady as she goes…
The nonfarm payrolls report for November reflected surprisingly strong jobs growth, leading to lower expectations for future interest-rate cuts from the Federal Reserve.
Dec 08, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/08-12-23/mob-india-cio-memo.jpg)
CIO Memo
India: RBI equates high growth plus moderate inflation with steady rates
The Reserve Bank of India extended its pause on rates as expected, and the markets for government bonds and currencies remained stable.
Dec 08, 2023
![CIO Insights Annual Outlook 2024 | Wealth Management](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/mob-Outlook-2023.webp)
CIO Insights quarterly report
Annual outlook 2024: Finding growth
Despite the economic, geopolitical and climatic challenges the world currently faces, we think that 2024 is likely to be a decent year for investors. In our annual outlook we present our current economic and asset class forecasts for 2024, possible key issues for the coming 12 months and our long-term investment themes.
Dec 07, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/07-12-23/shanghai2-mob.jpg)
CIO Memo
China: Downward revision of sovereign outlook likely priced in
Moody’s lowered its outlook on China’s government credit ratings from stable to negative on the perceived rising downside risks to the government’s fiscal strength.
Dec 06, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/spain-2024/mob-Spanish-economy.webp)
CIO Special report
Spain: lower GDP growth in 2024
The Spanish economy has shown remarkable resilience during 2023, but the latest indicators point to a slowdown. A complex political environment will make it more difficult to address some important challenges.
Dec 05, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/30-11-23/china-recovery-construction-mob1.jpg)
CIO Memo
China: recovery remains uneven; more property support planned
Recent Chinese economic data have been mixed, with persistent weakness in the property and manufacturing sectors. But a more stable recovery for the country is likely in the coming quarters.
Nov 30, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/insights/investing-insights/investing-themes/2023/us-election-running-up-that-hill/cio-special-us-election-2024-mob.jpg)
CIO Special report
U.S. Election: Running up that hill
In our new CIO Special – U.S. Election: Running up that hill, we explore the political landscape of the upcoming Presidential elections, key issues that will shape the narrative for the race and its potential impact for investors.
Nov 22, 2023
![CIO ESG Survey 2023 (1)](/dam/deutschewealth/capabilities/CIO-ESG-Survey-2023-mob.jpg)
CIO Special report
ESG Survey 2023: Sustainable transition and investment
Over the last three years, our annual survey has examined our private, business and institutional clients’ attitudes to the multiple dimensions of ESG (environmental, social and governance) investing. This year, we had 1,759 responses to our survey, double the 849 received in 2022.
Nov 22, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/16-11-23/mob-china-growth-memo.jpg)
CIO Memo
China: Some positive signals starting to show
Fresh economic data and easing geopolitical tensions point to a potential outperformance for Chinese stocks in the coming quarters.
Nov 16, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/15-11-23/cpi-index-memo-mob.jpg)
CIO Memo
U.S. CPI: Calling time on rate hikes
U.S. inflation fell more than expected in October, lifting stock markets and reducing expectations for an interest-rate rise from the Federal Reserve in December.
Nov 14, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/07-11-23/Indonesia-CIO-memo-mobile.jpg)
CIO Memo
Indonesia: Q3 GDP slowed with weaker exports
Indonesia’s Q3 GDP came in below expectations, but the country remains among the fastest growing Asian economies.
Nov 07, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/05-11-23/USjobsNov-mobile.jpg)
CIO Memo
Nonfarm payrolls: Labor market sends soft landing signals
Official U.S. employment data for the month of October pointed to much-needed softening of the labor market and reinforced the Fed’s stance to keep rates steady.
Nov 03, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/21-09-23/BOE-mobile.jpg)
CIO Memo
Bank of England: rates unchanged in hawkish pause
The Bank of England left interest rates unchanged as expected, and predicted that the U.K. government would meet its goal of halving inflation by the end of the year.
