insights.

The market has had a strong rally, but risks remain – including unresolved trade tensions. How can investors navigate this complex environment?

Across asset classes, LOIM CIOs respond to developments in the global trade war and consider what investors need to know.

The tariff decisions on Liberation Day portend a range of investment risks and opportunities that require nimble portfolio management.

The market shift to Europe from the US and to value from growth, amid an uncertain economic backdrop, underlines the value of active investing. 

Markets are putting more stock in broadening equity returns and a greater fixed-income term premium than growth risks posed by a potential rise in tariffs.

Three clear shifts – improving macro, continued central bank easing and the potential for more balanced performance across asset classes – could favour active managers in 2025.

We explore three investment themes for 2025 as investors eye carry trades and shifting trends in Europe and China.

Donald Trump’s policy agenda could have profound implications for the US economy and global markets. Our equity, fixed income, multi-asset and convertible bond teams assess three key impacts.