The banking sector, AI opportunities, private markets’ performance…
Throughout this week and the next, we will publish a four-part series that includes a selection of 2024’s most interesting, high quality, and unique insights into markets and economies. We curate and upload thousands of publications a year, so sadly not everything great will be featured.
From H1 2024
The Low-Vol Factor and Occam’s Razor (CFA Institute Research & Policy Center)
Why should allocators pay more attention to the low-volatility factor? This article aims to answer this question with plenty of data.
Growing Investment Opportunities Amid Bank Deleveraging Trend (M&G Investments)
For compliance reasons, this paper is only accessible in certain geographies
Europe is a large, fragmented and overbanked marketplace which is 2.5x the size of the U.S. banking system.
Investing in AI: Everything, Everywhere, and All at Once (Robeco)
In the 1960s, Stanford University professor Roy Amara noted that “we overestimate the impact of technology in the short term and underestimate the effect in the long run.”
European Banking Credit: Financially Sound? (LGIM)
For compliance reasons, this paper is NOT accessible in the United States and Canada
No investor can study the credit universe without paying close attention to the financial sector—and more specifically—banks.
AI: From Imagination to Investment (New York Life Investments)
Much of the research on AI today has focused on the top of the S-curve: the new steady state for economic growth.
From H2 2024
2023 Performance of Private Markets Benchmarks Overview (S&P Dow Jones Indices)
The “golden age” of private credit continued in 2023, with global and U.S.-focused private credit funds showing consistent, positive performance in each quarter and for the year.
Gen X: The Economy’s Struggling Middle Child? (Bank of America Institute)
While the “great wealth transfer” could be a much-needed boost in the future, the current financial pressures may continue to dampen discretionary spending for now.
The $2 Trillion Opportunity: How Gen Z is Shaping the New India (BCG)
As the largest generation to date, Generation Z is reshaping the consumer landscape in ways that demand investors’ attention.
Historical Equity Performance During Rate Cuts (Northern Trust Asset Management)
Given rate cut cycles typically commence to stimulate economic activity in a slowing economy, investors may be cautious about stock returns during this timeframe.
Eye-Popping Valuations, Growing PAIns and the Itch to Regulate (Deutsche Bank)
ChatGPT maker OpenAI completed a deal yesterday to raise $6.6bn from investors, including Thrive Capital and partner Microsoft, at a valuation of $157bn.