Nov 02, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/02-11-23/America-mall-mobile.jpg)
CIO Memo
FOMC: Keeping the door open
The Federal Reserve left interest rates unchanged, but emphasized that inflation remains “elevated” and that it is committed to bringing it down to the ideal 2%.
Nov 01, 2023
![esg desk](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-q3-2023/esg-mob.jpg)
CIO Special report
ESG Market Monitor: Q3 2023
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
Nov 01, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/31-10-23/Tokyo-shopping-street-deutsche-bank-mobile.jpg)
CIO Memo
Japan: mild tweak to monetary policy
The Bank of Japan is performing a balancing act between managing domestic growth, reaching its inflation target, and factoring in the depreciation of the yen.
Oct 31, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/26-10-23/ECB-deutsche-bank-mobile.jpg)
CIO Memo
ECB keeps monetary policy unchanged
The European Central Bank left interest rates unchanged - and interest rate cuts are not expected in the near future.
Oct 26, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-investment-performance/mob-esg-strategy.webp)
CIO Special report
ESG & investment performance: think strategically
The key to sustained long-term returns from ESG investment is effective strategic asset allocation.
Oct 24, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/smart-mobility/smart-mobility-deutsche-bank.webp)
CIO Special report
Smart mobility: switch, optimise, prioritise
Once we looked to technology to make transportation systems cheaper, faster or safer. But “smart mobility” needs to be more sustainable too - and the primary challenge may be social in nature.
Oct 20, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/18-10-23/ChinaGDP-Mobile.jpg)
CIO Memo
China: Recovery regains momentum in Q3
China's gross domestic product for the third quarter beat analysts' expectations, but headwinds from the weak property sector and uncertainty from geopolitical tensions persist.
Oct 18, 2023
![ff sustainable cities copy](/dam/deutschewealth/future-fundamentals-podcast/sustainable-cities-episode-5/ff-sustainable-cities%20copy.webp)
Future Fundamentals podcast
Sustainable cities
The Private Bank’s ESG CIO Markus Müller and Dr. Philipp Rode of the London School of Economics (LSE) look at how cities can adapt to increasing social, economic and environmental pressures in an ever-more urbanised world.
Oct 17, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/italian-bond-spreads-widen/Italy-Mobile.jpg)
CIO Special report
Rise in Italian government bond spreads
The recent discussions regarding looser fiscal policy in Italy have exacerbated the volatility on the bond market, leading to a moderate widening of its spreads.
Oct 13, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/12-10-23/global-supply.webp)
CIO Special report
What Global South developments mean for Asia
The expansion of the BRICS coalition, with six nations set to join at the start of 2024, will provide the group with increased access to mineral resources and impact global supply chains.
Oct 12, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/13-10-23/US-shopping-mobile.jpg)
CIO Memo
U.S. CPI: Core remains in focus
Slightly stronger-than-expected U.S. inflation data for September might not be enough to persuade the Fed to act at its next policy meeting, although a further rate hike in November can’t be completely ruled out.
Oct 12, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-system-changes/CIO-solar-panel-deutsche-bank-Mobile.jpg)
CIO Special report
ESG investment: understanding system changes
Environmental constraints mean that system changes will be necessary to meet four key human demands –for energy, food, manufacturing and mobility.
Oct 11, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/06-10-23/NonfarmPayrolls-mobile.jpg)
Stocks
Nonfarm Payrolls: September strength gives rates a further lift
The September nonfarm payrolls report saw labor markets strongly surpass forecasts, raising expectations for an interest-rate increase at the next Federal Reserve meeting.
Oct 06, 2023
![CIO Insights Q4 2023 Update | Wealth Management](/dam/deutschewealth/cio-perspectives/cio-insights-assets/q4-2023/mob-CIO-deutsche-bank-Q4-report.webp)
CIO Insights quarterly report
At a crossroads? – our Q4 2023 update
Our latest CIO Insights quarterly provides an update on our economic and investment outlook for the fourth quarter of 2023 and beyond.
