Articles

Adam Norman

event March 2025

4 min

Article

2026-03-31

Active management Growth Equity Wealth Program Fundamental equity US Quality Growth Wealth Article

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 beyond the dominant market narrative.

Multiple authors

event March 2025

6 min

Article

2026-04-30

Fixed income Inflation Interest rates Content CoE Program Global Program Article

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.

By

event March 2025

3 min

Article

2026-03-31

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

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.

By

event March 2025

2 min

Article

2026-03-31

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

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.

Multiple authors

event March 2025

6 min

Article

2026-03-31

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

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.

By

event March 2025

5 min

Article

2026-03-31

Macro and market Multi-asset Asset allocation Wealth Program iStrat Multi-Asset solutions Tactical allocation Monthly Asset Allocation Outlook Article

Monthly Asset Allocation Outlook

How to reposition portfolios for an era of uncertainty? Explore the latest monthly snapshot of our Multi-Asset Team’s asset class views.

Multiple authors

event March 2025

4 min

Article

2026-03-31

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

Bonds in Brief: Making Sense of the Macro

What do geopolitical turmoil and Germany's fiscal transformation mean for bond markets? Investment Director Marco Giordano gives his assessment of the risks and opportunities for bond markets.

By

event March 2025

4 min

Article

2026-03-31

Interest rates Private credit Private investing Private Investing Program Article

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.

By

Alyssa Irving

Andrew Bayerl, CFA

event March 2025

6 min

Article

2026-02-28

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

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.

By

event March 2025

4 min

Article

2026-03-31

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

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.

By

event February 2025

5 min

Article

2026-02-28

electric-grid-high-voltage-tower-802410948

Equity Carbon emissions Utilities Wealth Program Energy Active management Article

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?

By

Tom Levering

event February 2025

7 min

Article

2026-02-28

Deutschland, Berlin, Blick vom Marie-Elisabeth-Lüders Haus über die Spree auf den Reichstag und Paul-Löbe-Haus bei Sonnenuntergang

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

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.

By

event February 2025

5 min

Article

2026-02-28

Chart in Focus Quality Inflation Wealth Program Article

Chart in Focus: Can quality hedge against inflation?

Can Quality hedge against inflation？ In this latest edition of Chart in Focus, we explore the historic outperformance of high-quality stocks and bonds during periods of high inflation, perhaps offering lessons should inflation surprise to the upside in 2025.

Multiple authors

event February 2025

3 min

Article

2026-02-28

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

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.

By

event February 2025

5 min

Article

2026-02-28

USA Total return Credit Wealth Program Fixed income Wealth Volatility Article

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.

By

event February 2025

5 min

Article

2026-02-28

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

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.

By

Michael Barry

event February 2025

5 min

Article

2026-02-28

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

Sizing private-market allocations: part one

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.

Multiple authors

event February 2025

8 min

Article

2026-02-28

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

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.

Multiple authors

event February 2025

4 min

Article

2026-02-28

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

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.

By

Greg Wasserman, CFA

Jenny Xie

event February 2025

7 min

Article

2026-02-28

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

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.

By

Ian Spencer

event February 2025

6 min

Article

2026-02-28

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

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.

By

event February 2025

6 min

Article

2026-02-28

Active management Europe Fixed income Wealth Program Article

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.

By

Tobias Ripka, CFA

event February 2025

4 min

Article

2026-02-28

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

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.

By

event February 2025

5 min

Article

2026-02-28

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

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.

By

event February 2025

7 min

Article

2026-02-28

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

Geopolitics in 2025: Risks, opportunities, and deepening uncertainties

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

By

event February 2025

8 min

Article

2026-02-28

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

Turning tides for US Treasuries

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

By

Schuyler Reece, CFA

event February 2025

3 min

Article

2026-02-28

EM equity Geopolitics Thematic exposure Wealth Program Fundamental equity Emerging Market Development Small-cap Equity Emerging markets Content CoE Program Global Program iStrat Article

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.

By

Dáire Dunne, CFA

Irmak Surenkok

event January 2025

5 min

Article

2026-01-31

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

Fed in holding pattern

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

By

event January 2025

3 min

Article

2026-02-28

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

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.

By

Martin Harvey, CFA

event January 2025

7 min

Article

2026-01-31

Active management High yield Outlook Wealth Program Fixed income Global High Yield Euro High Yield Article

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.

Multiple authors

event January 2025

4 min

Article

2025-06-30

A detailed view of the earth from space with night lights

Europe Equity Macro and market Content CoE Program Global Program Fundamental equity Article

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.

By

event January 2025

6 min

Article

2026-02-28

Elections Fiscal policy Geopolitics Content CoE Program Global Program Opportunistic Fixed Income Fixed income Americas China EMEA Macro Yielding insights Article

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.

By

event January 2025

6 min

Article

2026-01-31

Macro and market Volatility Outlook Content CoE Program Global Program Multi-asset Article Infographic

Picture this: Economic forecast in 6 charts

We offer our 2025 economic and market forecasts across the capital markets in 6 charts.

event January 2025

10 min

Article

2025-07-15

Ne year resolution yellow stickers banner

Active management Multi-asset Tactical allocation Wealth Program iStrat Wealth Article

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.

By

event January 2025

5 min

Article

2026-02-28

Income Inflation Thematic exposure Content CoE Program Global Program iStrat Multi-asset Tactical allocation Outlook Article

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?

By

event January 2025

8 min

Article

2025-12-31

Neoclassical columns in a row - camera canon 5D mark II - unsharped RAW - adobe colorspace

Fixed income Volatility Portfolio strategy Content CoE Program Global Program Credit Government bonds Article

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.

By

Adam Norman

event January 2025

5 min

Article

2026-02-28

Innovation Climate Climate tech Sustainable Investing Program Climate Strategy Climate Strategy Equity Article

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.

Multiple authors

event January 2025

6 min

Article

2025-12-31

Liquid alternatives & hedge funds Macro and market Multi-asset DB Public Program iStrat Strategic allocation Risk management Top of Mind Article

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.

By

event January 2025

15 min

Article

2026-01-30

Artificial intelligence (AI) Volatility Outlook Content CoE Program Global Program Multi-asset Fiscal policy Inflation Interest rates Article

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.

event January 2025

3 min

Article

2026-06-06

Liability-driven investing Multi-asset Strategic allocation DB Private Program iStrat Private pension (DB) Article

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.

By

Ryan Randolph

event January 2025

12 min

Article

2026-01-31

Hedge funds Macro and market Strategic allocation Content CoE Program Global Program iStrat Long-short Macro hedge funds Liquid alternatives & hedge funds Manager selection Outlook Article

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.

By

event January 2025

6 min

Article

2025-12-31

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

Scaling opportunities in a new economic era

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

event January 2025

Article

2026-01-31

Outlook Liquid alternatives & hedge funds Hedge funds Private credit Volatility Economic cycle Private equity Article

Alternative Investment Outlook

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

By

event January 2025

Article

2025-12-31

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

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.

By

Caroline Casavant

event December 2024

3 min

Article

2025-06-30

Active management Liquid alternatives & hedge funds Multi-asset Content CoE Program Global Program Article Private investing

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.

By

Jean Hynes, CFA

event December 2024

9 min

Article

2025-12-31

Private company management Private equity ESG Private companies Private portfolio companies ESG insights for private companies Private investments Article

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.

Multiple authors

event December 2024

7 min

Article

2025-12-31

Biotech Venture capital Private equity Private Investing Program Liquid alternatives & hedge funds Health care Innovation Private investments Article

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.

Multiple authors

event December 2024

5 min

Article

2025-12-01

Equity Factors Macro and market Content CoE Program Global Program iStrat Active management Portfolio construction Whitepaper Article

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.

By

Gregg Thomas, CFA

Megan Kelly, CFA

event December 2024

18 min

Whitepaper

2025-12-31

Active management Credit Outlook Content CoE Program Global Program Fixed income Article

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.

By

Rob Burn, CFA

Cory Perry, CFA

event December 2024

5 min

Article

2025-12-31

Multi-asset Outlook iStrat Brand Content CoE Program Global Program Article

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.

