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PIMCOFixed Income

Rupture and Resilience: 2026 Global Economic Outlook, Geopolitics, and Fixed Income Investment Strategy | PIMCO

PIMCO's 2026 Secular Outlook argues that geopolitical fragmentation, AI-driven capital spending (~$14 trillion over five years), and fiscal strain are widening the distribution of global macro outcomes and accelerating a credit loss cycle in lower-quality debt. The firm recommends diversified, high-quality fixed income portfolios targeting 5%–7% yields in local-currency terms, favouring asset-based finance and publicly traded credit over leveraged and private direct lending.

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Where 44 asset managers are positioned right now, from their latest published outlooks.

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Principal Asset ManagementPrivate Markets

2026 Mid-year Inside Real Estate outlook | Principal Asset Management

Principal Asset Management's mid-year 2026 update on commercial real estate (CRE) argues that the global CRE recovery remains intact despite heightened geopolitical volatility, rising yields, and a narrowing economic margin for error. The report identifies a K-shaped recovery with significant dispersion across property types and markets, highlights data centers and residential as high-conviction sectors, and recommends a diversified four-quadrant approach spanning public/private equity and debt.

17 Jun 2026

Man GroupFixed Income

A Crude Awakening | Man Group

Man Group analyses 22 historical episodes of oil price spikes to argue that today's tight US high yield spread environment (317bps, 12th percentile) removes the recovery cushion that previously offset crude-driven credit stress. The piece identifies Autos and Retail as the most vulnerable sectors, projecting median spread widening of ~80bps and ~49bps respectively over six months, with the Fed's rate path as the key amplifying risk.

17 Jun 2026

PerpetualMulti-Asset

The art of conversation

Perpetual Private outlines the importance of ongoing, personalised adviser–client conversations as the foundation of effective retirement financial planning, drawing on insights from its advisers and client case studies. The piece emphasises that understanding a client's life goals, family dynamics, and evolving needs—rather than products or strategies alone—drives long-term financial outcomes.

17 Jun 2026

First TrustMulti-Asset

Chair Warsh and a New Era for the Fed

First Trust's chief economist reviews the June 2026 FOMC meeting under new Chair Warsh, highlighting a shorter, forward-guidance-free policy statement, a significant upward revision to 2026 PCE inflation forecasts (to ~3.6%), and an evenly split dot plot on future rate hikes. The commentary also covers Warsh's announcement of five Fed task forces to reassess communications, balance sheet policy, data sourcing, productivity, and inflation frameworks from first principles.

17 Jun 2026

Lord AbbettFixed Income

June Fed Meeting Unpacked: Policy Signals Under a New Fed Chair

Lord Abbett hosts a post-FOMC webinar examining Kevin Warsh's first Fed meeting as Chair, covering the June rate decision, updated Summary of Economic Projections (SEP) and dot plot, and implications for rates, inflation, and portfolio positioning. Key topics include the potential shift in Fed communication style under Warsh, labor market signals, geopolitical and energy price impacts on the inflation outlook, and market implications for fixed income allocators.

17 Jun 2026

Lombard OdierEquities

Does a wave of IPOs signal an equity peak? | Lombard Odier

Lombard Odier's CIO EMEA argues that the 2026 IPO wave—led by SpaceX, Anthropic, and OpenAI—does not signal an equity market peak, as issuance levels remain within historical norms and corporate buybacks should broadly offset new supply. The piece maintains an equity overweight tilted toward emerging markets, shifts technology to neutral, adds financials as a preferred sector, and flags a US-Iran oil accord and a steady Fed as key supports for continued gains.

17 Jun 2026

TCWMulti-Asset

Energy Transition Outlook: Security, Scale, and the Cost of Disorder

TCW's cross-asset research argues that energy security has displaced climate as the primary driver of the energy transition, with the Hormuz crisis accelerating capital flows into grids, transmission, and clean capacity as a byproduct of security imperatives. The piece frames a ~2.8°C trajectory and geopolitical fragmentation as structural base cases, recommending broad stack exposure, active selectivity, and focus on infrastructure bottlenecks over benchmark-driven allocation.

17 Jun 2026

Polen CapitalThematic

Webinar Replay: Investing in Themes to Drive Performance | Polen Capital

Polen Capital's Q2 2026 webinar replay (approximately 48 minutes) covers thematic investing as a driver of portfolio performance, with related discussion touching on small-cap volatility, AI narratives in credit, and structural growth forces. The session reflects Polen Capital's disciplined, growth-oriented investment philosophy applied across thematic lenses.

16 Jun 2026

Loomis SaylesFixed Income

Corporate Health Outlook: Sentiment Cools, but Fundamentals Hold

Loomis Sayles' Q2 2026 Credit Analyst Diffusion Indices (CANDIs) survey of ~30 industries finds that forward-looking sentiment has softened—falling below neutral for the first time since mid-2025—driven by rising input costs, oil price pressure, and geopolitical uncertainty. Despite the sentiment pullback, profit margins remain near record levels (~14% for the S&P 500), balance sheets are solid, and the firm favors harvesting carry across US and non-US credit benchmarks given limited scope for further spread compression.

16 Jun 2026

Antipodes PartnersEquities

Webinar: Navigating a narrow market regime

Antipodes CIO Jacob Mitchell analyses the extreme concentration and return dispersion in global equities as of mid-2026, driven by AI-related capex excitement that has pushed hardware semiconductors to the 83rd valuation percentile while leaving software at the 3rd percentile. The webinar outlines Antipodes' defensive, value-oriented portfolio positioning—overweight cheap regions (Western Europe) and selective hardware names (Infineon, Qorvo, TSMC, Nvidia at low-end valuations)—while flagging macro fragility from labour markets, private credit stress, and fiscal deficits.

16 Jun 2026

Fiera CapitalPrivate Markets

Q&A: Building Long-Term Value Through Global Timberland – Fiera Capital

Fiera Comox's Head of Natural Capital, Jeff Zweig, outlines the firm's Global Sustainable Timberland strategy, which targets a diversified portfolio of privately owned, softwood-dominant timberland assets in stable geographies using an own-and-operate model. The strategy is positioned as "core" from a risk perspective and "core plus" from a returns perspective, with active management and sustainability initiatives designed to enhance economic outcomes for long-term investors.

16 Jun 2026

Yarra Capital ManagementFixed Income

Phil Strano: Yields take centre stage again

Yarra Capital Management's Head of Australian Credit Research examines the 2026 Australian credit market, where rising government bond yields (3-year up ~30bps YTD), surging primary issuance (up 29% to $186bn), and tightening credit spreads have made income the dominant return driver for investment grade portfolios. The note argues for maintaining modest interest rate duration as a hedge, anticipating a H2 2026 recalibration where yields fall and spreads widen, while highlighting that IG default rates remain near zero, supporting attractive risk-adjusted returns of 6–7%.

15 Jun 2026