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Morningstar: Fidelity Global Dividend versus Trojan Global Income

The first half of the 2025 market year was turbulent. Investors quickly turned away from their optimism surrounding a second term for Donald Trump once his erratic and impulsive leadership came back into focus. That memory immediately stirred nervousness and uncertainty across equity markets.

US private debt: silent engine of growth and warning signal for global investors

While Europe continues to attract investors seeking attractive valuations and macroeconomic stability, M&G sees a fundamental shift occurring in the US capital markets: 75 percent of credit growth is now taking place through the private market—a structural transformation that is only accelerating.