Brussels readies ‘nuclear option’ as tariff deadline nears
With just one week to go until the U.S. deadline of August 1, European policymakers are finalising retaliation measures that could place transatlantic relations under severe strain.
Private banks race for growth as ‘hunters’ return to favour
Private banks race for growth as ‘hunters’ return to favour. Who wins the client, and who keeps them loyal?
Transfers: Apex, EY, DWS, CMS, Aberdeen, Coutts, GAM, HSBC
This week’s overview of people transfers and appointments includes updates from Apex, EY, DWS Group, Aberdeen, Coutts, GAM and HSBC.
How Active ETFs Can Help Investors Fine-Tune Portfolio Construction
Active ETFs deliver the advantages of active management and the ETF wrapper. Thanks to this unique combination of benefits, active ETFs offer investors a flexible, efficient complement to existing allocations that can help diversify their portfolios.
Frontier, emerging, and developed markets
Vietnamese finance minister Nguyen Van Thang met with representatives from FTSE Russell last week to discuss the potential reclassification of Vietnam’s capital market. This marks an important moment in Vietnam’s journey from frontier market to emerging market status in 2025—a long-awaited upgrade that has been on the table since 2018.
Semi-liquid strategies test Partners Group’s resilience
First-half numbers posted last week by Partners Group, followed by a sober warning from Morningstar on Monday, suggest that momentum in semi-liquid evergreens may stall if returns continue to disappoint.
RBC BlueBay: A 'cold' moment for Trump
Trump piles pressure on Powell, bond market already priced in new Fed chair.
‘EMD is more than a currency play’
Investors still too often view emerging market debt (EMD) as a simple choice between hard and local currency. That’s a missed opportunity, says Cathy Hepworth, who established PGIM Fixed Income’s EMD team 30 years ago. According to her, the true strength of the asset class lies in its diversity.
Morningstar: Pimco versus Barings in global emerging markets bond – local currency
Local emerging-markets debt strategies took a beating in the last quarter of 2024 but recovered spectacularly in dollar terms in the first half of 2025 with the widely-used JPM GBI-EM Global Diversified index recording a return of 13 percent for the six-month period.
Janus Henderson: Trump’s Pharma tariff threat: implications for European CLOs
Healthcare is the largest sector within the Collateralised Loan Obligation (CLO) universe. Portfolio manager Denis Struc and David Huang explore how to navigate this environment for CLO investors.