Americas CIO View

Investing in a Fog of War and Haze of AI Transition

When gas determines power

Correlations in times of energy stress

War-weary investors turn back to AI

Seven weeks of war in the Persian Gulf, traffic through the Strait of Hormuz remains disrupted, and shortages of raw materials are becoming noticeable. Yet investors are betting on peace negotiations and a swift normalization.

How oil shocks can breed demand destruction

When it comes to oil, the price spikes grab attention. Their more lasting effect may be demand that disappears - and does not fully return.

CIO View Portfolio: Perspectives

By: Vincenzo Vedda

In our monthly Multi-Asset update we describe the translation of our CIO View into the CIO View model portfolio.

Gold in the stress test

How the precious metal behaves relative to the S&P 500 across different market phases.

Energy shocks fade. Their echo does not.

When prices jump, households adjust fast. Their expectations do not.

What’s driving private-credit valuations?

Taking a closer look at what’s happening in BDCs

2026 Q1: Energy & nature investor

By: Michael Lewis, Steffen Kutscher

Quarterly highlight: Navigating mega-forces

Oil shocks don’t bite like they used to

Decades of efficiency and electrification have defanged a once-feared macro risk — even as Middle East tensions keep markets jumpy.

Financing German first-of-a-kind technologies critical to Europe’s future

By: Michael Lewis, Ian Bigelow

The scaling of proven first-of-a-kind technologies is crucial for competitiveness and opens up new opportunities in growth financing in Germany and Europe.

Americas CIO View

Time to Turn Back?: Return to Growth or seek US equity alternatives?

U.S. and Israel strike Iran

Market impact likely hinges on the scale of oil-supply disruption

APAC CIO View

By: Ivy-sw Ng, Christy Lam

Charging Ahead: Electrification in Asia

A sunny 2026 for the Australian dollar?

The Australian dollar currently has a wide range of monetary, economic and political factors on its side