Sep 27, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/22-09-23/Japan-CIO-mobile.jpg)
CIO Memo
Japan: ultra-loose monetary policy maintained amid uncertainties
The Bank of Japan left its negative interest rate and yield curve control parameters unchanged in light of the “extremely high uncertainties” in the growth and inflation outlook globally and in Japan.
Sep 22, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/21-09-23/US%20Federal%20Reserve-mobile.jpg)
CIO Memo
FOMC: Braced for (soft) landing?
The Federal Reserve lifted its economic projections for the year and left interest rates unchanged, but reiterated that future policy decisions will depend on economic data.
Sep 21, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/21-09-23/BOE-mobile.jpg)
CIO Memo
BoE pauses after easing inflation
The Bank of England decided on a knife-edge vote to leave interest rates unchanged, but left the door open for further increases in the future to get inflation under control.
Sep 21, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/15-09-23/Germany-CIO-mobile.jpg)
CIO Special report
Strengthen the competitiveness of the German economy
The German economy is faltering and there is a growing debate about the appropriate policy response, but we remain confident that the country can address its structural challenges.
Sep 15, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/15-09-23/China-inflation-mobile.jpg)
CIO Memo
China: macro stabilising and RRR cuts
China’s economic indicators for August showed signs of improvement, but market sentiment toward the country's equities could remain relatively weak.
Sep 15, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/15-09-23/EU-central-bank-CIO-mobile.jpg)
CIO Memo
Fighting Inflation with 4%
The eurozone interest rate peak seems to have been reached – but rates will likely need to remain high for a longer period of time to get inflation under control.
Sep 14, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/14-09-23/US-Inflation-mobile.jpg)
CIO Memo
U.S. CPI: Uptick keeps the Fed on their toes
U.S. inflation came in higher than expected for the month of August, but not enough for investors believe it would change the Federal Reserve's expected course of action.
Sep 13, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/31-07-23/BOJ-deutsche-bank-mobile.jpg)
CIO Memo
Japan: end of negative interest rate regime in sight
Over the weekend, the Bank of Japan (BoJ) Governor Kazuo Ueda announced that Japan could soon end its decades-long negative interest rate regime.
Sep 11, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/04-09-23/mob-memo.jpg)
CIO Memo
China: more property stimulus measures
Chinese regulators announced more supportive measures to support the property market, including reducing downpayments and lowering mortgage rates.
Sep 04, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/01-09-23/US-jobs-mobile.jpg)
CIO Memo
Nonfarm payrolls: Summer lows
The August U.S. jobs report showed a combination of higher unemployment and slower wage growth, increasing expectations that the Federal Reserve would leave interest rates unchanged at its next meeting.
Sep 01, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/29-08-23/mob-China-equities-deutsche-bank.jpg)
CIO Memo
China: equities rebound on supportive measures
Chinese regulators announced a slew of measures to support equities, and we expect more aggressive stimulus ahead, especially in the property market.
Aug 28, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/land-resources/land-resources-deutsche-bank-mob.jpg)
CIO Special report
Land resources: Conservation and regeneration
Our planet provides an abundance of land-based resources that we use to meet our needs, but just five key demand areas - cement, aluminium, steel, plastics, and food - account for around 37% of global CO2 emissions.
Aug 22, 2023
![future fundamentals podcast measuring esg](/dam/deutschewealth/future-fundamentals-podcast/measuring-esg/mob-future-fundamentals-podcast-measuring-esg.jpg)
Future Fundamentals podcast
Measuring sustainability
Deutsche Bank Private Bank’s ESG CIO Markus Müller and Anna Katharina Mayer, Club of Rome member and FindingSustainia co-founder, look at the complex issues around measuring sustainability – in other words, how we assess the real impact of corporate, government and individual actions on the natural world around us.
Aug 21, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/15-08-23/china-interest-rate-deutsche-bank-mob.webp)
CIO Memo
China: Rate cuts amid economic weakness
China released weaker-than-expected industrial production and retail sales data and the country's central bank delivered earlier-than-expected interest-rate cuts.
