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AI’s insatiable appetite for energy
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FEATURED ARTICLE

China Equity Q4 2025 report
: The rewards of a disciplined and dynamic approach
Sandy Pei, CFA
Hugh Shepherd
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What is driving EM corporate debt outperformance?
: Chartology
Yulia di Mambro
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Newsletter
28 November 2025
| Macro
Market Snapshot 
Investors weigh up implications of UK Budget
A weekly view from our portfolio managers into the trends shaping markets right now.
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A white ferry boat travels down the Amazon river at dusk.
Article
28 November 2025
| Stewardship
What was achieved at COP30? 
Will Farrell
Key takeaways from COP30 for investors and companies.
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Article
26 November 2025
| Active ESG
Fiorino: CoCo confusion – the new debt-equity duality 
Filippo Alloatti
CoCo bonds are the ultimate ‘quantum’ capital instrument.
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sunrise over mountains
Article
25 November 2025
| Stewardship
Stewardship 2026 Outlook 
Leon Kamhi
A systemic shift in a changing world?
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Video
25 November 2025
| Active ESG
Where do we see opportunity in emerging markets debt in 2026? 
Mohammed Elmi, CFA
Views from the EMD desk.
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a woman is walking down the street with several bags in her right hand
Article
24 November 2025
| Active ESG
Black Friday sale has come early for the stock market 
Stephen Auth, CFA
We are in the midst of a technical, overdue correction in search of a narrative.
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Article
18 November 2025
| Alternatives
Private Markets 2026 Outlook 
Steve McGoohan
Patrick Marshall
Brooks Harrington, CFA
Vincent Nobel
Perry Noble
Mobilising new sources of capital and democratising private markets.
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Article
18 November 2025
| Liquidity
Liquidity 2026 Outlook 
Deborah Cunningham, CFA
John Sidawi
Will the Fed retain its independence?
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Article
18 November 2025
| Macro
Fixed Income 2026 Outlook 
Robert Ostrowski
Mitch Reznick, CFA
Nachu Chockalingam, CFA
Mohammed Elmi, CFA
Where now for the yield curve?
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Article
18 November 2025
| Macro
Equities 2026 Outlook 
Stephen Auth, CFA
Martin Todd, CFA
Jonathan Pines, CFA
Kunjal Gala
One big beautiful world - or a correction ahead?
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Arched stone bridge over a still, misty lake, surrounded by forest
Article
11 November 2025
| Active ESG
Closing the loop: Why circularity is now a strategic imperative 
Martin Todd, CFA
Jessica Henry
Turning scarcity into opportunity.
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A view of the US capitol building with the US flag in the foreground
Article
11 November 2025
| Macro
Yields look biased downward 
RJ Gallo, CFA
Many signs point toward continued Federal Reserve easing.
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