CIO reading list: July 2025
Change brings risk, but also opportunity
Are the forces that drive volatility starting to recede? The U.S. administration striking trade deals with major economies certainly lowers tariff-related disruption risks. But technological innovation marches on, and geopolitical conflicts continue to flare up. Explore insights on these topics and more - picked for and from CIOs - to learn what’s really going on.
Insights for CIOs
Credit in a Changing Market: Public-Private Balance (PGIM)
Many investors have been actively exploring more options in public and private credit, even though added complexity in these markets brings new challenges.
Emerging Markets Debt: Is It What Your Asset Allocation Needs? (MetLife IM)
The U.S. growth outlook is being stifled by new and evolving secular forces, including the limitations of deficit-financed growth policies, tariff rates ,and immigration changes.
Choice of Equity Landing Points Can Benefit Target-Date Investors (Vanguard)
For compliance reasons, this paper is only accessible in the United States
This decision framework can help plan sponsors evaluate trade-offs and determine the suitability of the two different equity landing points for their participant population.
Are Humanoids the Future of Industrial Automation? (Robeco)
Automation doesn’t eliminate jobs. It eliminates repetitive tasks enabling humans to focus on higher value-added activities, boosting productivity.
Europe's Revolution in Renewable Energy (Natixis IM)
For compliance reasons, this paper is NOT accessible in the United States and Canada
Renewable energy offers European countries the opportunity to regain control over their energy markets and boost growth.
Views from CIOs
Not Only Gold Glistening (Deutsche Wealth)
The spectacular rise in the gold price continued in the first half of 2025. It peaked towards the end of April. Is there scope for another gold price rally?
Alternatives 3Q25: Private Assets – The Volatility Antidote (DBS Private Bank)
Data shows that public markets take longer to recover from volatility-triggered drawdowns, compared to private and hedge fund markets.
Dan Sundheim on GameStop and Hedge Funds (David Rubenstein Show)
D1 Capital Partners Founder and Chief Investment Officer Dan Sundheim speaks to David Rubenstein about his hedge fund career.
Change Brings Opportunities (Merrill)
Questions about the future role of the U.S. in the global economy have multiplied with the new administration’s radical policy shifts.
Monthly Investment Guide July 2025 (Nomura)
Growth is losing momentum, but labor and consumption are holding just enough to keep the Fed sidelined.