Aug 15, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/us-eurozone-corp-bonds/mob-corporate-bonds.jpg)
CIO Special report
Corporate bonds in the U.S. and Eurozone – risks and opportunities
The ratings for investment-grade corporate bonds in the U.S. and the Eurozone have developed positively recently - despite difficult economic conditions.
Aug 11, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/china-economy-outlook/Chinese-Economic-Performance-Mobile.jpg)
CIO Special report
China: Looking beyond the near-term challenges
The Chinese government has left no doubt that it is serious about addressing the country's sluggish growth with targeted support measures, but recent economic data confirm the near-term challenges.
Aug 11, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/11-08-23/US-Consumer-Inflation-Mobile.jpg)
CIO Memo
U.S. CPI: Moderating but still elevated
Slightly better-than-expected U.S. inflation data reinforced expectations that the Federal Reserve may not increase benchmark interest rates in September.
Aug 11, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/10-08-23/reserve-bank-of-india-deutsche-bank-mobile.jpg)
CIO Memo
India: RBI - Rate pause continues, hawkish tone rises
The Reserve Bank of India paused on interest-rate increases for the third consecutive time, with statements conveying this to be a hawkish hold.
Aug 10, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/07-08-23/US-jobs-report-deutsche-bank-mobile.jpg)
CIO Memo
Nonfarm payrolls: Labor market slowly cools
The U.S. jobs report for July showed further signs of cooling in the labor market but did not appear to alter expectations for the Federal Reserve's next policy decision.
Aug 04, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/03-08-23/us-ratings-downgrade-deutsche-bank-mobile.jpg)
CIO Memo
U.S. rating downgrade: latest update
Fitch Ratings surprised markets with a downgrade for longer-term U.S. sovereign debt, pointing to the protracted negotiations around the debt ceiling and noting that “cliff-edge” resolution talks have become more frequent in recent years.
Aug 03, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/04-08-23/bank-england-mob.webp)
CIO Memo
BOE: Opting for a softer hike
The Bank of England raised its key interest rate as expected, and the central bank's governor said that it was too early to declare victory in the fight against inflation.
Aug 03, 2023
![Rainforests: the Earth’s green lung | Deutsche wealth management services](/dam/deutschewealth/cio-perspectives/cio-special-assets/rainforest/mob-rainforest-special-deutsche-bank.jpg)
CIO Nature Series
Rainforests: the Earth’s green lung
Rainforests provide invaluable ecosystem services supporting climate management, biodiversity, and rural livelihoods—but they are also fragile. In this publication, we focus on four key concerns: deforestation, climate change, poaching and illegal trade, and mining and oil extraction
Aug 02, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/global-banks/global-banks-mob.jpg)
CIO Special report
Global Banks: Complex challenges and compelling opportunities
In the medium term we continue to favour European banks over their U.S. peers, but note that investors willing to look beyond the short-term headwinds may find interesting opportunities in the U.S.
Aug 01, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/31-07-23/BOJ-deutsche-bank-mobile.jpg)
CIO Memo
Japan: BoJ adjusts yield curve control
The Bank of Japan decided to allow for more flexibility in its yield curve control. As an outlier among industrialised countries, Japan sees itself increasingly forced to tighten monetary policy.
Jul 28, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/28-07-23/European-central-bank-deutsche-bank-mobile.jpg)
CIO Memo
ECB: rate hike despite weak economy
The European Central Bank raised its key interest rates and emphasised the economic slowdown in the region. Another rate hike by the end of the year is likely.
Jul 27, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-memo-assets/27-07-23/Federal-reserve-US-deutsche-bank-mobile.jpg)
CIO Memo
FOMC: As you were
The Federal Reserve lifted interest rates and said it would focus on economic data in future policy decisions as it seeks to bring inflation down to target. Elevated labor and price data will keep the potential of further hikes “on the table”.
