Explore quality and timely perspectives from global institutions

Here are some of the highest quality pieces of insight from top asset managers and institutions from around the world that you might have missed this week.

QT or Not QT? (MetLife IM)

The Federal Reserve’s balance sheet is too large relative to pre-COVID levels and still needs to see a significant reduction in size to limit the scale of excess liquidity.

Deep Waves: The Paradoxical Trinity of Defense (Franklin Templeton)

For compliance reasons, this paper is only accessible in the EMEA region

This paper sets out the investment case for the defense sector and addresses the dilemma asset owners and investors committed to exacting ESG standards face.

Don’t Let Recency Bias Get in the Way of Good Ideas (Wellington Management)

In recent years, the insurer’s “risk mosaic” has included recessionary fears, geopolitical shocks, and the impact of higher-for-longer inflation.

Digging into China’s New Economic Stimulus Package (World Gold Council)

For compliance reasons, this paper is only accessible in certain geographies

China’s recent slowdown in economic growth might be due to a declining real estate, local government debt, and suppressed private industry.

Breakeven Returns for Delayed Social Security Claiming (PGIM DC Solutions)

For compliance reasons, this paper is only accessible in the United States

There are a variety of approaches used to help retirees determine when to optimally claim Social Security retirement benefits.

Climatescope 2024: Emerging Markets Power Factbook (BloombergNEF)

Climatescope is an annual online market assessment tool, report and index that evaluates individual markets’ relative readiness to put energy transition investment to work.

Which Economies Are Ready for AI? (BCG)

Views vary on how much AI is changing the world today, but one thing is clear: the technology is on course to shape the future of economic development.

All Eyes on Assets in Life Insurance (Milliman)

As the life insurance sector increasingly incorporates complex investments, regulatory frameworks are undergoing significant transformations to keep pace with the changes.

Hidden Liquidity Puzzle: Bond ETFs vs. Equity ETFs (University of Mississippi)

ETFs represent over 10% of the market capitalization of securities traded on U.S. exchanges, accounting for more than 30% of the overall daily trading volume.

The State of European Tech 2024 (Atomico)

At a conservative estimate, ten years from now Europe should be an $8 trillion ecosystem, with a 300% larger job market of 20 million people, and capital unlocked for scale.