Top investment content: February 2026

Analysis from PIMCO, Deutsche Bank, Polen Capital, and more

Industry thought leaders share their insights on the geopolitical, technological, and behavioral shifts impacting markets around the world today. This curated collection covers a wide range of topics from EMs to AI, productivity to sustainability, and more, so allocators can stay on top of the latest investment trends and opportunities. 

In-depth research

Democratizing Autocallable Notes via an ETF (Calamos Investments)

Autocallable yield notes have captured investor interest for their ability to deliver high stable income that is tied to equity market performance rather than traditional fixed income factors.

Navigating a Concentrated Equity Market in 2026 (Fidelity Investments)

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

Are there advantages to a concentrated U.S. equity market? A higher variance of earnings surprises may present opportunities for active stock selection.

Emerged: The structural re-rating of Emerging Markets (FTSE Russell)

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

Emerging markets have meaningfully reduced their macroeconomic and financial market vulnerabilities over the last quarter of a century, prompting a gradual positive re-rating of EM assets.

A New Rules-Based Benchmark for Frontier Market Debt (MarketVector Indexes)

The MarketVector El Salvador Bond Index tracks sovereign and corporate debt issued by entities in El Salvador, a country whose bond market has seen a marked evolution.

The Biggest Risks to the 2026 Consensus (New York Life Investments)

No matter how intently investors monitor and prepare for risks, black swans can materialize at any time, without warning, and upend entrenched economic narratives and market expectations.

Implications for the Dollar, Emerging Markets and Beyond (Deutsche Bank)

A framework to think about geoeconomic policy amid great power competition.

Must-listen podcasts

Data Moats in the Age of AI (Mawer IM)

Companies are leveraging AI-collected data to gain a competitive edge. What are the advantages of this technology for this purpose, and what are the potential pitfalls?

Unearthed: The New Shape of Gold in China (World Gold Council)

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

Strategists from the World Gold Council discuss the shifting dynamics in the world’s most important gold market: China.

Nature as Equity (Bruegel)

Can public money and financial markets work together to protect the environment? A spotlight on policy efforts to make protecting natural resources more of a financial priority.

Incorporating Inclusive Growth as a Stock Selection Factor (BNP Paribas AM)

Is inclusive growth an underappreciated investment criterion when investing sustainably? Why inclusivity matters in investment selection.

Engaging videos

When Optimism Is Priced In: Investment Opportunities in the AI Era (PIMCO)

Group CIO Dan Ivascyn explores how a globally diversified, relative value approach can help identify resilient opportunities amid AI-related disruption.

World in Chaos after Davos? Impact on Markets (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

This year’s meeting in Davos underscored a structural regime shift driven by geopolitics, security priorities and rewired supply chains. How is this shaping markets and investor positioning?

Topical short analysis

AI’s Second Act: From Suppliers to “Appliers” (Polen Capital)

Businesses that utilize AI as part of their product offerings and workflows appear well-positioned to define the next decade of market winners.

AI’s Impact on Jobs: Opportunities and Challenges (Principal Asset Management)

AI is reshaping jobs, productivity, and growth, creating new opportunities and risks.

Private Infrastructure: Why Investing Makes Sense Now (Meketa Capital)

Today’s market environment may present an opportunity for private infrastructure investment based on the unique characteristics of the asset class.

Signal Edition 3

When AI is unavoidable

A behavioral map shows how AI is moving from headline to infrastructure inside institutional portfolios and organisations.