Jul 26, 2023
![CIO Memo | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/china-npc-ambitious-growth-target-for-2022/china-npc.jpg)
CIO Memo
China: Politburo meeting signals more stimulus
The Politburo meeting on Monday delivered strong high- level guidance to stimulate China’s economy, especially in consumption support and property sectors.
Jul 25, 2023
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/japanese-equities-remain-on-the-up/mob-cio-special-japanese-equities.jpg)
CIO Special report
Japanese equities remain on the up
Japanese equities have been among the top performers this year, with the TOPIX posting a striking 20.9% return in JPY terms since the beginning of the year, and the Nikkei 225 climbing to a 33-year high. This new CIO Special on Japan looks at the factors that may have contributed to this success and future developments in the country.
Jul 24, 2023
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ESG special reports
![esg sustainable economy](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-june-2023/cio-esg-market-monitor-red.jpg)
CIO Special report
ESG Market Monitor Q2 2024
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
![cio esg market monitor red](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-june-2023/cio-esg-market-monitor-red.jpg)
CIO Special report
ESG Market Monitor Q1 2024
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
![esg market monitor desk](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-q4-2023/esg-market-monitor-desk.jpg)
CIO Special report
ESG Market Monitor: Q4 2023
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
![CIO ESG Survey 2023 (1)](/dam/deutschewealth/capabilities/CIO-ESG-Survey-2023-(1).jpg)
CIO Special report
ESG Survey 2023: Sustainable transition and investment
Over the last three years, our annual survey has examined our private, business and institutional clients’ attitudes to the multiple dimensions of ESG (environmental, social and governance) investing. This year, we had 1,759 responses to our survey, double the 849 received in 2022.
![esg desk](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-q3-2023/esg-desk.jpg)
CIO Special report
ESG Market Monitor: Q3 2023
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-investment-performance/esg-strategically.webp)
CIO Special report
ESG & investment performance: think strategically
The key to sustained long-term returns from ESG investment is effective strategic asset allocation.
![CIO Special | Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-special-assets/smart-mobility/smart-mobility-deutsche-bank.webp)
CIO Special report
Smart mobility: switch, optimise, prioritise
Once we looked to technology to make transportation systems cheaper, faster or safer. But “smart mobility” needs to be more sustainable too - and the primary challenge may be social in nature.
![cio esg market monitor red](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-market-monitor-june-2023/cio-esg-market-monitor-red.jpg)
CIO Special report
ESG Market Monitor: Q2 2023
Our ESG Market Monitor publication is designed to help you stay informed and up-to-date on the latest developments in environmental, social and governance (ESG) investing and the transition to more sustainable economies.
![ESG investment survey 2022](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-survey-trends-and-concerns/ESG-investment-survey-2022.jpg)
CIO Special report
ESG Survey 2022: Trends and concerns
In this year's survey we asked almost twice as many questions, with the aim of getting a more complete view of our private, institutional and business clients’ attitudes to ESG.
![Commodities, the energy transition and ESG portfolios | Deutsche wealth management services](/dam/deutschewealth/cio-perspectives/cio-special-assets/commodities-the-energy-transition-and-esg-portfolios/commodities-esg-transition.jpg)
CIO Special report
Commodities, the energy transition and ESG portfolios
Energy price volatility has had an obvious impact on ESG portfolios this year, but we also need to consider the longer-term dynamics around energy and commodity markets.
![Ensuring a sustainable blue economy](/dam/deutschewealth/cio-perspectives/cio-special-assets/ensuring-a-sustainable-blue-economy/waves_blue_economy.jpg)
CIO Special report
Ensuring a sustainable blue economy
The Ocean provides key ecosystem services that are crucial for human wellbeing and the prosperity of the global economy. Learn more on how a sustainable blue economy could be implemented.
