CIO reading list: May 2025
Insights to help efficiently allocate capital
May saw a slew of events relevant to investors everywhere—the PBoC announced measures to boost the Chinese economy, gold continued to perform well, and the U.S. market beat expectations (despite the labor market weakening). Explore insights detailing these and other trends with the thought leadership presented below.
Insights for CIOs
China’s Robotaxi Market: The Road to Commercialization (Goldman Sachs)
China’s robotaxi industry is well positioned to grow substantially in the years ahead. Here is what you need to know about this opportunity.
The U.S. Labor Market: Caution or Confidence? (MetLife IM)
The U.S. labor market is being closely monitored by the Fed and the U.S. administration as tariff turmoil unfolds.
Beyond Traditional FI: Diversifying into Specialty Finance (M&G Investments)
For compliance reasons, this paper is only accessible in certain geographies
Within the rapidly growing universe of structured finance, specialty finance has emerged as one of the more attractive opportunities.
Capital Market Assumptions USD 2025 Q1 (Invesco)
An updated report from Invesco on the direction of markets and economies in the near future, as well as over the longer term.
Gold Demand Trends Q1 2025 (World Gold Council)
For compliance reasons, this paper is only accessible in certain geographies
Gold has become a buzzword recently, due to its stellar performance against a backdrop of geopolitical uncertainty.
Invest USA : The Reshaping of Global Capital Flows (Citi Institute)
Capital flows move markets. In this report, Citi takes a look at the capital flows shaping U.S. markets and economy.
Views from CIOs
Mining: The Bedrock of Innovation and Industrial Revival (Crescat Capital)
The U.S. cannot pursue its economic rebalancing initiatives without committing to the restoration of domestic mining capacity and securing long-term access to mineral reserves.
Policy Shocks Meet Economic Resilience (Merrill)
Notwithstanding the barrage of negative tariff-related headlines and heightened uncertainty, incoming data have so far painted a less alarming picture of the U.S. economy.
Rise and Shine? – The TWD Episode (Nomura)
In this note, Gareth Nicholson, CIO and Head Managed Investments, covers the recent developments related to the Taiwanese dollar.
Strategic Investing with Sir Chris Hohn (Norges Bank)
Nicolai Tangen sits down with Sir Chris Hohn, founder of The Children's Investment Fund Management, one of Europe's most successful hedge funds.
China Announces Stimulus Measures (Deutsche Wealth)
New stimulus comes amid broad USD weakness. Despite escalating U.S.-China trade tensions, the PBoC has kept the CNY relatively stable.
The Next Stage of U.S.-China Tussle (Standard Chartered)
China’s policy stimulus is aimed at supporting consumption-driven growth.
The First 100 Days (Rockefeller Capital Management)
Business executives who were looking forward to a new era of deregulation were shocked by President Trump’s proposed tariffs.
