Top Papers in November

Top 10 papers Read in November 2025

We present the best-performing papers from November 2025 by number of downloads

The Big Picture: Global Asset Allocation 2026 Outlook (Invesco)

For compliance reasons, this paper is only accessible in certain geographies

Invesco expects the global economy to accelerate during 2026. Coupled with Fed easing and a weaker dollar, it expects this to favor cyclical assets.

Six Courageous Questions For 2026 (Orbis Investments)

For compliance reasons, this paper is only accessible in certain geographies

Orbis' investment leaders explore six key questions investors should be asking to test assumptions and sharpen their thinking.

The Fallacy of Concentration (State Street)

For compliance reasons, this paper is only accessible in certain geographies

Concentrated market-cap weights don’t increase index risk, as larger stocks are more diversified and their higher weights are balanced by lower volatility.

Investing at Market Highs (Citi)

For compliance reasons, this paper is only accessible in certain geographies

Market highs can raise concerns about their sustainability and potential future corrections in the market. However, market highs are also a necessary occurrence in growing markets and can signal positive underlying market conditions.

2025 Global Risk Report (PGIM)

For compliance reasons, this paper is only accessible in certain geographies

In a fast-changing world, typified by heightened economic and technological competition between great powers, underappreciated risks could upend the investment outlook. PGIM’s fourth annual Global Risk Report, partnered with Bloomberg Media, uncovers emerging risk scenarios using its proprietary AI tools.

Top of Mind | AI: In a Bubble? (Goldman Sachs)

For compliance reasons, this paper is only accessible in certain geographies

AI bubble concerns are back, and arguably more intense than ever, amid a significant rise in the valuations of many AI-exposed companies, continued massive investments in the AI buildout, and the increasing circularity of the AI ecosystem. So, are AI bubble concerns warranted, or overblown?

Long-Term Asset Return Study: Ultimate Guide to Long-Term Investing (Deutsche Bank Research Institute)

For compliance reasons, this paper is only accessible in certain geographies

The 20th anniversary edition of this flagship Long-Term Study examines how asset classes have performed across a wide range of macroeconomic, policy, and valuation environments, drawing on data all the way from the 18th century to today.

Macro Insights Chartbook Q4: Tariffs, Sentiment, Inflation (Fisher Investments)

For compliance reasons, this paper is only accessible in certain geographies

Despite cautious sentiment and mixed economic signals, Fisher Investments thinks the bull market should continue. Better than expected economic growth, strong corporate results, and clarity on tariffs and taxes should allow reality to exceed expectations, setting the stage for the next leg of the bull market.

2026 Investment Management Outlook (Deloitte)

For compliance reasons, this paper is only accessible in certain geographies

What lies ahead for the investment management industry in the coming months? Explore our 2026 outlook.

Capital Market Outlook Q4 2025 (Berenberg Bank)

For compliance reasons, this paper is only accessible in certain geographies

Professor Bernd Meyer and team provide an outlook for the fourth quarter of 2025 in the current Horizon publication.