La Française - Discover our December 2025 outlook
Written by François Rimeu, Senior Strategist at La Française.
Resilience in financial markets the surprise of 2025
Many fund houses mark Liberation Day—the day president Trump announced sharply higher US trade tariffs—as the standout moment of 2025, according to the Investment Officer Outlook Survey 2026. But what surprised asset managers even more was how quickly markets carried on in the months that followed, as if nothing had happened.
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.
New generation of billionaires shifts to external management
Europe is consolidating its position as the global hub for inherited wealth, but the way that capital is managed is undergoing a radical modernization.
Building nature-positive portfolios
Alternative assets offer valuable qualities for creating nature-positive, well-diversified portfolios, providing both direct and systemic impact. In this Sustainability in Action we demonstrate how this can work in practice.
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 As always, this comes with a wave of outlooks that are, unfortunately, often already partly outdated by the time the new year begins.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.
Taking Control of Hidden Risks in Passive Sustainable Equity Strategies
Passive sustainable-investing strategies can carry hidden active risks. An Alpha Enhanced solution is designed to help bring transparency, control, adaptability and potentially improved risk-adjusted returns.
Morningstar: Capital Group versus Dodge & Cox in global flexible bonds
Global flexible bond strategies cover a wide range of different approaches. Investors should tread them with caution.
Capital Group | Made in America is making a comeback
“Made in America” has been a government policy, a political slogan and a marketing strategy throughout US history.