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Clarity around ‘Sanaenomics’ makes Japan investable again

Prime Minister Takaichi’s clear reflation policy is making Japan attractive to investors once more, even though the policy rate, at 0.75 percent, stands at its highest level in thirty years. The panic surrounding the unwinding of the yen carry trade, which caused global turmoil two years ago, now appears to have definitively faded into the background.

Xtrackers push DWS assets under management above 1,000 billion euro

The Exchange Traded Funds (ETFs) of DWS are making a significant contribution to the growth of the German asset manager. The assets under management of the firm, in which Deutsche Bank holds an 80 percent stake, increased in 2025 by 73 billion euro to the record sum of 1,085 billion euro. Two thirds of the inflow of 51 billion euro was driven by demand for the in-house Xtrackers ETFs.

The growing gap between earnings calls and stock prices in private credit

The already downward-trending stock prices of major US private credit firms took another hit this month amid the markdown of the software sector and concerns about AI. While executives are trying to contain those concerns, analysts say market participants may already be pricing in risks that could affect clients later.

Patchwork quilt of European taxes on wealth expands

With the Dutch House of Representatives (Tweede Kamerlid) passing the Actual Return Box 3 Act last week, the Netherlands will introduce “paper gains” as a basis for taxation starting in 2028. That is entirely unique in Europe. The patchwork of solutions Europe has devised for this tax will therefore gain a new addition.