Columbia Threadneedle
Tax Drag Matters More Than Investors Think
Columbia Threadneedle’s Seth Buks examines how tax friction can quietly erode compounding and why asset location deserves a more strategic role in portfolio construction.
A 1.5% annual tax drag can reduce a $1 million portf...
2026-04-01
2026-04-01
Allianz Global Investors
Behavioural Bias Is Still a Portfolio Risk
AllianzGI’s Matt Toms and Michael Stamos argue that behavioural mistakes remain a persistent drag on asset allocation and can be mitigated through stronger decision-making frameworks.
The report highlights key biases including recenc...
2026-04-01
Pimco
Resilience Over Reach in a More Fragile Macro Regime
PIMCO’s Tiffany Wilding and Andrew Balls argue that rising geopolitical stress, private credit vulnerabilities, and AI-driven disruption are reshaping the investment backdrop in favor of quality and liquidity.
PIMCO sees the current energ...
2026-03-31
Nuveen
Municipal Bonds Stand Out as a Defensive Income Play
Nuveen argues that in a market dominated by oil volatility, inflation fears and slowing growth, municipal bonds are emerging as one of the cleaner relative opportunities.
Rising geopolitical risk and crude prices have lifted inflation con...
2026-03-31
NatWest Group
The UK Recovery Is Already Being Choked by the Energy Shock
NatWest’s latest UK macro update argues that the Middle East conflict is beginning to show up in real economic data, weakening what had been an early-stage recovery.
Business sentiment deteriorated in March, with UK PMI data showing...
2026-03-31
Northern Trust
Energy Security Is Back—And It Will Come at a Cost
Northern Trust argues that the current energy shock is not just a price event, but a structural reminder that energy dependence still carries strategic and economic consequences.
The closure of the Strait of Hormuz and damage to LNG infra...
2026-03-30
Natixis IM
The Real Risk Isn’t Inflation Panic—It’s a Slow Growth Squeeze
Natixis argues that the current oil shock matters less because it revives 1970s inflation—and more because it quietly erodes an already softening U.S. growth backdrop.
The U.S. economy is far less energy-sensitive than in prior oil shocks...
2026-03-30
Edmond de Rothschild
Markets Still Want to Buy the Dip—But the Margin for Error Is Shrinking
Edmond de Rothschild argues that despite geopolitical volatility, investors continue to treat the Iran shock as tradable rather than structural.
Risk assets rebounded quickly after signs of delayed escalation, reinforcing the market’s ten...
2026-03-30
Amundi Asset Managers
Central Banks Pause, But Markets Are Already Repricing the Next Move
Amundi’s weekly market note argues that policymakers are not easing into calm, but pausing into uncertainty.
The Fed, ECB, BoE and BoJ all held rates steady, but rising bond yields suggest markets are increasingly pricing a longer period...
2026-03-27
Columbia Threadneedle
Private Credit Is Facing a Structure Test, Not a Category Collapse
Columbia Threadneedle argues that the recent stress in private credit markets should be understood less as a systemic failure and more as a test of product design.
The recent selloff exposed familiar weak points: liquidity mismatches, val...
