Explore the key macro dynamics unfolding in 2025
In just over two weeks of serving his second term, President Trump has created dramatic and potentially lasting impacts on markets and economies across the world. But U.S. politics isn’t the only theme that demands investor attention, as the collection of insight below shows.
For CIOs
Building a High Velocity Back Office: Strategic Consolidation (State Street)
Back office consolidation has been underway for a number of years. However, there are many processes that still need improvement.
Alpha Opportunities beyond the Macro Volatility (PGIM)
This collection of content presents some of PGIM’s best ideas for 2025. A must-read for CIOs across the world.
Global Value Team Annual Letter (First Eagle Investments)
For compliance reasons, this paper is only accessible in certain geographies
In the past, signs of strain in the Chinese economy were typically viewed as bad news for global activity broadly, and risk assets responded accordingly.
The Rebalancing Edge: Optimizing Target-Date Fund Rebalancing (Vanguard)
For compliance reasons, this paper is only accessible in the United States
Target-date funds are professionally managed multi-asset portfolios designed to have a suitable amount of growth assets and defensive assets for investors saving for retirement.
5 Keys to Investing in 2025 (Capital Group)
For compliance reasons, this paper is only accessible in certain geographies
Imagine going back in time to New Year’s Day 2020 and learning in advance about the biggest events over the next five years.
From CIOs
On Bubble Watch (Oaktree)
In this century’s first decade, investors had the opportunity to participate in—and lose money—thanks to a pair of spectacular bubbles.
Connecting the Dots: CIO 2025 Outlook (M&G Investments)
For compliance reasons, this paper is only accessible in certain geographies
Join M&G Investments’ CIOs for their outlook amid a number of macroeconomic effects at play. What will 2025 hold for investors?
Liquidity Reversing (Myrmikan Capital)
The problem for the gold miners is that risk capital has been shunted into bubble trades. However, this is a sector worth studying.