CIO studying listing: March 2025

From geopolitics to Warren Buffett’s newest letter

A fast scroll by way of the Wall Road Journal’s part “CIO Journal” reveals that the dialog stays centered on tech (and tech-related developments), tariffs, and geopolitics. That is mirrored in among the papers listed under. Different themes, equivalent to ETFs and the hyperlink between gold and financial stability, shouldn’t be missed, nonetheless. Learn extra on these under. 

Insights for CIOs

Who Will Endure Most from U.S. Tariffs? Not China or the EU! (Invesco)

Trump 2.0 is already affecting the worldwide economic system in main methods. Nonetheless, there are subtitles allocators ought to concentrate to.

Ideas from the Highway: Europe and the Center East (KKR)

For compliance causes, this paper is barely accessible in sure geographies

There isn’t any single “Center East,” however its collective development and transition towards a extra diversified economic system warrants investor consideration.

2025 International ETF Outlook: The Enlargement Accelerates (State Road)

The worldwide ETF market continues to evolve, attracting new belongings from traders seeking to diversify their allocations.

On M&A Exercise: Let the Circle Be Unbroken (First Eagle Investments)

For compliance causes, this paper is barely accessible in sure geographies

Center market loans provide traders complexity and illiquidity premia alongside credit score premia, dangers that may be mitigated by way of vigorous underwriting and structuring.

Personal Belongings for Retail Buyers: The Time Has Come (Natixis IM)

For compliance causes, this paper is barely accessible in sure geographies

An awesome majority of all corporations in all areas of the world are held in personal palms and are subsequently sometimes unavailable to particular person portfolios.

Views from CIOs

Full Religion and Credit score of Gold (Crescat Capital)

Within the Nineteen Fifties, the U.S. held extra gold than the remainder of the world mixed. Since then, an unmistakable and seemingly irreversible downward trajectory has taken maintain.

CIO Capital Market Outlook: Up to date Weekly (Merrill)

This weekly publication from Merrill gives traders with the most recent takes on key markets and economies from all over the world.

Market Commentary Feb 2025 (Horizon Kinetics)

Not solely does this letter cowl the previous few months of 2024 with a singular perspective, however it additionally gives meals for thought for this yr.

Warren Buffett Annual Letter to Shareholders 2025 (Berkshire Hathaway)

Learn Warren Buffett’s 2025 letter to the shareholders of Berkshire Hathaway for his insights into timeless investing rules.

U.S. Exceptionalism in Retreat? (Rockefeller Capital Administration)

Rockefeller International Household Workplace Chief Funding Officer Jimmy Chang recounts the funding frenzy of the late Nineteen Nineties and early 2000s.