Webinar
Watch our panel as they explore the challenges and opportunities of a global restructuring
and the potential implications for markets.
What's driving investment markets as global dynamics shift?
A restructuring of the world order is changing how we work and invest. As new technologies like AI reshape industries, and countries rethink how they trade and manage money, investors face new challenges and opportunities. Understanding these global shifts can help you make sense of today’s fast-changing economy and prepare for what’s next.
To get the highlights, read the summary here or watch our video to learn more.
Chapter 1
AI & productivity
As labour and capital play smaller roles as economic drivers, productivity becomes the fundamental key to growth. Could AI become the next transformative force on par with railroads, PCs and the internet? What is the balance between technological advancement and AI investment in the US and globally?
Chapter 2
Trade & capital flows
Trade and capital flows are inherently linked. Rebalancing the existing system will likely have multiple macro and market impacts. Shifts driven by US policies have already begun to take effect. We examine three such shifts that may provide clues to the potential impacts of current account rebalancing.
Chapter 3
US debt & dollar
Prolonged US economic strength has attracted the world’s surplus savings. The US dollar’s reserve status has further sustained these flows. As a result, a significant share of US financing has become largely insensitive to interest rate changes. But as the US budget deficit expands, what are the policy levers that could help address the debt challenge? And are there any viable alternatives to the US dollar?
Key takeaways:
- Go global: The US remains a core allocation, but other regions are starting to close the gap.
- Focus on innovation: Historically, the largest gains tend to accrue to companies that deploy new technology to boost productivity, not just those that build it.
- Active, research‑led exposure: With sustained macro uncertainty, fixed income portfolios should be positioned for dynamic allocation. In equities, active investing helps to identify the winners, but crucially, helps avoid the losers.
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