Uncover what the longer term may maintain
Few traders on the finish of 2024 might have foreseen how unstable the primary half of 2025 proved to be. And as allocators look throughout the following six months, uncertainty continues to be the most important problem to stability and progress. This assortment of thought management goals to convey some readability to this murky surroundings.
Secular Outlook: The Fragmentation Period (PIMCO)
Wanting again on the first half of 2025, the normal world order – by which economics formed politics – has been turned on its head. What’s subsequent for markets?
Leveraged Credit score: 2025 Midyear Assessment & Outlook (Polen Capital)
Right this moment’s surroundings represents only one a part of the pure fluctuations of the credit score cycle. There are nonetheless loads of alternatives for traders to faucet into.
2025 Mid-12 months Outlook: World Shares and Economic system (Charles Schwab)
This yr, traders, companies, and customers have needed to weigh the affect of tariffs applied, paused, de-escalated, and challenged by courts.
The Purple Thread: Non-public Markets Could 2025 (UBS AM)
UBS AM presents its semi-annual insights into personal markets, exploring the important thing forces shaping this a part of the monetary markets.
Mid-12 months Outlook 2025: Actuality Examine (Barclays Non-public Financial institution)
The important thing takeaway of this report is that amid the heightened volatility of current months, diversification and selectivity stay paramount.
Mid-12 months Forecast Assessment and Outlook (DB Wealth)
For compliance causes, this paper is barely accessible in sure geographies
Ought to traders anticipate decrease progress? Will the U.S. greenback weaken, because the Trump administration is hoping for?
Mid 12 months 2025 Outlook (JP Morgan Non-public Financial institution)
Financial fundamentals seem strong for now, though traders ought to anticipate the worldwide economic system to melt within the brief time period on account of tariff coverage.
Non-public Fairness Midyear Report 2025 (Bain & Firm)
Tariff turbulence has shaken the world, but it surely hasn’t damaged the personal fairness market. Will this resilience proceed?
2025 Midyear Outlook – Asia Mounted Revenue: Rising Markets (Invesco)
For compliance causes, this paper is barely accessible in the US
The authors of this paper stay cautious given the present divergence between Asia credit score spreads and U.S. coverage uncertainty.
Midyear Macro Outlook: A New daybreak of Uncertainty (Columbia Threadneedle)
Relationships between world powers and long-standing allies have develop into much less predictable. This has meant extra volatility for markets.
