The Hidden Risks of Passive Investing
Passive investing is no longer just a strategy - it’s quietly reshaping markets, inflating valuations, and creating systemic risks that most investors don’t see coming.
Blackrock: Germany should put its savings to work through private markets
Germany should move its trillions of euros in savings out of banks and put them to work for its Mittelstand through private markets. That was the message from Philipp Hildebrand, vice chairman of Blackrock’s Global Executive Committee, on Thursday during the presentation of a report on the European private markets sector.
Infrastructure opportunities, from three simultaneous mega-trends
Three global mega-trends are driving global structural change and we believe they offer exciting opportunities for infrastructure investors. Digitalisation, Decarbonisation and Deglobalisation.
Morningstar: Blackrock and Neuberger Berman in USD high yield bonds
The US high yield bond market returned 7.4 percent for 2025 through October (per Morningstar’s US High Yield Bond Total Return USD Index), outpacing the leveraged loans market’s 4.9 percent return (Morningstar LSTA US Leverages Loans Total returns USD Index). This year’s underperformance stands out, due to several high-profile blowups such as Tricolor and First Brands.
COP30, entre ambitions climatiques et politisation des enjeux ESG
À l’approche de la COP30 le 10 nov., les rapports montrent des progrès depuis l’Accord de Paris, mais l’impact des nouvelles ambitions nationales reste flou. Que peut-on attendre de ce sommet climatique clé ?
The myth of “free” dividends
A targeted educational intervention can break the free dividends fallacy among retail investors. The result: a lasting behavioral change that reveals how fragile—yet how malleable—the demand for dividends truly is.
Italy cools on French fund groups as UniCredit exits Amundi deal
Two major European cross-border asset management relationships are losing momentum, with Italian financial groups reassessing their reliance on French partners.
A strong euro? Quite the opposite
It was fall break in October, which meant plenty of travelers crossed the Atlantic to visit New York. One of the perks: shopping in the Big Apple had become much cheaper than at the start of the year.
Morningstar: AllianzGI versus JP Morgan in allocation funds
Allocation managers overweighing eurozone stocks have done well so far this year while currency management and off-benchmark exposures like gold have also moved the needle for some. After withdrawals over the previous two calendar years, allocation funds in Europe saw modest inflows over the first three quarters of 2025.
Who will still want those guzzlers later on?
The bulk of US economic growth this year can be attributed to data centers. But what will all that infrastructure be worth once chips arrive that are a hundred times more energy-efficient than today’s models?