![Energy and Asia: future challenges | Deutsche wealth management services](/dam/deutschewealth/cio-perspectives/cio-special-assets/energy-and-asia-future-challenges/asia-energy.jpg)
CIO Special report
Energy and Asia: future challenges
Our CIO Special looks at the rapidly growing Asian energy market and how policymakers are trying to satisfy growing demand – while also reducing carbon emissions and improving energy security.
![India: on the cusp of energy transition | Deutsche wealth management services](/dam/deutschewealth/cio-perspectives/cio-special-assets/india-energy-transition/cio-india-energy-red.jpg)
CIO Special report
India: on the cusp of energy transition
In this CIO Special we look at the remarkable progress that India has achieved in its energy transition from fossil-fuel based sources to sustainable and green ones.
![cio special nbs](/dam/deutschewealth/cio-perspectives/cio-special-assets/nature-based-solutions/cio-special-nbs.jpg)
CIO Special report
Nature-based Solutions and the climate crisis
Nature-based Solutions (NbS) will help us tackle the climate crisis. But to fully harness their potential, we need a precise conceptual understanding of what they are and the benefits they provide.
![ESG and investment performance: challenges ahead? | ESG investing](/dam/deutschewealth/cio-perspectives/cio-special-assets/esg-investment-performance-challenges/esg-challenges-red.jpg)
CIO Special report
ESG and investment performance: challenges ahead?
After the initial phases of acceptance, then rapid growth, ESG has now entered a new stage centred on performance – both in terms of financial returns and “real world” positive effects. Our latest CIO Special report looks at the changing landscape of ESG investing, what to expect in future and the portfolio management implications.
![coral rainforest of the sea | The blue economy](/dam/deutschewealth/cio-perspectives/cio-special-assets/corals-the-rainforests-of-the-sea/corals-biodiversity.jpg)
CIO Nature Series
Corals: the rainforests of the sea
This introductory guide to the global threats facing coral reefs – and what we can do to reduce them – is part of our new CIO Nature Series providing insights on nature-based solutions to address climate impacts and foster adaptation efforts.
![ocean’s natural capital | The blue economy](/dam/deutschewealth/cio-perspectives/cio-special-assets/ocean-finance-redefining-the-value-chain/ocean-finance-blue-economy-banner.jpg)
CIO Special report
Ocean finance: redefining the value chain
As we mark the UN’s World Oceans Day for 2022, we face major challenges in building a sustainable blue economy. This CIO Special, produced in collaboration with the Ocean Risk and Resilience Action Alliance (ORRAA), explains how the global financial sector will play an important role in finding solutions.
![Biodiversity: the new playing field for ESG assessment](/dam/deutschewealth/cio-perspectives/cio-special-assets/biodiversity-new-playing-field/Bio-diversity-deutsche-bank.jpg)
CIO Special report
Biodiversity: the new playing field for ESG assessment
Our CIO Special looks at likely future trends in ESG assessment and why biodiversity will be an increasingly important consideration.
![Natural capital and biodiversity: measurement and investment | Deutsche wealth management services](/dam/deutschewealth/cio-perspectives/cio-special-assets/natural-capital-and-biodiversity/cio-special-natural-capital.jpg)
CIO Special report
Natural capital and biodiversity: measurement and investment
Our special report looks at the topic of biodiversity from a natural capital perspective, and provides insights into how we can start to tackle the “triple planetary crisis” around climate, nature and pollution. With a preface by Professor Sir Partha Dasgupta, Frank Ramsey Professor Emeritus of Economics at the University of Cambridge.
![CIO Special Coastlines In Crisis](/dam/deutschewealth/cio-perspectives/cio-special-assets/coastlines-in-crisis/CIO-Special-Coastlines-In-Crisis.jpg)
CIO Special report
Coastlines in crisis: key risks from rising oceans
Rising seas will compound other effects from climate change and ocean degradation. They will have major implications for the overall macroeconomic and policy outlook, and for investment.
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CIO Special report
Rethinking infrastructure: technology and ESG
Infrastructure needs are massive across both developed and emerging economies. Our new CIO Special report looks at infrastructure trends and considers infrastructure in a sustainability context.
