Discover what the future might hold
Few investors at the end of 2024 could have foreseen how volatile the first half of 2025 proved to be. And as allocators look across the next six months, uncertainty continues to be the biggest challenge to stability and growth. This collection of thought leadership aims to bring some clarity to this murky environment.
Secular Outlook: The Fragmentation Era (PIMCO)
Looking back at the first half of 2025, the traditional world order – in which economics shaped politics – has been turned on its head. What’s next for markets?
Leveraged Credit: 2025 Midyear Review & Outlook (Polen Capital)
Today’s environment represents just one part of the natural fluctuations of the credit cycle. There are still plenty of opportunities for investors to tap into.
2025 Mid-Year Outlook: Global Stocks and Economy (Charles Schwab)
This year, investors, businesses, and consumers have had to weigh the impact of tariffs implemented, paused, de-escalated, and challenged by courts.
The Red Thread: Private Markets May 2025 (UBS AM)
UBS AM presents its semi-annual insights into private markets, exploring the key forces shaping this part of the financial markets.
Mid-Year Outlook 2025: Reality Check (Barclays Private Bank)
The key takeaway of this report is that amid the heightened volatility of recent months, diversification and selectivity remain paramount.
Mid-Year Forecast Review and Outlook (DB Wealth)
For compliance reasons, this paper is only accessible in certain geographies
Should investors expect lower growth? Will the U.S. dollar weaken, as the Trump administration is hoping for?
Mid Year 2025 Outlook (JP Morgan Private Bank)
Economic fundamentals appear solid for now, although investors should expect the global economy to soften in the short term due to tariff policy.
Private Equity Midyear Report 2025 (Bain & Company)
Tariff turbulence has shaken the world, but it hasn’t broken the private equity market. Will this resilience continue?
2025 Midyear Outlook – Asia Fixed Income: Emerging Markets (Invesco)
For compliance reasons, this paper is only accessible in the United States
The authors of this paper remain cautious given the current divergence between Asia credit spreads and U.S. policy uncertainty.
Midyear Macro Outlook: A New dawn of Uncertainty (Columbia Threadneedle)
Relationships between global powers and long-standing allies have become less predictable. This has meant more volatility for markets.