Insights you might have missed last week

Explore some of the highest quality insight collected from top asset managers and institutions that you might have missed last week.

Institutional Investor Indicators: July 2025 (State Street)

Institutional investors have not been as optimistic as they are today since the announcement of a COVID-19 vaccine. This suggests an immunity to policy uncertainty or belief that such uncertainties have peaked.

2025 Mid-Year Outlook : Markets in a Post Consensus World (PGIM)

Markets are now responding to interpretation risk: how policymakers frame data, how central banks communicate uncertainty, and how narratives (not just numbers) are influencing asset class direction.

Transitioning from SAA to TPA (WTW)

Despite initial reluctance, more and more asset allocators are recognizing the benefits of TPA and are beginning to adopt this framework.

The Outlook for Stablecoins (Apollo)

As the stablecoin market continues to grow, so will stablecoin demand for T-bills. As a result, stablecoins are likely to become big buyers of U.S. government debt.

Building the Backbone of AI (Brookfield)

The authors of this paper see attractive opportunities to invest in the infrastructure that will support the next industrial revolution.

FX Talking: Cracks in the Dollar’s Shield (ING)

ING analysts look for three Fed rate cuts, starting in September, and a broadly weaker dollar.

Exploring The Space Economy (Institute of Economic Affairs)

The value of the space economy in the early 2020s was somewhere between $370 billion and $470 billion, with satellite navigation and communication accounting for the lion’s share.