Multiple authors

event December 2024

Article

2025-12-31

Outlook Equity Volatility Growth Cash-driven investing Market commentary Active management Article

Equity Market Outlook

In our Equity Market Outlook, we offer a range of fundamental, factor, and sector insights.

By

event December 2024

Article

2025-12-31

Active management Fixed income Outlook Content CoE Program Global Program Credit Government bonds Investment grade Economic cycle Interest rates Monetary policy Article

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.

Multiple authors

event December 2024

7 min

Article

2025-12-31

Growth Small-cap Economic cycle Content CoE Program Global Program Thematic solutions Equity Active management Asset allocation Article

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.

By

event December 2024

10 min

Article

2025-12-31

Fiscal policy Interest rates Tactical allocation Content CoE Program Global Program iStrat Multi-asset Outlook Article

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.

Multiple authors

event December 2024

12 min

Article

2025-12-31

Geopolitics Volatility Multi-asset Macro and market Top of Mind Article iStrat Tactical allocation DB Public Program

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.

By

event December 2024

15 min

Article

2025-12-01

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

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.

Multiple authors

event December 2024

5 min

Article

2025-12-31

Artificial intelligence (AI) Outlook Venture capital Content CoE Program Global Program Private equity Private investing Elections Article

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.

Multiple authors

event December 2024

7 min

Article

2025-12-31

Outlook Private investing Private equity Venture capital Article

Private Investment Outlook

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

Multiple authors

event December 2024

Article

2025-12-31

Interest rates Outlook Private investing Content CoE Program Global Program Article

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.

By

Emily Bannister, CFA

Sonali Wilson

event December 2024

6 min

Article

2025-12-31

Active management Income High yield Wealth Program Fixed income Euro High Yield Global High Yield Article

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.

By

Jennifer Martin, CFA

event December 2024

5 min

Article

2026-01-01

Income Equity Fixed income Content CoE Program Global Program iStrat Economic cycle Portfolio strategy Outlook Article Tactical allocation

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?

By

Jeremy Butterworth

event December 2024

8 min

Article

2025-12-31

Macro and market Multi-asset Tactical allocation FRM Program iStrat Article Balance sheet

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.

By

event November 2024

14 min

Article

2025-11-30

Macro and market Monetary policy Outlook Content CoE Program Global Program Article

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.

By

event November 2024

6 min

Article

2025-11-30

Outlook Economic cycle Geopolitics Inflation Macro Article No Optimizely

Global Economic Outlook

Our macro strategists continue to expect that the interlinkages between countries, central bank policies, and market pricing will change, creating potentially attractive opportunities for active portfolio management and security selection.

Multiple authors

event November 2024

Article

2025-11-30

Inflation Volatility Outlook Content CoE Program Global Program Equity Fixed income USA Article

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.

By

event November 2024

8 min

Article

2025-11-30

Fiscal policy Inflation Outlook Content CoE Program Global Program Fixed income Americas Article

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.

By

event November 2024

6 min

Article

2025-11-30

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

Monthly Market Review — October 2024

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

By

event November 2024

18 min

Article

2025-11-30

Helicopter view of the New York City skyline and the The Trump Building in Lower Manhattan, New York.

Chart in Focus Elections Asset allocation Advised Retail Program Diversification Article iStrat Tactical allocation

Chart in Focus: Is the “Trump trade” real?

Is this "Trump trade" real？In this latest edition of Chart in Focus, we compare market's reactions to Trump's re-election and his 2016 election, and share our observations.

Multiple authors

event November 2024

3 min

Article

2025-11-29

Active management Income Volatility Wealth Program Fixed income Credit Article

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.

By

Jonathan Tan, CFA

event November 2024

8 min

Article

2025-11-30

Fixed income Elections Monetary policy Content CoE Program Global Program USA Article

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.

By

event November 2024

4 min

Article

2025-11-30

Chart in Focus Growth Equity Advised Retail Program Market commentary Article iStrat Tactical allocation

Chart in Focus: Can this equity bull market last?

Can this current equity bull market last? In this latest edition of Chart in Focus, we focus on the indicators of whether it may come to an end or keep running.

Multiple authors

event November 2024

3 min

Article

2025-11-30

Equity Inflation Monetary policy Wealth Program EMEA Article

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?

By

event November 2024

6 min

Article

2025-11-30

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

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.

By

event November 2024

3 min

Article

2025-11-30

Total return Fixed income Credit Wealth Program USA Article Industrials

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.

By

event November 2024

6 min

Article

2025-11-30

USA Elections Wellington on Washington and the World Content CoE Program Global Program Multi-asset Article Sourced Group (iSci, iStrat)

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.

By

event November 2024

5 min

Article

2025-11-30

Food served on a table set outside, without people

Artificial intelligence (AI) Private investing Venture capital Private Investing Program Private equity Article

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.

By

Rob Mazzoni

event November 2024

9 min

Article

2025-11-30

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

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.

By

event November 2024

5 min

Article

2025-11-01

Geneva, Switzerland skyline view over the river at sunset

Active management Europe Equity Wealth Program Wealth Article

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.

By

Dirk Enderlein, CFA

Boris Kergall, CFA

event October 2024

7 min

Article

2025-10-31

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

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.

Multiple authors

event October 2024

3 min

Article

2025-10-31

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

Impact measurement and management: addressing key challenges

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

By

event October 2024

5 min

Article

2025-10-31

Forked road in St. James Gardens, Liverpool. St James's Cemetery is an urban park behind the Liverpool Cathedral. This photo symbolise a choice between two different paths. Diminishing perspective point of view..

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

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.

By

event October 2024

5 min

Article

2025-11-30

Active management Growth Equity Wealth Program Article

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?

Multiple authors

event October 2024

8 min

Article

2025-11-30

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

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.

By

Yolanda Courtines, CFA

Alex Davis

event October 2024

5 min

Article

2025-10-31

Impact investing Private companies Sustainability Private investing Private equity Venture capital Liquid alternatives & hedge funds Equity Fixed income Impact Private company management Private portfolio companies Impact measurement Private investments Sustainable investing Article

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.

By

Louisa Boltz

event October 2024

6 min

Article

2025-10-31

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

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.

By

Wen Shi, PhD, CFA

Mark Sevecka, PhD

event October 2024

8 min

Article

2025-10-31

Energy Artificial intelligence (AI) Stewardship Sustainable Investing Program Thematic solutions Article

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.

By

Caroline Conway

Edwina Matthew

event October 2024

10 min

Article

2025-10-31

Equity Economic cycle Interest rates Content CoE Program Global Program Americas Inflation Monetary policy Yielding insights Article

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.

By

event October 2024

5 min

Article

2025-10-31

Insurance Multi-asset Tactical allocation FRM Program iStrat Monetary policy Article

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.

By

event October 2024

18 min

Article

2025-10-31

Japan Equity Automation Wealth Program Global Industry Research Industrials Article

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.

By

Takuma Kamimura

event October 2024

5 min

Article

2025-10-31

Equity iStrat Elections Wealth Program Thematic solutions Article Thematic exposure

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.

Multiple authors

event October 2024

7 min

Article

2025-10-31

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

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.

By

event October 2024

5 min

Article

2025-09-30

USA Income Credit Content CoE Program Global Program Fixed income Article

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.

Multiple authors

event October 2024

4 min

Article

2025-10-31

Monetary policy Multi-asset Tactical allocation Content CoE Program Global Program Elections Quarterly Asset Allocation Outlook Article iStrat

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.

Multiple authors

event October 2024

12 min

Article

2025-10-31

Sustainability Impact Climate Impact investing Global Impact Global Impact Bond Global Impact Global Impact Bond Stewardship Impact measurement Sustainable investing Brand Article

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.

By

Louisa Boltz

event October 2024

9 min

Article

2025-10-02

Geopolitics Macro and market Energy Content CoE Program Global Program Article

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.

By

event October 2024

2 min

Article

2025-10-02

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

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.

