Insights you might have missed last week

Yield traps, gold, climate extremes, and more 

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

Private Credit and Higher Rates: Each Hike Costs More (Allianz GI)

Software is a serious concentration risk. It has the highest leverage and thinnest interest coverage of any major sector.

Where to Find Durable Dividends in Today’s Stock Market (Morningstar Indexes)

In tough times for equity income, investors must beware of yield traps.

Gold Is Down 26%. Is This 1975 Again? (MarketVector Indexes)

With gold about 26% below its January high, this article tests the idea that the 1970s are the best template for this decade.

Risks and Opportunities in the Fog of the Credit Cycle (Man Group)

Man Group believe this is a cycle characterized more by dispersion than broad-based credit deterioration.

Europe Real Estate Sector Report (Principal Asset Management)

European offices remain highly polarised, with resilient demand and limited supply supporting prime assets.

Semiconductor Valuations Surge on AI Demand (Aviva)

Huge demand for the processing chips and memory that power artificial intelligence has sharply increased semiconductor valuations.

U.S. Exposure to Physical Climate Risk (EDHEC Climate Institute)

This article assesses the variances of geographic extremes in the U.S and explores the economic implications of climate change

State of the Market: What’s Next for Private Equity Secondaries (Pantheon)

After a record-breaking year for secondaries volumes in 2025, the structural imbalance in today’s private equity market promises something even more impressive.