Insights you might have missed last week

AI investment, energy transition, and what if Trump is right? 

Explore this selection of high-quality insights that you may have missed last week, from top global asset managers and institutions.

The Global Energy Transition: Investor Themes (Metlife IM)

Despite policy headwinds and a challenging economic outlook, the energy transition is advancing globally. However, progress is uneven across sectors and geographies. 

A Buffered Strategy for the Golden Mean (S&P Dow Jones Indices)

For many market participants, the priority is not pursuing every inch of a bull market run but participating while managing downside risk. 

The Credit Market Lens (PIMCO)

The evolution of credit spreads remains driven primarily by credit fundamentals, investor risk appetite, flows, and broader market technicals rather than relative value between Treasuries and swaps. 

Mid-Year Update: What if Trump Is Right? (Orbis Investments)

Market complacency, the focus on AI, and potentially overlooked opportunities around electricity generation all suggest there might be more rebalancing to come. 

Are We in a Defense Tech Bubble? (BCG)

This paper compares the profit pools of traditional defense aviation platforms with newer, cheaper solutions. The latter shows faster growth than exquisite platforms, but a more limited profitability profile. 

The OCIO Transparency Framework (OCIO Analytics)

This paper outlines the principles that investment committees should expect from any OCIO relationship. The aim is to encourage greater consistency in how they communicate with clients. 

The AI Investment Race (BIS)

The AI build-out is among the biggest technology-driven investment booms in U.S. history. Its scale, reliance on debt and circular equity ties raise questions about sustainability and financial stability. 

In Tune with the Markets – Hot Stuff (Robeco)

Inflation remains the headline in global markets.  Earnings season promises fresh surprises, Korean equities are testing the durability of the emerging markets rally, and AI-driven capex is rippling through credit markets.