Multiple authors

event October 2024

6 min

Article

2025-10-31

Economic cycle Interest rates Portfolio strategy Advised Retail Program iStrat Active management Article Chart in Focus Tactical allocation

Chart in Focus: What does the rate cut mean for equities and bonds?

Are rate cuts positive? On the heels of the much-anticipated initial Fed cut, in this article we look to historic precedent for where the markets could go in the coming months.

Multiple authors

event September 2024

3 min

Article

2025-09-30

USA Growth Elections Wealth Program Equity Volatility Article

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.

Multiple authors

event September 2024

6 min

Article

2025-09-30

Active management Equity Macro and market Wealth Program USA Emerging markets Growth Wealth Article Chart in Focus iStrat Tactical allocation

Chart in Focus: The need to differentiate market growth from macro growth

Macro growth and earnings growth have been misaligned for the last 15 years, particularly in the US and China, but in opposite directions. For equity investors, what would be the key to identify real growth?

By

event September 2024

3 min

Article

2025-09-30

Monthly Market Review Multi-asset Institutional Program Fixed income Equity Commodities Market commentary Geopolitics Economic cycle Article

Monthly Market Review — August 2024

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

By

event September 2024

12 min

Article

2025-09-30

Fixed income Credit Monetary policy Content CoE Program Global Program USA Article

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.

By

Caroline Casavant

event September 2024

3 min

Article

2025-09-30

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

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.

By

event September 2024

3 min

Article

2025-09-30

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

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.

By

event September 2024

5 min

Article

2025-09-30

Private investing Equity Innovation Institutional Program Hybrid investing Private equity Active management Macro and market Private companies Article

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.

By

Steve Klar

event September 2024

4 min

Article

2025-09-30

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

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.

By

event September 2024

7 min

Article

2025-09-30

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

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.

By

event September 2024

7 min

Article

2025-09-30

Business People Analyzing Wooden Samples

Europe Equity Macro and market Wealth Program Fundamental equity Macro Wealth Article

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.

By

event September 2024

6 min

Article

2025-10-31

USA Elections Tactical allocation Wealth Program iStrat Geopolitics Wellington on Washington and the World Multi-asset Article

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.

Multiple authors

event September 2024

6 min

Article

2025-09-30

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

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.

By

event September 2024

5 min

Article

2025-09-30

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

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.

By

event September 2024

6 min

Article

2025-09-30

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

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.

By

event September 2024

2 min

Article

2025-09-30

Active management Growth Fixed income Wealth Program High yield Article

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.

By

event September 2024

5 min

Article

2025-09-30

Active management Income Fixed income Wealth Program Credit Article

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.

By

Elisabeth Perenick, FSA, CFA

Derek Hynes

event September 2024

5 min

Article

2025-09-30

capital-securities-world-finance-technology-blue-banner

Active management Fixed income Asset allocation Content CoE Program Global Program Article

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.

By

Noah Atlas, CFA

Brian Garvey

event September 2024

6 min

Article

2025-08-31

Diversification Commodities Sustainability Sustainable Investing Program Sustainable investing Article

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.

Multiple authors

event September 2024

7 min

Article

2025-08-31

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

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.

By

Alyssa Irving

Andrew Bayerl, CFA

event August 2024

5 min

Article

2025-08-31

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

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.

By

Yash Patodia

Brian Yeong

event August 2024

3 min

Article

2025-09-30

Private investing iStrat Strategic allocation Private pension (DB) Article Private credit Americas Liability-driven investing DB Private Program

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.

By

event August 2024

9 min

Article

2025-08-31

Private portfolio companies Private equity Business practices ESG insights for private companies Private company management ESG Article

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.

Multiple authors

event August 2024

7 min

Article

2025-08-28

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

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.

By

Nilesh Kumar, PhD

event August 2024

4 min

Article

2025-08-31

Economic cycle Geopolitics Market commentary Institutional Program Commodities Equity Fixed income Monthly Market Review Article

Monthly Market Review — July 2024

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

By

event August 2024

12 min

Article

2025-08-31

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

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.

By

Prakhar Singh

event August 2024

6 min

Article

2025-08-31

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

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.

By

event August 2024

4 min

Article

2025-02-28

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

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.

By

Thibault Nardin

event August 2024

7 min

Article

2025-08-31

Economic cycle Interest rates Monetary policy Content CoE Program Global Program Yielding insights Article

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.

By

event August 2024

4 min

Article

2025-08-31

Market disruptions Volatility Tactical allocation Institutional Program Content CoE Program Global Program Interest rates Multi-asset iStrat Article

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.

By

event August 2024

3 min

Article

2025-08-31

Fixed income Economic cycle Monetary policy Content CoE Program Global Program Credit USA Inflation Interest rates Yielding insights Article

Still waiting…Fed wants more data before cutting policy rates

Our expert dives into Fed policy following the July FMOC meeting.

By

event August 2024

3 min

Article

2024-10-31

multi-family-housing-neoclassical-masonic

Fixed income Investment grade Real estate Institutional Program Global Credit Plus Opportunistic Fixed Income Credit Article Economic cycle Sustainability

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.

Multiple authors

event July 2024

5 min

Article

2025-07-31

Liquid alternatives & hedge funds Macro and market Asset allocation Alternatives Hedge Funds Program Article Hedge funds

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.

By

Mark Sullivan, CFA, CMT

Vivian Bi, CFA

event July 2024

10 min

Article

2026-07-31

Venture capital Artificial intelligence (AI) Private company management Private Investing Program Private equity Private investing Private portfolio companies ESG insights for private companies Article

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.

Multiple authors

event July 2024

8 min

Article

2025-07-30

Elections Interest rates DB Public Program Content CoE Program Global Program Top of Mind USA Fixed income iStrat Article Tactical allocation

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.

By

event July 2024

9 min

Article

2025-06-30

Income Fixed income Interest rates Wealth Program Asia advised retail Credit Wealth Article Wealth Chart in Focus

Chart in Focus: Four key areas of opportunities in bonds amid Fed uncertainty

We discuss four key areas of opportunities in fixed income amid Fed uncertainty in the second half of the year.

By

event July 2024

3 min

Article

2025-07-31

Elections Inflation Interest rates Institutional Program Credit Government bonds Fixed income Americas Wellington on Washington and the World Article

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.

By

event July 2024

3 min

Article

2024-11-30

Equity Innovation DB Public Program Tactical allocation iStrat Macro and market Top of Mind Artificial intelligence (AI) Information technology Public pension (DB) Article Global Innovation

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.

By

Brian Barbetta

event July 2024

7 min

Article

2025-07-31

Private equity Education Private companies Private Investing Program Private investments Article

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.

By

event July 2024

Article

2025-07-31

monthly-market-snapshot-november-2023-173556726-v2

Commodities Equity Fixed income Institutional Program Economic cycle Geopolitics Market commentary Quarterly Market Review Article

Financial Market Review

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

By

event July 2024

17 min

Article

2026-07-31

Europe Equity Elections Fundamental equity Article

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.

By

event July 2024

4 min

Article

2025-05-07

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

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.

By

event July 2024

17 min

Article

2025-07-31

Active management Growth Equity Macro and market Advised Retail Program Asia advised retail USA Wealth Article Chart in Focus iStrat Tactical allocation

Chart in Focus: Broadening earnings growth signals healthy US equity market

Over the past year, the markets have seen the companies best poised to harness and benefit from new innovations within artificial intelligence rewarded accordingly. Can this signal more upside for the entire US equity market?

By

event July 2024

3 min

Article

2025-07-31

Active management Artificial intelligence (AI) Thematic exposure Content CoE Program Global Program Future Themes Equity Thematic solutions Thematic qualifer Article iStrat

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?

By

Dáire Dunne, CFA

Aaron Koh

event July 2024

8 min

Article

2025-06-30

Small-cap Diversification Multi-asset Tactical allocation Wealth Program Inflation Article iStrat

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.

By

John Mullins

event July 2024

6 min

Article

2025-07-31

Elections France Equity Wealth Program Wellington on Washington and the World Geopolitics Fundamental equity Article

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.

