What investors read, listened to, or watched in July

Here is what resonated best with allocators in July

The round-up the month of July, the Savvy Investor team has collected below the most-eganged-with pieces of investment content for each allocator type.

Insurers

Does AI Raise or Lower Neutral Rates? (PIMCO)

AI is widely expected to push neutral rates higher, but PIMCO is seeing market-based evidence that points in the opposite direction.

Top of Mind: An AI Job Apocalypse? (Goldman Sachs)

Rapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could lead to large-scale job losses before the end of the decade.

What Separates the Top 1% of Allocators (How I Invest Podcast)

Rthe edge of successful allocators is almost always the same: a voracious desire to learn, real humility, deep networks, and conviction.

Family offices

A Value-Based Case for Today's European Banks (Robeco)

European bank stocks have enjoyed a multi-year run of strong performance, outpacing the STOXX 50 Index since early 2024 amid increased profitability.

2026 Midyear Multi-Asset Outlook: From AI Promise to Delivery (Metlife IM)

The secular nature of today’s investment-led economy argues for staying invested in growth assets, particularly equities.

Regimes, Reversals and Risk (S&P Dow Jones Indices)

The steady drumbeat of AI-related enthusiasm propelled the market upward despite numerous obstacles, including the war with Iran, rising inflation and fears of Fed rate hikes.

Endowments

Does AI Raise or Lower Neutral Rates? (PIMCO)

AI is widely expected to push neutral rates higher, but PIMCO is seeing market-based evidence that points in the opposite direction.

Top of Mind: An AI Job Apocalypse? (Goldman Sachs)

Rapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could lead to large-scale job losses before the end of the decade.

SPIVA by the Numbers: A Global Perspective (S&P Dow Jones Indices)

How difficult is it to beat the benchmark in markets around the world?

Sovereign wealth funds

Energy Security and the New Geography of Power (Actis)

The global energy system is undergoing a structural reallocation of capital, driven by a shift in how governments, corporations, and investors understand energy dependence.

Essential Infrastructure: The HALO Assets of the AI Boom (Ausbil)

One area AI is stimulating is power, and the hard assets of essential infrastructure – assets which Goldman Sachs refers to as HALO (Heavy Assets, Low Obsolescence).

Measuring What Matters: Evaluating the TPA (CPP Investments)

For decades, institutional investors operated in a relatively stable world. Inflation was subdued, globalization deepened, and public markets expanded.

Pensions

Top of Mind: An AI Job Apocalypse? (Goldman Sachs)

Rapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could lead to large-scale job losses before the end of the decade.

State Retirement Systems 2026: Funding Levels and Asset Allocations (Wilshire)

State pension funding continued to improve, with the aggregate funded ratio rising as strong asset growth outpaced liability increases and narrowed the overall deficit.

An Allocator’s Guide to Risk Mitigation for the Total Portfolio (One River AM)

There's no such thing as the perfect hedge, and there's always tradeoffs involved in constructing explicitly defensive complements to a risk-seeking portfolio.

Wealth

Top of Mind: An AI Job Apocalypse? (Goldman Sachs)

Rapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could lead to large-scale job losses before the end of the decade.

SPIVA by the Numbers: A Global Perspective (S&P Dow Jones Indices)

How difficult is it to beat the benchmark in markets around the world?

When Information Is No Longer the Edge (CFA Institute Research & Policy Center)

Artificial intelligence is making investment research faster and more accessible than ever.