Investing insights

This is an updated version of our quarterly PERSPECTIVES Economic and asset class outlook following our ad hoc CIO Day.

The latest quarterly update of our views includes 2025 and 2026 forecasts for GDP growth and inflation, along with 12-month targets for key policy rates and markets.

This is the latest edition of our PERSPECTIVES: Economic and asset class outlook. It provides a summary update of our economic and asset class views following our quarterly CIO Day.

In the third issue of our quarterly publication PERSPECTIVES, we provide an update on our economic and investment outlook for the remainder of 2024 and beyond.

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.

As demand surges, primarily due to electrification and data centre expansion, the need for low-emission energy sources becomes critical. This transition necessitates significant investments in grid expansion and modernisation to integrate renewable energy sources while maintaining system stability and resilience.

China unveiled several stimulus measures on May 7 and it was confirmed that the U.S. and China would hold official tariff negotiations this week. In this PERSPECTIVES Special, we look at the impact of these events on Chinese equities.

Our new special report describes our approach to Strategic Asset Allocation (SAA) – the key driver of multi-asset portfolio returns.

The first 100 days of the President Trump’s second presidency has clearly pointed to an ‘America First’ agenda. We take a closer look at portfolio impact and what this means for investors globally in this PERSPECTIVES Special.

In this CIO Special, we look at four possible investment areas and consider their merits.

U.S. trade and tariff policies and their lack of predictability have caused significant price fluctuations in all areas of the financial markets. Browse this page for more details.

The client-ready ESG and Sustainability Market Monitor helps 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.

On Wednesday, President Trump announced his decision to put a 90-day pause on reciprocal tariffs on all countries except China. The reciprocal tariffs, which were announced a week prior, were set to take effect on April 9th and targeted a broad range of trading partners.

The U.S. administration has now announced the details of its “reciprocal” tariffs on trading partners. In this CIO Perspectives Memo, “Liberation Day” rattles markets, we discuss how they will work, what could happen next and the implications for economies, financial markets and investors.

Long term Capital Market Assumptions (LTCMA) form a vital component of systematic long-term asset allocation approaches. This report highlights significant developments to our 10-year (i.e. 2025-2034) asset class return assumptions since the last review, and the impact of macroeconomic and monetary policy developments, amongst other factors. It presents LTCMA for selected sub-asset class indices within equities, fixed income and commodities.

In this PERSPECTIVES Viewpoint FX: Paradigm shift in the currencies markets – we examine the factors influencing the development of exchange rates in the next twelve months and present our corresponding forecasts.

These changes should accelerate Europe’s path to decarbonization, reinforcing the EU’s leadership in climate policy. Industries will need to adapt to tighter regulations, while investors navigate an evolving carbon market with new risks and opportunities. The coming years could shape the balance between economic growth and environmental responsibility, potentially setting a precedent for future carbon pricing mechanisms worldwide.