By

Thomas Kramer

event July 2024

4 min

Article

2025-07-31

Fixed income Market disruptions Volatility Content CoE Program Global Program Macro and market Multi-asset USA Article Yielding insights

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.

By

event July 2024

5 min

Article

2025-06-30

Interest rates Outlook Content CoE Program Global Program Inflation Tactical allocation Article iStrat

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.

Multiple authors

event July 2024

14 min

Article

2025-01-08

Private investing Private credit Outlook Article

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.

Multiple authors

event July 2024

4 min

Article

2025-06-30

Active management Macro and market Macro Thematic solutions Equity Multi-asset Article iStrat Tactical allocation

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.

By

event June 2024

8 min

Article

2025-06-30

Fixed income Interest rates Outlook Income Credit EM debt Government bonds High yield Investment grade Article

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

By

event June 2024

7 min

Article

2025-06-30

Equity Small-cap Outlook EM equity Large-cap Mid-cap Article

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.

By

event June 2024

9 min

Article

2025-06-30

Private portfolio companies Private equity ESG Private company management ESG insights for private companies Private investments Article

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.

Multiple authors

event June 2024

8 min

Article

2025-06-30

Private investing Private equity Outlook Private companies Late stage Venture capital Article

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.

Multiple authors

event June 2024

7 min

Article

2025-06-30

Income Total return Credit Fixed income Active management Client objective Article

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.

By

event June 2024

5 min

Article

2025-06-30

Hedge funds Outlook Market disruptions Tactical allocation Multi-asset Long-short Macro hedge funds Multi-strat hedge funds Article iStrat

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.

By

event June 2024

4 min

Article

2025-06-30

Economic cycle Interest rates Monetary policy iStrat Article Tactical allocation

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?

By

event June 2024

7 min

Article

2025-03-21

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

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.

By

Danielle Wei

event June 2024

4 min

Article

2025-06-30

Fixed income Macro and market Monetary policy Inflation Interest rates Credit Government bonds Investment grade Article

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.

By

Caroline Casavant

event June 2024

3 min

Article

2025-06-30

Artificial intelligence (AI) Disruption Machine learning Global Industry Research Equity Information technology Asia tech Automation Article Thematic exposure

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.

By

Brian Barbetta

event June 2024

4 min

Article

2025-04-30

Income Europe Economic cycle Credit Fixed income Inflation Article

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?

By

Derek Hynes

Will Prentis

event June 2024

8 min

Article

2025-06-30

Outlook Inflation Monetary policy USA Fixed income Fiscal policy Article

The revenge of the monetarists

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

By

event June 2024

5 min

Article

2025-06-30

Elections Inflation Outlook Interest rates Article Equity Fixed income Multi-asset

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.

By

event June 2024

8 min

Article

2025-06-30

Inflation Elections Outlook Fixed income program Macro Americas Fixed income Article

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.

By

event June 2024

5 min

Article

2025-03-31

Interest rates Monetary policy Outlook Economic cycle Fiscal policy Macro USA Japan Europe France Germany Italy United Kingdom Fixed income Macro hedge funds Credit Government bonds Investment grade Article

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.

By

event June 2024

4 min

Article

2025-06-30

Private investing Health care Venture capital Private investments Article

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.

By

Josh Sommerfeld

Jahon Rafian

event May 2024

14 min

Article

2025-05-23

Elections Asset allocation Growth India Equity EM equity Wellington on Washington and the World Article

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?

By

Niraj Bhagwat

Philip Brooks, CFA

event May 2024

6 min

Article

2025-06-30

Active management Total return Credit Income Fixed income Article

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.

By

event May 2024

5 min

Article

2025-05-31

Asset allocation Economic cycle Value vs growth iStrat program Equity Fundamental equity Article Tactical allocation iStrat

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.

By

Karoline Klimova

event May 2024

9 min

Article

2026-05-31

Credit Interest rates Asset allocation Fixed income Top of Mind Article Tactical allocation iStrat

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.

By

event May 2024

7 min

Article

2025-05-30

Active management Interest rates Credit Inflation Income Growth Tactical allocation Fixed income Article iStrat

New era demands a nimble approach to credit

Our expert explains why deep research and an active approach are effective ways for fixed income investors to uncover credit opportunities in today's market.

By

event May 2024

5 min

Article

2025-05-31

Multi-asset iStrat Tactical allocation Article Fixed income Interest rates Quarterly Asset Allocation Outlook

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.

By

event May 2024

5 min

Article

2025-05-30

Value vs growth Macro and market iStrat Small-cap Equity Top of Mind iStrat program Article Tactical allocation

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.

By

Nataliya Kofman

event May 2024

7 min

Article

2025-05-31

Asset allocation Macro and market Small-cap iStrat program Top of Mind Equity iStrat Article Tactical allocation

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.

By

Peter Carpi

event May 2024

8 min

Article

2024-12-31

Biotech Private companies Innovation Private investing Liquid alternatives & hedge funds Americas Private investments Article

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.

By

Irina Margine, PhD

event May 2024

10 min

Article

2025-04-30

Inflation Economic cycle Monetary policy Americas Interest rates Fixed income Article

Powell back to waiting on inflation data

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

By

event May 2024

2 min

Article

2025-05-31

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

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.

Multiple authors

event April 2024

6 min

Article

2025-04-30

Fixed income Sustainability Impact investing Fixed income program Impact Sustainable investing Global Impact Bond Article

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.

Multiple authors

event April 2024

4 min

Article

2025-04-30

Liquid alternatives & hedge funds Alternatives investing iStrat program Strategic allocation Multi-strat hedge funds iStrat Article

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.

Multiple authors

event April 2024

11 min

Article

2025-03-31

Economic cycle Interest rates Monetary policy Fixed income program Inflation Fiscal policy USA Credit Article Yielding insights

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.

By

event April 2024

6 min

Article

2025-04-30

Equity Small-cap Value vs growth Tactical allocation Growth Fundamental equity Article iStrat

4 equity themes: Budding opportunities in small caps and more

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

By

event April 2024

3 min

Article

2025-04-30

Japan Equity Monetary policy Macro Market commentary Asset allocation Education Article

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.

By

Toshiki Izumi, CFA, CMA

event April 2024

4 min

Article

2025-04-30

Manager selection Climate Sustainable investing iStrat program Strategic allocation Active management Equity Fixed income Multi-asset Liquid alternatives & hedge funds Article iStrat Tactical allocation

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.

Multiple authors

event April 2024

3 min

Article

2025-04-30

Geopolitics Elections Volatility Market disruptions Brand Article

Iran/Israel conflict: What can we expect?

Our expert examines the recent attacks, the threat of escalation, and the dynamics at play in the region.

By

event April 2024

3 min

Article

2024-10-31

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

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.

Multiple authors

event April 2024

11 min

Article

2025-04-30

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

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.

Multiple authors

event April 2024

11 min

Article

2025-04-30

Elections Geopolitics Fiscal policy Americas Article

Biden 2.0: National security and investment themes

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

By

event April 2024

5 min

Article

2025-04-30

Small-cap Equity Value vs growth Macro and market Article

A turning point for US small caps

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

Multiple authors

event April 2024

18 min

Article

2025-04-30

Insurance Asset allocation Macro and market Balance sheet iStrat Multi-asset Tactical allocation Quarterly Asset Allocation Outlook iStrat program Article

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.

By

event April 2024

17 min

Article

2025-04-30

Elections Interest rates Inflation Americas Article

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.

By

event April 2024

4 min

Article

2025-04-30

Macro and market Japan Fixed income Equity Macro Interest rates Article

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.

By

event April 2024

5 min

Article

2025-04-30

Multi-asset iStrat Tactical allocation Asset allocation Article Interest rates Economic cycle iStrat program Quarterly Asset Allocation Outlook

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.

Multiple authors

event April 2024

Article

2025-03-31

Artificial intelligence (AI) Early stage Consumer discretionary Private investments Private companies Private portfolio companies Americas Private investing Venture capital Article Liquid alternatives & hedge funds

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.

