Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
India gains recognition as diversification anchor
India is drawing fresh interest from global investors as domestic demand, rapid digitalization and a deepening capital market give it resilience few major economies can match. Emerging market specialists say these qualities are becoming increasingly relevant for diversified portfolios.
Morningstar: AllianceBernstein vs Pimco in high-yield bonds
Prudent risk management is vital in high-yield-bond investing. As this week’s Morningstar fund comparison shows, even strategies operating in the same corner of the market can diverge sharply when stress hits.
De confrontatie
Het sentiment op de obligatiemarkten keert snel. In een tijdsbestek van enkele weken zijn beleggers en zelfs centrale bankiers 180 graden gedraaid. Toenemend inflatiegevaar en een nóg groter gebrek aan fiscale discipline drijven de rentes op. Een nachtmerriescenario voor politici en de aanloop naar een grote confrontatie.
Transfers: Fidelity, La Française, Partners Group, Palana, Schuman, URW, Robeco
This week’s roundup of people transfers and appointments.
Bankhaus Metzler expects 10 percent profit for German equities in 2026
Bankhaus Metzler is preparing for another year of strong performance in German equities. The nearly 20 percent rise in the DAX this year will likely not be matched in 2026, said equity strategist Uwe Hohmann, but an increase of 10 percent is within reach.
Private credit’s real risk rests with the managers
In private credit, institutional investors face their biggest risk not in the asset class itself, but in selecting the general partner. Interviews with private market insiders suggest the real danger is a lack of scrutiny of managers.
Simplification push by ESMA risks raising costs before relief
The European Union’s push to simplify financial reporting faces a complex reality, with industry leaders warning that streamlining requirements will likely hike costs before delivering relief.
The 2026 portfolio
The traditional 60/40 portfolio is dead, long live the 60/40 portfolio.
Chart of the week: big fireworks in 2026?
It’s December, and so the focus is shifting to 2026. As always, this comes with a wave of outlooks that are, unfortunately, often already partly outdated by the time the new year begins. Still, a dynamic is now unfolding that could lead to quite a bit of fireworks next year.