Looking for opportunities beyond U.S. stocks

Are solid fundamentals enough in today's stock markets?

In recent weeks, the financial press has reported two main developments across equity markets. Firstly, depsite some recent dips, stock markets have largely recovered from their "Liberation Day" lows. Secondly, equity investors are looking outside the U.S. to diversify their holdings. This selection of timely insights from the likes of MFS, Robeco, and Charles Schwab presents practical perspectives on the evolving landscape of global equity markets.

Is European Equity Underperformance Ending? (Deutsche Bank Research Institute)

For most of the past 15 years, the default position of investors was being overweight U.S. and underweight European equities. Is this dynamic changing?

Key Equity Themes – A New Era of Opportunity (MFS)

For compliance reasons, this paper is only accessible in certain geographies

Here are five key themes that are transforming the opportunity set across equity markets.

Liquidity: Trading Linked to S&P DJI Indices in 2024 (S&P Dow Jones Indices)

The growth of indexing is brightly exemplified in the growth of ETFs, with an increasingly broad range of global products continuing to see rapid growth in assets.

Stock Buybacks Are Booming and that’s Bad News (Morningstar Indexes)

Companies in the Morningstar U.S. Market Index have spent more than $1 trillion on stock buybacks for the trailing 12 months through September 2025.

EM Equities Gathering Momentum (Robeco)

The consensus is that India has a great future, but as a result it has a relatively expensive stock market. Is the consensus right?

AI: Stairway to Heaven or Heartbreaker? (Charles Schwab)

The most powerful argument for AI is its potential to boost productivity across the economy. How true is this argument?

Fifty Years of Innovation, Mythmaking, and Mythbusting (PMR)

Finance theory has come a long way over the decades, but despite major paradigm shifts, many myths and assumptions continue to this day.

Why Healthcare, Why Now? (Candriam)

The healthcare sector is now trading near 35-year lows in relative valuations, while its weight in the S&P 500 has fallen to a 24-year low.

An Alternative to European and U.S. Large Caps (BNP Paribas AM)

The U.S. technology sector is uniquely well placed to grow profits, and we doubt any major index can outperform it over the medium term.

Style-ish? Active Style Drift when Styles Are in Vogue (Vanguard)

For compliance reasons, this paper is only accessible in the United States

When active fund managers add stocks outside their fund’s stated investment style, the portfolio can start to stray.