insights.

In this Viewpoint we look at US-Iran tensions, and why our base case remains for a negotiated solution.

We present our long-term, risk-adjusted return expectations for the major asset classes. These are shaped by our macroeconomic assumptions, and underpin our portfolio construction.

This week we highlight the fourth quarter’s strong earnings season, with investors rewarding clear AI monetisation, broadening US leadership, and outperforming emerging markets.

We set out the reasons for our recent upgrades to the growth outlooks for the US, euro area and Chinese economies.

How should investors consider the role of sovereign bonds in portfolios? We look at changing demand dynamics, an evolving portfolio role – and the ongoing appeal of the asset class for domestic investors.

Global instability is rippling through markets. How are we investing for the new world order? Watch our latest video with Samy Chaar, Chief Economist, CIO Switzerland.

Can China’s economy remain resilient in 2026? We examine a stable outlook that benefits emerging market assets, supported by more fiscal stimulus and rising AI investment.

We explore the deeper market effects of geopolitical shocks. A robust and disciplined strategic framework goes beyond the headlines to position portfolios to weather such events.