APAC CIO View

By: Ivy-sw Ng, Tommy Law

Persistent Rice Inflation: Balancing Inflation and Economic Risks

10 Themes - #5: Could Europe's demographics raise interest in stocks?

Europe’s pay-as-you-go pension system should be supplemented by a funded system. This could also help foster public financial literacy and support Europe's economy.

Silver – a metal of dual purpose in tightening markets

Silver hits record highs on industrial demand surge and supply squeeze

Peeking Through the Hedge

By: Robert Bush

"Any time you take a chance you better be sure the rewards are worth the risk" - Stanley Kubrick

10 Themes - #4: Digitalization meets sustainability

Our digital future is going to need a lot more energy than people think

Role reversal

How Italy and France appear to be switching positions when it comes to the respective riskiness of their government debt.

10 Themes - #3: Stablecoins have the potential to transform the payment infrastructure

Regulated euro stablecoins set the standard for efficiency, liquidity and institutional acceptance

Fed Chairs and Market Returns

By: Jason Chen, Stephen Cianci

How have markets historically reacted to new Fed chairs?

10 Themes - #2: China as relative beneficiary of U.S. trade policy

No country is targeted by U.S. tariffs and sanctions as much as China. But China is also a country that seemed well prepared for Trump's second term. China's stock markets may be benefiting.

From zero to hero?

It is still early days when it comes to judging the likelihood of success in Europe’s drive towards strategic autonomy. But there are potential promising trends, especially on energy infrastructure.

Covered bonds – the success story continues

By: Vincenzo Vedda

Covered bonds may not only offer high security standards, but also attractive valuations.

CIO View: Gateway to Europe

By: Vincenzo Vedda

Europe may be entering a new investment renaissance. Modernisation in defence, infrastructure, the green transition and low‑carbon tech could reshape the landscape. This could create compelling opportunities across multiple asset classes.

10 themes for the year ahead

Which investment themes could be relevant for 2026? An overview of all 10 themes.

10 Themes - #1: European infrastructure as an important foundation of sovereignty

Energy, digitalization and the transport sector are the focus.

German construction industry is divided

Although Germany’s residential construction is weak, other construction sectors, such as civil engineering and specialised construction remain robust