By

Sasha McKenzie

event March 2024

Article

2025-03-31

Liability-driven investing Equity Private pension (DB) iStrat Factor solutions Multi-asset Strategic allocation Factors iStrat program Article

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.

By

Tom Simon, CFA, FRM

event March 2024

Article

2025-03-31

Macro and market Europe Equity Macro Active management Fundamental equity Article

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.

By

event March 2024

Article

2025-03-31

Fixed income High yield Active management Global High Yield Macro Portfolio strategy Income Growth Article

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.

By

event March 2024

Article

2025-03-31

China Macro and market Equity iStrat EM equity Tactical allocation iStrat program Article

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.

Multiple authors

event March 2024

Article

2025-03-31

Elections Fiscal policy Geopolitics USA Equity Fixed income Article

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.

By

event March 2024

Article

2025-03-31

Active management Equity Large-cap Article

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?

By

Nataliya Kofman

event March 2024

Article

2025-03-08

Economic cycle Interest rates Monetary policy Fixed income program Inflation Fiscal policy USA Credit Article Yielding insights

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.

By

event March 2024

Article

2025-03-31

Diversification Fixed income Inflation Tactical allocation iStrat program Article iStrat

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.

Multiple authors

event March 2024

7 min

Article

2025-01-31

Growth Fixed income High yield Equity Tactical allocation iStrat program Article iStrat Macro and market

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.

Multiple authors

event March 2024

12 min

Article

2025-03-31

Income Fixed income Asset allocation iStrat program Inflation Value vs growth Economic cycle Monetary policy Tactical allocation Equity Multi-asset Article iStrat

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?

Multiple authors

event March 2024

5 min

Article

2025-03-31

wellington-flower-broken-plate-banner-hero

Macro and market Portfolio strategy Fixed income Macro Article

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.

By

event March 2024

5 min

Article

2025-01-31

Fixed income Credit Sustainability Sustainable investing Global trading Distribution Article

Evaluating labelled bonds: a robust framework is key

Fixed Income Portfolio Manager Campe Goodman and Investment Specialist Will Prentis explain why they believe a robust framework for analysing labelled, or sustainable, debt can help to generate real-world impact.

By

Will Prentis

event March 2024

Article

2024-07-31

Economic cycle Asset allocation High yield Fixed income Article

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?

By

event March 2024

Article

2025-03-31

Income Asset allocation Active management iStrat Multi-asset Inflation Article Tactical allocation

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?

By

John Mullins

event March 2024

Article

2025-02-23

Asset allocation Risk management Multi-asset Currency Strategic allocation iStrat program Article iStrat

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.

Multiple authors

event February 2024

Article

2026-02-28

Multi-Sector Credit Fixed income Macro Global Credit Plus Credit Total return Fiscal policy Government bonds Investment grade Fixed income program Americas Article

Too much focus on Fed, not enough on fiscal

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

By

event February 2024

Article

2025-02-07

Geopolitics Thematic exposure Innovation iStrat program Equity Emerging Market Development iStrat Article Elections

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?

Multiple authors

event February 2024

Article

2025-02-28

Macro and market Economic cycle Portfolio strategy Multi-asset Macro Market commentary Thematic exposure Outlook Article

Trends and transformation distilled: Our 2024 outlook in brief

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

Multiple authors

event February 2024

Article

2025-02-28

Outlook Venture capital Private equity Liquid alternatives & hedge funds Growth Private companies Private investments Article

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.

By

Michael Carmen, CFA

event February 2024

Article

2025-01-31

Macro and market Multi-asset iStrat Top of Mind iStrat program Article Public pension (DB) Tactical allocation

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.

By

event January 2024

Article

2025-01-31

Outlook Multi-asset iStrat Emerging Market Development Multi-Asset solutions Factor solutions Tactical allocation Strategic allocation Manager selection Thematic exposure Article

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

Multiple authors

event January 2024

Article

2024-12-31

Outlook Multi-asset iStrat Tactical allocation Manager selection iStrat program Brand Article

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?

By

event January 2024

Article

2025-01-31

Germany Macro and market Fixed income Macro Fiscal policy Article

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.

By

event January 2024

Article

2025-01-31

Monetary policy Economic cycle Tactical allocation Inflation Multi-asset Article iStrat program iStrat

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.

Multiple authors

event January 2024

Article

2026-01-31

Venture capital Private equity Private investing Liquid alternatives & hedge funds ESG Private company management Private portfolio companies ESG insights for private companies Private investments Article

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.

Multiple authors

event December 2023

Article

2024-12-31

Outlook Fundamental equity EM equity Large-cap Small-cap Equity USA APAC China United Kingdom Emerging markets Growth Asset allocation Volatility Interest rates Economic cycle Article

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.

By

event December 2023

Article

2024-12-31

Innovation Thematic exposure Equity Disruption Emerging markets Thematic solutions Emerging Market Development Thematic qualifer Discretionary Article

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.

By

Simon Henry, CFA

Dáire Dunne, CFA

event December 2023

Article

2024-12-15

Macro and market Multi-asset iStrat Equity Fixed income Risk management Top of Mind iStrat program Article Tactical allocation

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.

By

event December 2023

Article

2024-12-31

Inflation Total return Economic cycle Commodities Materials Energy Outlook Article

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.

By

Nick Petrucelli

event December 2023

Article

2024-12-11

Outlook Sustainability Volatility Impact investing Innovation Climate Market Neutral Climate Strategy Article

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,

Multiple authors

event December 2023

Article

2024-12-31

Asset allocation Emerging markets Equity iStrat EM equity China Strategic allocation Article

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.

By

event November 2023

Article

2025-11-30

China Fixed income EM debt Distribution Macro and market Market commentary China Currents Article

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

Hear from our experts as they uncover new fixed income opportunities in China.

Multiple authors

event November 2023

Article

2024-11-28

China Economic cycle Real estate China Focus Equity Multi-asset Macro Market commentary Outlook Article China Currents

Getting Real: China looks beyond real estate for economic success

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

By

Johnny Yu, CFA

Han Sia Yeo

event November 2023

Article

2024-11-27

Volatility Credit Economic cycle Opportunistic Fixed Income Fixed income Americas Fixed income program Article

Have the Fed’s recent comments just provided a tailwind for agency MBS?

Fixed Income Portfolio Manager Brij Khurana explains why the market may be missing an important nuance in the Fed's focus on financial conditions.

By

event November 2023

Article

2024-11-21

Climate Climate tech Portfolio strategy Portfolio construction Sustainable investing Article

Climate mapping in action: Investment case studies

We describe our Climate Exposure Risk Application (CERA), which can help our investment teams visualize and quantify physical climate risks.

By

Victoria Landaeta

event November 2023

Article

2024-11-30

Biotech Global Industry Research Health care Equity Article

Novel therapies changing the course of health care

Several new drug classes represent a growing investment opportunity set that could reshape the health care sector.

By

Blake Tye

event October 2023

Article

2024-10-31

Early stage Venture capital Private equity Liquid alternatives & hedge funds Private portfolio companies DEI Private investments Article Press release

Supporting the next generation of entrepreneurs

We highlight how Wellington Access Ventures, our early-stage VC platform, partners with historically underrepresented founders and offers the capital, resources, and networks that these companies have historically lacked.

Multiple authors

event October 2023

Article

2024-10-24

Equity Income Portfolio strategy Active management Article

Could being boring pay dividends for equity income investing?

Can being boring be a good thing? Our expert explains why he believes for equity income investors, it can be.

By

Andre Desautels

event October 2023

Article

2024-09-29

Sustainability Biodiversity Climate Public pension (DB) Private pension (DB) Distribution Multi Single Balance sheet Discretionary Union (Taft Hartley) Climate Market Neutral Climate Strategy Sustainable investing Article

Why sustainable food systems matter to investors

Our climate research expert explores insights from our joint work with Woodwell Climate Research Center on the pivotal relationship between food systems and biodiversity and highlights potential investment opportunities.

