Viewpoints

U.S. policy uncertainty means Europe might now be going from stagnant economic laggard to a potential oasis of calm for investors. Revisions to German spending plans should help to deliver a growth boost to the bloc in 2026 and beyond.

The U.S. real estate market held steady in the first quarter as solid underlying fundamentals provide a foothold for rising tariff headwinds.

High yield bonds and loans remain fundamentally sound, with attractive breakevens and a solid margin of safety against default losses. With further volatility likely, we expect both challenges and opportunities to emerge.

Germany’s potential fiscal support and debt brake reform are creating a supportive environment for German equities—but risks remain on the horizon.

The real estate recovery continues to gain ground, but at this moment the new U.S. President—and the potential impact his policy agenda could have on property fundamentals and values—is top of mind.

The U.K. led the rest of the world’s property markets in 2024—but now faces higher U.S.-style interest rates, and a much cooler Eurozone-style growth climate.

High yield bonds and loans have proven their ability to weather uncertainty and look well-suited for an environment in which rates, and potential rate volatility, may remain front-and-center.

Our investment professionals explore the trends, risks, and opportunities likely to shape global direct lending markets in the year ahead.

In an environment characterized by change, our real estate debt and equity experts weigh in on the challenges and opportunities investors are likely to encounter across the global real estate markets in the year ahead.