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CIO Special report
Biodiversity loss: recognising economic and climate threats
Our latest CIO Special looks at the importance of biodiversity and presents the results from our survey of investor attitudes towards environmental, social and governance (ESG) investing.
![Blue economy 2022 | Wealth Management Services | Deutsche Bank](/dam/deutschewealth/cio-perspectives/cio-special-assets/empowering-the-blue-magic/blue-economy-oceans-2022.jpg)
CIO Special report
Empowering the blue magic: act today for tomorrow
Our new CIO ESG Special provides an intuitive and easy-to-use summary of our previous special report on the blue economy.
![CIO ESG Asia](/dam/deutschewealth/cio-perspectives/cio-special-assets/asian-growth-needs-esg/CIO-ESG-Asia.jpeg)
CIO Special report
Asian growth needs ESG
Our latest report discusses the development of ESG investing in Asia as well as the challenges and opportunities ahead.
![Global sustainability history | ESG trends | Deutsche bank](/dam/deutschewealth/cio-perspectives/cio-special-assets/exploring-the-e-s-and-g-in-esg/cio-esg-deutsche.jpeg)
CIO Special report
Exploring the E, S and G in ESG
Our new CIO Special report looks at the history of global sustainability initiatives, for example around climate change, biodiversity and the blue economy. Read more..
![Biodiversity | Blue economy report](/dam/deutschewealth/cio-perspectives/cio-special-assets/blue-economy/CIO-blue-economy.jpg)
CIO Special report
Understanding the blue economy
In this special report we look at what exactly the blue economy is, and why it remains crucial for biodiversity and the sustainability of global economic development.
![CIO Q3 Governance ESG](/dam/deutschewealth/cio-perspectives/cio-special-assets/g-in-esg/CIO-Q3-Governance-ESG.jpg)
CIO Special report
The “G” in ESG: Governance – a question of balance
Our new CIO Special looks at the evolution of the concept of governance (“G”), the final ESG component along with environmental (“E”) and social (“S”) factors.
![CIO S in ESG](/dam/deutschewealth/cio-esg-images/CIO-S-in-ESG.jpg)
CIO Special report
The "S" in ESG: the ugly duckling of investing
In this CIO Special report we show how social criteria are becoming an integral part of informed investment decisions.
![Deutsche Bank ESG History](/dam/deutschewealth/capabilities-assets/esg/Deutsche-Bank-ESG-History.jpg)
CIO Special report
ESG yesterday, today, tomorrow – sustainability across the centuries
The history of ESG investing shows why the concept of ‘sustainability’ has always belonged to the people.
![ESG Deutsche Bank Wealth Management](/dam/deutschewealth/cio-perspectives/cio-reflections-assets/e-in-esg/ESG-Deutsche-Bank-Wealth-Management.jpg)
CIO Special report
The "E" in ESG
In this new report we outline why we believe that environmental concerns represent the most important aspect of ESG investing and why this topic is particularly relevant now.
Podcasts
![CIO week upfront podcast](/dam/deutschewealth/cio-perspectives/cio-weekly-podcast-assets/CIO-week-upfront-podcast.jpeg)
CIO Podcast
Weekly Investment Outlook: July 22, 2024 – U.S. Economy: Bending, but not breaking
Deepak Puri, Chief Investment Officer for the Americas, outlines what recent economic data could mean for Fed policy, and offers a view on U.S. equities as well as geopolitical considerations for investors.
![investing blue economy desk](/dam/deutschewealth/future-fundamentals-podcast/investing-blue-economy/investing-blue-economy-desk.jpg)
Future Fundamentals podcast
Investing in the Blue Economy: a blueprint for action
In our Future Fundamentals podcast, Karen Sack, of ORRAA, and Markus Müller, our Chief Investment Officer for ESG, take a deep dive into the sustainable blue economy.
