As geopolitical tensions eased and rate volatility became more orderly, credit spreads retraced and risk sentiment improved despite elevated inflation and energy uncertainty. Watch our latest Global Fixed Income Bulletin video to explore how our portfolios are positioned amid ongoing risks.

Geopolitical tensions and higher oil prices increased dispersion across emerging markets debt, reinforcing the importance of selective, fundamentals-driven investing.

Geopolitische Spannungen und höhere Ölpreise führten zu einer stärkeren Dispersion bei Schwellenländeranleihen und unterstrichen die Bedeutung selektiver Anlagen auf Basis der Fundamentaldaten.

The consumer industry has been transformed by greater transparency, digital distribution and lower barriers to entry. Now, AI looks set to accelerate these trends. While it may unlock efficiency gains, it could also challenge traditional brand power and intensify competition. Which companies are best positioned to adapt? The International Equity Team examines how AI may reshape the next phase of consumer markets.