Top Papers in February 2026

The Savvy Investor team presents the best-performing papers from February 2026 by number of downloads.

Geoeconomics 101: Implications for the Dollar, Emerging Markets and Beyond (Deutsche Bank)

This year has continued to see major shifts in the global economic and political landscape, with great power competition increasingly played out in terms of geoeconomic policy. The authors provide a framework to think about geoeconomics and its implications for markets.

Valuing AI: Extreme Bubble, New Golden Era, or Both (GMO)

In this two-part piece, GMO co-founder Jeremy Grantham and financial historian Edward Chancellor examine today’s AI boom through the lens of market history.

The Biggest Risks to the 2026 Consensus (New York Life Investments)

Investor attention around risks may ebb and flow, but these events always can, at any time and with no warning, upend entrenched economic narratives and reset market expectations.

The Year Ahead (PGIM)

Looking at the year ahead, PGIM’s Capital Market Assumptions, Outlook, and Best Ideas explore the far-reaching implications for economies, markets, and the opportunity set for investors.

Benchmarking the Evergreen Evolution (Morningstar Indexes)

The design elements of the private market fund structures are being adapted for investors who demand access to the potential return and diversification benefits of private assets, but with a user experience closer to that of mutual funds or exchange-traded funds.

Gold as a Strategic Asset: 2026 Edition (World Gold Council)

Gold has a key role as a strategic long term investment and is crucial for a well-diversified portfolio. Download the World Gold Council's case for a strategic allocation to gold.

Global equities in 2026: Same, same… but different (FTSE Russell)

In this paper the authors review the main drivers of global equity markets in 2025 and provide a 2026 outlook, highlighting shifts in market fundamentals.

Gold Demand Trends: U.S. Focus Q4 and Full Year 2025 (World Gold Council)

U.S. gold demand more than doubled to 679t in 2025, driven almost entirely by strong investment demand in physically-gold‑backed ETFs. US‑listed ETFs added 437t of demand, pushing holdings to a record 2,019t (US$280bn AUM).

2026 Market Outlook (PGIM)

PGIM's global outlook addresses this relationship by providing regional context to key secular themes as well as their impact on our global scenarios for the coming 12 months.

The ‘Great Rebalance’ – Themes Poised for Growth as Markets Broaden (Robeco)

Consumer sentiment, from the U.S. to China , has hit multi-year lows reflecting job market, inflation and economic insecurities among middle- and lower-income segments.