CIOInsights2Q25: Resilience Amid Tariffs

Embrace a portfolio approach

CIO Asset Allocation

Global • Featured

Asset Allocation 2Q25 – The Age of Disruption

Despite our near-term cautious view on the US, we continue to stay positive on US tech given secular growth tailwinds; seek opportunities in Europe equities and safe haven assets

Global • Featured

JGB Yield Surge – What It Means for Portfolios

Global • Featured

Market Pulse: Crude Conflict

Global • Featured

Asset Allocation: The Imperative Call for Income Investing

Global • Featured

Asset Allocation: US Debt Downgrade – What’s Next?

Equity Strategy

Global • Featured

Europe Equities: Hidden Champions

Europe’s mid-cap segment, especially those leveraged to domestic capex cycles, presents compelling opportunities for stock selection.

United States • Featured

US Equities 2Q25 – Exceptionalism Challenged

Global • Featured

Global Aerospace: Smoothly Navigating Through Tariff Headwinds

Asia ex-Japan • Featured

Asia ex-Japan 2Q25 – Navigating Trade Tariffs

Global • Featured

Equities Weekly: Global Tech – AI-Led Innovation Cycle Remains a Core Investment Theme

Fixed Income Strategy

Developed Mkts • Featured

Global Rates 2Q25 – Rethinking US Exceptionalism

US growth worries erode the yield premium of US Treasuries over G3 peers while increased military expenditure and persistent inflation worries drive up German and Japanese yields respectively

Global • Featured

Credit Strategy: Emerging Concerns About a “Mar-a-Lago Accord”

Global • Featured

Credit Strategy | Soft-Landing Until Proven Otherwise

Global • Featured

Fixed Income Weekly | Market Relief After Trump's Inauguration May Be Short-Lived

Global • 25 Jun 2025

USD Rates: USTs biased to rally

FX Strategy

Global • 25 Jun 2025

Weak USD bias intact, Powell kept the door open for a cut in September

USD lower on softer US data and Fed’s patience.

Global • 24 Jun 2025

Trump’s ceasefire and Fed cut expectations

Global • 23 Jun 2025

Middle East and Powell’s testimony

Global • 19 Jun 2025

FOMC yesterday, BOE and SNB today, Mideast tensions ongoing

Global • 18 Jun 2025

FOMC today amid Middle East risks

Alternatives

Global • Featured

Gold 2Q25 – A Glittering Haven

Structural bull market for gold as uncertainty under Trump 2.0 buoys short-term demand while de-dollarisation and higher global nominal GDP growth act as longer-term tailwinds

Global • Featured

Alternatives: Liquidity Brings New Bitcoin ATH

Global • Featured

Private Assets 2Q25 – Anchor in the Storm

Global • Featured

Alternatives - Private Assets | The Stability of Private Equity Amid Uncertainty

Global • Featured

Alternatives | Gold – Global Uncertainties Push Gold to New Highs

Commodities

Global • Featured

Commodities 2Q25 – Good Start to the Year

Commodities surprise with positive YTD flows and recover lost ground

Global • Featured

Global Oil & Gas: Dawn of New Era for US Shale Oil

Global • Featured

Commodities: A Closer Look at the Dynamics of Investing

Global • Featured

Commodities 1Q25 – Still Waiting

Global • Featured

Global Oil & Gas: Resurgence of US Upstream Players

Global Economics

Global • 20 Jun 2025

Fed Pause and Ongoing Middle East Tensions

Global • 13 Jun 2025

Navigating Inflation and Trade Tensions

Global • 6 Jun 2025

Elections, Easing, and Economic Realignments

Global • 30 May 2025

Global Recalibration under Tariff Pressure

Research Updates

Europe • 25 Jun 2025

Ferrari

Europe • 25 Jun 2025

Deutsche Telekom

Asia ex-Japan • 23 Jun 2025

Asia ex-Japan Equities

Europe • 23 Jun 2025

Infineon Technologies

United States • 23 Jun 2025

Tesla Inc