![ff sustainable cities copy](/dam/deutschewealth/future-fundamentals-podcast/sustainable-cities-episode-5/ff-sustainable-cities%20copy.webp)
Future Fundamentals podcast
Sustainable cities
The Private Bank’s ESG CIO Markus Müller and Dr. Philipp Rode of the London School of Economics (LSE) look at how cities can adapt to increasing social, economic and environmental pressures in an ever-more urbanised world.
![future fundamentals podcast measuring esg](/dam/deutschewealth/future-fundamentals-podcast/measuring-esg/future-fundamentals-podcast-measuring-esg.jpg)
Future Fundamentals podcast
Measuring sustainability
Deutsche Bank Private Bank’s ESG CIO Markus Müller and Anna Katharina Mayer, Club of Rome member and FindingSustainia co-founder, look at the complex issues around measuring sustainability – in other words, how we assess the real impact of corporate, government and individual actions on the natural world around us.
![ff sustainable supply chain](/dam/deutschewealth/future-fundamentals-podcast/sustainable-supply-chain/ff-sustainable-supply-chain.jpg)
Future Fundamentals podcast
Sustainable value chains
Deutsche Bank Private Bank's ESG CIO Markus Müller and Deutsche Bank Research’s Marion Laboure look at value chains in the global economy – and why there are increasing concerns about their sustainability.
![sovereign carbon credits podcast](/dam/deutschewealth/cio-perspectives/cio-special-assets/unfccc-redd-sovereign-carbon/sovereign-carbon-credits-podcast.jpg)
Future Fundamentals podcast
Sovereign carbon credits
Claire Coustar of Deutsche Bank’s Investment Bank joins Markus Müller, Chief Investment Officer ESG & Global Head Chief Investment Office at Deutsche Bank's Private Bank, to discuss the recent evolution of the sovereign carbon credits market and how it will help us value and protect natural assets.
![future of work](/dam/deutschewealth/cio-perspectives/cio-special-assets/the-future-of-work-rero-revolution/future-of-work.jpg)
Future Fundamentals podcast
The future of work and the ReRo revolution
Marion Laboure, Senior Economist at Deutsche Bank and Research Lecturer at Harvard University, joins Markus Müller, Chief Investment Officer ESG & Global Head Chief Investment Office at Deutsche Bank's Private Bank, to discuss the continuing process of workplace change and the Remote working and Robotics (ReRo) revolution.
![Future Fundamentals Deep Sea Podcast 2880x1240](/dam/deutschewealth/future-fundamentals-podcast/deep-sea-episode-3/Future-Fundamentals-Deep-Sea-Podcast-2880x1240.jpg)
CIO podcast
The deep sea: Earth’s final frontier for exploration and sustainable development
Doug McCauley, professor of ocean science at the University of California Santa Barbara and director of the Benioff Ocean Initiative, joins Markus Müller, head of the Chief Investment Office at Deutsche Bank's International Private Bank, to discuss the deep sea and the importance of taking a long-term, sustainable approach to its development.
![DBW Medtech 2880x1240](/dam/deutschewealth/capabilities-assets/why-medtechs-future-depends-on-data-as-much-as-devices/DBW_Medtech_2880x1240.jpg)
Future Fundamentals podcast
Medtech: the future of healthcare beyond COVID-19
University of Oxford professor and medical device innovator Constantin Coussios joins Deutsche Bank’s Christian Nolting to discuss how digitalisation and demographics are converging to improve lives and create investment opportunities.
![coral blue economy deutsche bank](/dam/deutschewealth/coneversation-assets/kristen-marhaver-coral-whisperer/coral-blue-economy-deutsche-bank.jpg)
Future Fundamentals Podcast
Biodiversity loss: how many extinctions add up to economic collapse?
Acclaimed marine biologist and coral expert Kristen Marhaver joins Markus Müller, head of the Chief Investment Office at Deutsche Bank's International Private Bank, for the first episode of our Future Fundamentals podcast, designed to explore the long-term investing implications of today's key issues.