By

event October 2023

Article

2024-09-30

Private equity Private portfolio companies Climate Private investments ESG insights for private companies ESG Sustainable investing Article

Why climate change matters in private markets

We explore why climate change matters in private markets, highlight the current regulatory landscape, and profile key questions to expect from public market investors.

Multiple authors

event October 2023

Article

2024-10-31

Long-short Europe Volatility Liquid alternatives & hedge funds Market disruptions Interest rates Inflation Alternatives investing Article

Long/short investing in European equities' growing dispersion

We explore how growing dispersion in European equity markets is driving opportunities for long/short investors, fueled by structurally higher inflation, changing market leadership, and a renewed focus on valuation.

By

Dirk Enderlein, CFA

event September 2023

Article

2024-09-30

Income Volatility Multi-asset Asia advised retail Asia Diversification Article

Three themes (and what they mean) for income investors

With several macro crosscurrents at play, Portfolio Manager Peter Wilke suggests that income-oriented investors not lose sight of the “big picture” in their quest for yield.

Multiple authors

event September 2023

Article

2024-09-15

Macro and market Geopolitics Germany Macro Article

Why the change of direction in Germany warrants close attention

Macro Strategist Nicolas Wylenzek assesses the shifts underway in Germany and Europe more broadly, including the recent surge in the far right's popularity and the challenges associated with the energy transition.

By

event September 2023

Article

2024-09-12

Large-cap Interest rates Stewardship Sustainable investing Equity Fundamental equity Article

Building resilience: Key questions equity investors need to ask today

Yolanda Courtines explores how equity investors can re-assess the resilience of their core portfolio against higher interest rates and more adverse macro conditions.

By

Yolanda Courtines, CFA

event August 2023

Article

2024-08-23

Artificial intelligence (AI) Machine learning Innovation Brand WELLSaid Podcast Disruption Geopolitics Information technology Equity Global Industry Research Article

Generative AI: Separating hype from opportunity

Two of Wellington's tech experts join host Thomas Mucha to discuss the rapidly evolving AI landscape and separate hype from reality, highlighting everything from the industries most likely to be impacted to AI's geopolitical implications.

Multiple authors

event August 2023

Article

2024-08-21

Multi-asset Volatility iStrat Risk management Tactical allocation Asset allocation Article Economic cycle Insurance Asset Allocation Outlook Balance sheet Insurance

Core fixed income: Stop me if you’ve heard this one before

Head of Multi-Asset Strategy – Insurance and Portfolio Manager Tim Antonelli updates insurers on the status of the market today, shares what he believes they can expect for the rest of the year, and identifies areas that may be worth a closer look.

By

event July 2023

Article

2024-07-31

Inflation Fiscal policy Automation Article USA

The great American labor shortage: Causes, consequences, and solutions

Shifting demographics suggest that US labor markets will remain tight in years to come, with major implications for income inequality, investment spending, and government policy.

By

event July 2023

Article

2024-07-31

Biotech Private equity Private companies Private investments Innovation Article

Biotech for the next decade: Private market innovations

We explore our latest research in private biotech innovation across immunomodulatory therapies, precision oncology, antibody drug conjugates, radiopharmaceuticals, genetic medicines, and a range of other novel treatment modalities.

Multiple authors

event July 2023

Article

2024-07-14

Outlook Portfolio strategy Equity iStrat Emerging Market Development Multi-asset Macro and market Article Thematic exposure Tactical allocation

How a thematic approach can help harness change within portfolios

Multi-Asset Strategist Supriya Menon and Investment Director Andrew Sharp-Paul discuss why a thematic approach can help harness change within portfolios against a structurally different macroeconomic backdrop.

By

Andrew Sharp-Paul

event July 2023

Article

2024-07-31

Outlook Portfolio construction iStrat Multi-asset Portfolio strategy Article Tactical allocation

How to weather the storm: A roadmap for more resilient portfolios

As we face a new era of elevated market and cycle volatility, Co-Head of Investment Strategy Natasha Brook-Walters assesses how asset owners can ensure that their portfolios are up for the challenge.

By

event July 2023

Article

2024-07-31

Multi-asset iStrat Tactical allocation Asset allocation Article Macro and market Outlook Quarterly Asset Allocation Outlook

Multi-Asset Outlook: A recession is looming…or is it?

The economy has largely shrugged off the banking crisis and other concerns this year, while riding positive sentiment driven by AI enthusiasm and a possible soft landing. Members of our Investment Strategy team offer their macro and market outlook for the second half of the year, including their latest views on equities, bonds, and commodities.

Multiple authors

event July 2023

Article

2024-07-31

Thematic exposure Artificial intelligence (AI) Machine learning iStrat Equity Innovation Article Thematic solutions

Thematic investing focus: Cloud-backed AI and enterprise intelligence

Cloud-based computing and artificial intelligence are transforming the way enterprises operate, creating what we believe will be a secular tailwind for companies providing software, machine learning tools, and cybersecurity.

By

Jeff Wantman

Aaron Koh

event July 2023

Article

2024-07-03

Outlook Equity Europe Fundamental equity Quant equity Macro and market Value vs growth Article

European equities: cyclically challenged but structurally supported

Macro Strategist Nicolas Wylenzek discusses why, despite cyclical challenges, European equities may be in the best structural position that they have been in for years.

By

event June 2023

Article

2024-06-30

Outlook Equity Volatility Macro and market Inflation Economic cycle Interest rates Article

New market regime, a new environment for global equities?

Global Equity Strategist Andrew Heiskell characterizes the new market regime, makes a case for shelving the old investment playbook, and shares potential investment implications for equity markets.

By

event June 2023

Article

2024-06-30

Liability-driven investing Portfolio construction Multi-asset iStrat Private pension (DB) Article Strategic allocation Liquid alternatives & hedge funds

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.

By

event June 2023

Article

2025-06-30

Climate Macro and market iStrat Multi-asset Strategic allocation Liquid alternatives & hedge funds Tactical allocation Article

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.

Multiple authors

event June 2023

Article

2025-06-30

Outlook Private equity Private companies Volatility Private investments Article

The state of venture capital markets

Co-head of private investments Michael Carmen shares his outlook for venture capital markets, including the state of deal flow, valuations, and the IPO market.

By

Michael Carmen, CFA

event June 2023

Article

2024-06-30

Outlook Liquid alternatives & hedge funds Hedge funds Private credit Alternatives investing Article Tactical allocation Multi-Asset solutions iStrat

Focus on what you can control: Five alternative investment ideas for an uncertain world

Multi-Asset Strategists Nick Samouilhan and Adam Berger explain how a variety of alternative investments, including select hedge funds and private credit, could help allocators reduce the importance of the economic cycle to their portfolio results.

By

Elisabeth Perenick, FSA, CFA

event June 2023

Article

2024-06-30

Outlook Private equity Bank liquidity Volatility Interest rates Inflation Private investments Article

Private credit in a new regime

We explore how a shifting macro backdrop, ongoing banking crisis, and evolving competitive dynamics may create opportunities across private credit markets.

By

Emeka Onukwugha, CFA

event June 2023

Article

2024-06-30

Outlook Inflation Bank liquidity USA Monetary policy Growth Article

Inflation loosens its grip, but bank turmoil could put the squeeze on US growth

US Macro Strategist Juhi Dhawan weighs the benefits of disinflation for consumers and companies against the risks of a credit crunch brought on by the recent bank crisis.

By

event June 2023

Article

2024-06-30

Outlook High yield Bank liquidity Fixed income Volatility Economic cycle Inflation Interest rates Monetary policy Brand Article

Global high yield: Attractive entry points could soon emerge

Fixed Income Portfolio Manager Konstantin Leidman shares his outlook for high-yield fixed income for the rest of this year and beyond.

By

event June 2023

Article

2024-06-30

Volatility Inflation Credit Article Interest rates Fixed income Income Outlook Bank liquidity

Credit market outlook: Expect greater opportunities in back half of 2023

Against a backdrop of elevated recession risks and banking-sector stress, Fixed Income Portfolio Manager Rob Burn identifies relative-value sector opportunities in the credit market.

