Insights you might have missed last week

Even Musk admirers should be troubled, the global birth crash, and European AI

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

Diplomacy Wavers; Tech Delivers (New York Life Investment Management)

As diplomacy wavers, tech continues to deliver.

The Search for Elusive Outperforming Active Funds in Japan (S&P Dow Jones Indices)

Of the 933 active equity funds domiciled in Japan, more than 80% underperformed their respective benchmarks in 2025.

Private Credit and BDCs: Why the Sell-Off Tells an Incomplete Story (Neuberger)

Neuberger believes the private credit market is much more diverse—and resilient—than the recent focus on corporate direct lending and BDCs would suggest.

Even Musk Admirers Should Be Troubled by SpaceX’s Governance (Harvard Law School Forum on Corporate Governance)

There are at least four aspects of the IPO structure that should trouble Musk admirers.

Will Nothing Stop the Incredible Global Birth Crash? (AEI)

Humanity is in the midst of a headlong global birth crash, very possibly presaging an indefinite global depopulation, with our “peak human” moment coming shockingly soon.

Emerging Markets in a Fragmented World: 4Rs Framework (Allianz)

The Iran war marked the first major oil shock that did not trigger a broad emerging markets selloff.

Hidden Gems: Ukraine (MarketVector Indexes)

Ukraine’s economic scale has historically been reflected in its export-oriented industrial base and agricultural production. It remains relevant in regional macro and reconstruction discussions even when domestic capital markets are constrained.

Europe Will Be Central to the Next Wave of AI Winners (Fidelity International)

Marcel Stötzel, Portfolio Manager of the Fidelity European Fund and Fidelity European Trust, explains why Europe could prove to be one of the most overlooked AI exposures in global equities.