Insights you might have missed last week

Euro bank competitiveness, exploring GARP, Russia’s economy

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

Home Advantage: Munis Power America’s World Cup Cities (Nuveen)

The muni bond market has long been the backbone of American public infrastructure. This summer, as the FIFA World Cup comes to the U.S., that role is on full display.

Europe's Insufficient Allocation to Equities (VoxEU)

Europe’s primary problem is the insufficient development of equity savings, with European capital markets that are too narrow and fragmented.

European Bank Competitiveness (Oliver Wyman)

This analysis shows the EU now needs around €1.4 trillion additional investment every year — far more than the €800 billion estimated in the 2024 Draghi Report.

What Does Illiquidity Cost in Funds? (Riksen)

Trym Riksen, Head of Portfolio Management at Gabler Investments in Oslo decomposes illiquidity.

How Large Is Private Credit’s Total Addressable Market, Really? (PIMCO)

A rigorous framework anchored in asset-based finance helps define the actual scale and scope of the opportunity.

Exploring Growth at a Reasonable Price (S&P Dow Jones Indices)

What innovative strategies are market participants increasingly exploring to measure growth?

Leveraged Finance Asset Allocation: AI Credit Divide (Metlife IM)

The leveraged finance market is confronting an “AI faultline” whereby the early promise of operational efficiency is giving way to clear fractures in legacy business profiles in certain issuer segments.

Endgame: The State of the Russian Economy (Kiel Institute)

Russia’s economy is weakening sharply four years into the Ukraine war. GDP is shrinking, growth forecasts have been slashed, and labor shortages and supply bottlenecks are worsening.