By

Rob Burn, CFA

event June 2023

Article

2024-06-30

Outlook Europe Macro and market Economic cycle Monetary policy Article

Europe/US divergence: the ECB has further to go

How far will Europe diverge from the US? Macro Strategist Eoin O’Callaghan sees several reasons sustaining this growing divergence.

By

event June 2023

Article

2024-06-30

Outlook Credit Volatility Fixed income Interest rates Inflation Geopolitics Article

Fixed income 2023: Will opportunity keep knocking in the second half?

Learn where Fixed Income Strategist Amar Reganti sees opportunities in the fixed income market today and dive deeper into the three key themes he thinks investors should consider going forward.

By

event June 2023

Article

2024-06-30

Outlook Inflation Interest rates Fixed income Americas Monetary policy Fiscal policy Economic cycle Article

The “money illusion” economy: Misplaced faith in markets?

Fixed Income Portfolio Manager Brij Khurana shares a skeptical view of US Federal Reserve policy, his assessment of the current market backdrop, and his view of what the future could hold.

By

event June 2023

Article

2024-06-30

Impact Impact investing Government bonds Fixed income Sustainable investing Article

Blue bonds: long-awaited innovation or yet to make a splash?

Blue bonds – which aim to support projects related to ocean conservation – are on the rise. How effective are they and what do investors need to know before they invest?

By

Will Prentis

event May 2023

Article

2024-05-31

Private companies Private equity ESG Private portfolio companies Private company management ESG insights for private companies Private investments Article

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.

Multiple authors

event May 2023

Article

2025-07-31

Unique Perspectives Climate Carbon emissions Sustainable investing Brand Net zero APAC Article

Will emerging Asia leapfrog the energy transition?

Decarbonizing while maintaining economic growth presents tremendous challenges for developing countries in Asia. Is technological innovation the solution?

Multiple authors

event May 2023

Article

2024-05-11

Biotech Private equity Fundamental equity Private companies Regulatory Private investments Article

Private biotech: Innovation amid disruption

We explore the state of the private biotech market, highlight key areas of innovation, and share three themes we expect to continue.

Multiple authors

event April 2023

Article

2024-04-03

Multi-asset Climate Inflation Liquid alternatives & hedge funds iStrat Strategic allocation Article Sustainable investing

Integrating climate change into capital market assumptions: our approach and findings

Members of our Investment Strategy team explain how they are incorporating climate-related inputs, including physical and transition risks, into their capital market assumptions and outline the impact of these changes at the asset-class level.

Multiple authors

event April 2023

Article

2024-04-03

Unique Perspectives Sustainability Stewardship ESG Business practices Brand Article

The value in valuing employees

Companies able to adapt and respond to challenges in the labor market will find themselves well positioned for the future, say Equity Portfolio Managers Yolanda Courtines and Mark Mandel.

By

Yolanda Courtines, CFA

Mark Mandel, CFA

event March 2023

Article

2024-03-27

corporate-landscape-european-industry-frankfrut-cityscape

Fixed income Active management ESG Investment grade Macro and market Article

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.

By

Derek Hynes

Jillian Rooney

event February 2023

Article

2024-02-29

Fintech ESG Private equity Global Industry Research Digital payments Alternatives investing Private investments Article Private portfolio companies

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.

Multiple authors

event January 2023

Article

2024-01-31

Small-cap Value vs growth Asset allocation Public pension (DB) Private pension (DB) Defined contribution (DC) Equity Article Endowments & foundations

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.

Multiple authors

event January 2023

Article

2024-01-31

Outlook Macro and market Economic cycle Equity Fixed income Liquid alternatives & hedge funds Inflation Monetary policy Geopolitics Innovation Article Sustainability

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.

event January 2023

Article

2023-12-31

china economy poised to exceed expectations in 2023

EM equity Outlook China Geopolitics Asset allocation Equity Article

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.

By

Bo Meunier, CFA

event December 2022

Article

2023-12-31

Health care Biotech Innovation Brand Economic cycle Equity Global Industry Research Article Outlook

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.

Multiple authors

event December 2022

Article

2023-12-31

China Economic cycle Macro and market Brand Outlook No Optimizely COVID Geopolitics Inflation Fiscal policy Real estate Article

China’s economy: Poised to exceed expectations in 2023

With the bar set so low for China's economy, Macro Strategist Santiago Millan thinks it won't take much for an upside surprise in 2023.

By

event December 2022

Article

2023-12-31

Europe Inflation Economic cycle Outlook No Optimizely Monetary policy Interest rates Fiscal policy Multi-asset Article

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.

By

event December 2022

Article

2023-12-31

Sustainability ESG Climate Sustainable investing Outlook No Optimizely Impact Stewardship Biodiversity Article

Focusing on value amid rising global challenges and opportunities

Our Sustainable Investing (SI) Research Team offers a high-level view of 2023 research and engagement priorities.

By

Wendy Cromwell, CFA

event December 2022

Article

2023-12-31

deforestation healthy forest palm rubber trees

Biodiversity Sustainability Risk management Sustainable investing Climate Stewardship Article

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.

By

Carolina San Martin, CFA

Sean Caplice, CFA

event November 2022

Article

2023-12-31

Biodiversity Climate Stewardship Sustainability policies EMEA Article Sustainable investing

Biodiversity: Why investors should take note

With scientists now broadly agreeing on the risks posed by accelerating biodiversity loss, Chris Goolgasian and Jenny Xie assess implications for investors and steps they can take.

By

Jenny Xie

event November 2022

Article

2023-12-31

geopolitical-outlook-2023-structural-policies

Geopolitics Inflation Elections Outlook No Optimizely Interest rates Article

Geopolitical outlook: Shifting policies, structural advantages?

Geopolitical Strategist Thomas Mucha and Macro Strategist Santiago Millán look at five geopolitical themes they believe investors should watch in 2023.

By

event November 2022

Article

2023-12-31

Inflation Economic cycle Macro and market Outlook No Optimizely Fiscal policy Interest rates Monetary policy Geopolitics USA Consumer Article

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.

By

event November 2022

Article

2023-12-31

Liquid alternatives & hedge funds Sustainability Innovation Alternatives investing Private equity Distribution Single Disruption Endowments & foundations Article

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.

By

Scott Geary

event November 2022

Article

2023-09-30

Emerging markets EM equity Economic cycle Outlook No Optimizely Monetary policy Equity Article

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.

By

Jamie Rice, CFA

event November 2022

Article

2023-12-31

Emerging markets EM debt Monetary policy No Optimizely Inflation Interest rates Volatility Fixed income Outlook Article

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.

By

Gillian Edgeworth

event November 2022

Article

2023-12-31

High yield Credit Monetary policy Brand Outlook No Optimizely Income Volatility Fixed income Article

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.

By

event November 2022

Article

2023-12-31

Equity Health care Digital transformation Brand Outlook Active management Macro and market ESG Climate Information technology Fundamental equity Global Industry Research Article No Optimizely

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.

By

Mary Pryshlak, CFA

Tim Manning

event October 2022

Article

2023-12-31

Credit High yield EM debt Outlook Income Risk management Active management Portfolio strategy Economic cycle Fixed income Article No Optimizely

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.

By

Rob Burn, CFA

event October 2022

Article

2023-12-31

Volatility Inflation United Kingdom Defined contribution (DC) Distribution Public pension (DB) Private pension (DB) Article

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.

By

event October 2022

Article

2022-12-30

Volatility Fiscal policy Monetary policy Currency Interest rates Economic cycle United Kingdom Article

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.

By

event September 2022

Article

2022-12-31

monthly-market-snapshot-june-2017-1500x410

Equity Fixed income Commodities Monthly Market Review Macro and market Article

Monthly Market Snapshot: August 2022

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

By

event September 2022

Article

2022-11-15

Thematic exposure Equity Active management Article

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.

By

Brian Garvey

Manny Hunjan

event September 2022

Article

2023-09-20

Climate Energy Materials Sustainable investing Macro and market Sustainability policies China Equity EM equity Article

A lesson in climate resilience: Why China’s recent heat wave wasn’t worse

See why Hong Kong-based Macro Strategist Santiago Millán believes China's investments in climate resilience can be a lesson for the rest of the world.

