Insights from global CIOs on global markets
The final month of 2024 brought a number of highly engaging research pieces across our desks, each offering pragmatic insights for CIOs all over the world.
For CIOs
Mitigating Risk with Sovereign ESG Bonds (BNP Paribas AM)
Governments are issuing more and more green bonds: 35 sovereigns issued green bonds in 2023; 17 were developed countries and 18 emerging markets.
Bond Investors: Ready for a U.S. Industrial Revolution? (Wellington Management)
Current structural growth momentum coincides with still extraordinarily loose fiscal policy and growing public debt levels across much of the developed world.
Focus on Carry and Selection Opportunities (MacKay Shields)
With inflationary pressures easing, the fixed income market has seen a shift in investor sentiment, with risk appetites reinvigorated by loosening monetary policy.
Why Active Management in 2025 and beyond (MFS)
For compliance reasons, this paper is only accessible in certain geographies
Index concentration doesn’t end because passive flows reverse. Any change in stock market concentration, is in fact, a symptom. The cause is a change in profit expectations.
Opportunities and Watchpoints: A Deep Dive into Global Credit (Mawer IM)
An actively managed, absolute return credit strategy offers diversification, income, and potential capital appreciation.
2025 Wealth Outlook (Citi Wealth)
With the global economy potentially set for further upside, portfolios should be positioned for potential growth but prepared for the risks of a discordant world.
From CIOs
The Ricardian Vice (Rockefeller Global Family Office)
CIO Jimmy Chang analyzes the pros and cons of tariffs and a national industrial policy, offering a splendid historical perspective on these matters.
The History of U.S. Dollar Cycles (Crescat Capital)
The cyclical nature of the U.S. dollar often aligns with broad secular shifts in global asset markets. Historical episodes illustrate this dynamic.
2025 Year Ahead: The Advancement Of The Asset-Light Era (Merrill)
Chris Hyzy, CIO for Merrill and Bank of America Private Bank, discusses what 2025 may have in store for allocators across the world.
Will Artificial Intelligence Replace the Investment Professional? (CAIA blog)
Dave Morehead, CIO of Baylor University, explores emerging technologies and their influence on the investment industry.