By

event September 2022

Article

2023-09-30

Defined contribution (DC) Business practices Education USA Retirement Article

Why collective investment trusts are gaining traction within DC plans

Growing interest in CITs within the DC space is being driven by lower fees and other benefits — a trend our DC team expects to continue.

Multiple authors

event August 2022

Article

2023-08-31

Fintech Digital transformation Disruption Liquid alternatives & hedge funds Financials Article

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.

By

Matt Lipton, CFA

event August 2022

Article

2023-08-31

Sustainability policies Carbon emissions Corporate social responsibility Business practices Sustainable investing Energy Climate Article

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.

Multiple authors

event August 2022

Article

2023-08-31

Canada Sustainability Climate Sustainable investing Impact investing Article

A Canadian investor’s guide to navigating climate change

Director of Climate Research Chris Goolgasian and Alan Matijas, director of Client Group in Canada, provide relevant climate-related research and insights for Canadian investors.

By

Alan Matijas, CFA

event August 2022

Article

2023-08-31

a shiftting macro landscape qe china and europe

China Monetary policy Geopolitics Alternatives investing Volatility Economic cycle Americas APAC EMEA Article

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.

By

Mark Sullivan, CFA, CMT

event August 2022

Article

2023-08-31

Equity Fixed income Commodities Monthly Market Review Macro and market Article

Monthly Market Snapshot: July 2022

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

By

event August 2022

Article

2022-10-15

Emerging markets EM debt Credit Interest rates Currency Inflation Monetary policy Article

Emerging local debt markets: Time to wade in?

Fixed Income Portfolio Manager Michael Henry sees positive trends across ELD fundamentals, valuations, and technicals that could be tailwinds for these markets going forward.

By

Michael Henry

event August 2022

Article

2023-08-31

ESG insights for private companies Private portfolio companies Business practices ESG Alternatives investing DEI Sustainability policies Liquid alternatives & hedge funds Private equity Sustainable investing Article

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.

Multiple authors

event August 2022

Article

2023-07-31

Inflation Europe Monetary policy Volatility Fiscal policy EMEA Article

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.

By

event July 2022

Article

2023-07-05

Equity Fixed income Commodities Macro and market Article

Financial Market Review: Second quarter 2022

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

By

event July 2022

Article

2023-01-15

Equity Fixed income Commodities Macro and market Article

Monthly Market Snapshot: June 2022

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

By

event July 2022

Article

2022-09-15

Sustainability ESG Sustainable investing Impact Climate Net zero Stewardship Carbon emissions Sustainability policies Business practices Article

Mid-2022 ESG & Sustainability Outlook

Our Mid-2022 Sustainability Outlook provides an update on our sustainability efforts, expansion of research into the economic impacts of climate change, ESG integration and stewardship, and impact platform.

Multiple authors

event July 2022

Article

2022-12-31

Inflation Monetary policy Interest rates USA Article

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.

By

event July 2022

Article

2023-07-31

Outlook Liquid alternatives & hedge funds Hedge funds Alternatives investing Asset allocation Manager selection Portfolio construction Volatility Fixed income Private equity Article

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.

Multiple authors

event July 2022

Article

2023-08-31

Outlook Fixed income Equity Factors Multi-manager solutions Large-cap Inflation Value vs growth Monetary policy Volatility Manager selection Article

Mid-2022 Asset Class Outlook

We offer perspectives on growth and value equities and explore ideas for shoring up your fixed income flank amid the evolving economic and market environment.

Multiple authors

event June 2022

Article

2023-07-31

Outlook Inflation Volatility Economic cycle Liquid alternatives & hedge funds Equity Multi-asset Article

Mid-2022 Global Economic Outlook

We believe heightened geopolitical uncertainty, and the new macro environment of deglobalization, higher inflation, greater global cyclicality and volatility will disrupt and drive markets.

Multiple authors

event June 2022

Article

2023-07-31

Multi-asset Macro and market Article

Monthly Market Snapshot: May 2022

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

By

event June 2022

Article

2022-08-15

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

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.

Multiple authors

event June 2022

Article

2023-06-30

Volatility Fixed income Equity Geopolitics Commodities Article

Monthly Market Snapshot: April 2022

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

By

event May 2022

Article

2022-07-15

Multi-asset Liquid alternatives & hedge funds iStrat Strategic allocation Retirement Article Defined contribution (DC) Income

Demystifying decumulation: A practical guide

Investors seeking a sound decumulation strategy must consider a host of variables, including risks that weren't on the radar when they were accumulating assets.

Multiple authors

event May 2022

Article

2023-04-30

Equity Fixed income Volatility Geopolitics Commodities Article

Financial Market Review: First quarter 2022

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

By

event April 2022

Article

2022-10-15

Equity Fixed income Volatility Geopolitics Commodities Article

Monthly Market Snapshot: March 2022

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

By

event April 2022

Article

2022-06-15

Liquid alternatives & hedge funds Hedge funds Private equity Article

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.

By

Cara Lafond, CFA

event April 2022

Article

2023-05-31

China Russia Geopolitics Volatility Multi-asset Article

What does the Ukraine invasion mean for China?

Macro Strategist Santiago Millán argues that the scale and breadth of the sanctions on Russia have increased the uncertainty of investing in China across multiple dimensions. He explores the continued decoupling of China and the West.

By

event March 2022

Article

2022-06-30

China Russia Inflation Volatility Geopolitics Multi-asset Article

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.

By

Greg Mattiko, CFA

event March 2022

Article

2023-03-31

Russia Geopolitics Multi-asset Inflation Volatility Article

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.

By

Gillian Edgeworth

event March 2022

Article

2023-03-31

Macro and market Multi-asset Equity Europe Article

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.

By

Owen Lamont, PhD

event March 2022

Article

2023-03-31

USA Inflation Article Equity Fixed income Geopolitics COVID Private equity China

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.

By

event March 2022

Article

2023-02-28

insight-russias-invasion-of-ukraine-105675781-1500x410

Geopolitics Russia Europe Fiscal policy Monetary policy Energy Article

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.

By

event March 2022

Article

2023-03-31

Russia Commodities Geopolitics Article

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.

By

Trevor Noren

event March 2022

Article

2023-03-31

Inflation Value vs growth Defined contribution (DC) Fixed income Equity Retirement USA Article

DC plans: Three timely themes that probably aren’t going away anytime soon

Our DC plan specialists highlight three big-picture investment themes that are not only top of mind for many plan participants in today’s environment, but are also likely to have staying power in the months ahead.

By

Kristin O’Donnell, CFA

Ryan Mullaney

event March 2022

Article

2023-03-31

Geopolitics Russia Multi-asset Article

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.

By

event March 2022

Article

2023-03-31

future-themes-systems-951037310-1500x410

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

Evaluating cryptocurrencies as an asset class

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

By

Alexandre Chau

Ranjit Ramachandran, CFA

event February 2022

Article

2023-02-28

1031043360-ukraine-russia-flags-cracked-wall-1024x733

Russia Geopolitics Article

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.

By

event February 2022

Article

2023-02-28

istrat-factor-based-solutions-allocators-seeking-diversified-1308858111-1550x450

Factors Fixed income Asset allocation Portfolio construction Article

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.

By

Brendan Fludder, CFA

Noah Comen, CFA

event February 2022

Article

2023-02-28

Multi-asset Geopolitics Article

Monthly Market Snapshot: January 2022

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

By

Greg Galajda

event February 2022

Article

2022-07-15

Climate Risk management Sustainability Multi-asset Sustainable investing Article

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.

By

Erika Murphy, CFA, CAIA

event February 2022

Article

2023-02-28

Macro and market Multi-asset Article

Financial Market Review: Fourth quarter 2021

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

By

Greg Galajda

event January 2022

Article

2022-07-15

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

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.

By

Keith White

Kinga Darida, CFA

event January 2022

Article

2022-12-31

Multi-asset Macro and market Article

Monthly Market Snapshot: December 2021

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

By