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After years of climate taking center stage in impact investing, the social side of the coin is starting to receive more investor attention. Find out what’s been driving the increased interest, and why the timing matters.

A first-year review of European Equity Income Plus: performance, income distribution and resilience across turbulent markets. We examine how the strategy’s three building blocks responded to sharp drawdowns, a V-shaped recovery and geopolitical shock as the fund enters its second year.

Los esfuerzos por la soberanía energética y la competitividad están impulsando la transición de un sistema basado en recursos finitos extraídos y precios volátiles hacia otro centrado en tecnologías generadas, cuyos costes disminuyen a medida que aumenta la producción. Invertir en todo el espectro con un enfoque activo brinda la oportunidad de acelerar la transición y participar en sus beneficios.

Las reformas de gobernanza de Corea abordan el «descuento coreano» mejorando la transparencia y los derechos de los accionistas minoritarios. Medidas como la cancelación obligatoria de acciones propias y una mayor independencia del consejo de administración buscan liberar valor corporativo e impulsar valoraciones más justas. Un paso fundamental hacia unos mercados más equitativos.

Los mercados actuales se parecen a la fábula de Esopo «El pastorcillo y el lobo», ya que muchos inversores se han acostumbrado a restar importancia a los riesgos tras años de caídas superficiales y efímeras y de rápidas recuperaciones impulsadas por las intervenciones de los bancos centrales. Creemos que esta complacencia ha dado lugar a valoraciones más elevadas y a una menor actitud defensiva, lo que ha generado mayor fragilidad estructural.

Despite the global ESG backlash, companies are continuing to work toward sustainability goals. The Conviction Equities Boutique’s Engagement Report captures the trends emerging for their dialogues and explains the team’s approach.

Equity markets have become concentrated in a handful of mega-cap stocks, leaving many high-quality small- and mid-cap (SMID) companies overlooked. But what does the combination of concentration, valuation, and structural megatrends mean for investors?

Railroads play a critical role in facilitating the efficient movement of goods and essential commodities in North America. Over the last thirty years, railroads have evolved from heavily regulated businesses with returns at or below their cost of capital into lightly regulated and capital-efficient networks distinguished by infrastructure that is difficult to replicate. This article discusses the investment merits of listed railroads and examines how the recent industry dynamics will impact future growth.

La inteligencia artificial (IA) puede ser uno de los mayores avances tecnológicos, pero aún es pronto para saberlo. La historia demuestra que la rentabilidad de las inversiones no siempre se corresponde con el entusiasmo por la innovación. Sin embargo, sí sabemos que los fundamentos económicos no han cambiado, lo que implica que las inversiones deben autofinanciarse y ofrecer rendimientos adecuados para ser sostenibles.

Vontobel’s Ed Walczak is among a small number of portfolio managers active today who were also managing money during the dot-com bubble. Ed compares the two time periods and explains how having zero exposure in tech and telecom in the dot-com era, while unpopular, rewarded his investors.

Las acciones de mercados emergentes tuvieron un gran año, pero ¿eso significa que los inversores han perdido la oportunidad? Creemos que no. De hecho, consideramos que 2025 fue el primer año de cambio positivo en al menos dos factores estructurales clave, lo que podría marcar el inicio de un nuevo ciclo favorable para esta asset class.

The 2026 Large Language Models Outlook examines the current state of artificial intelligence as it relates to LLMs, highlighting diversity, specialization, and global competition. Learn how open- and closed-weight models, regulatory approaches, and strategic deployment are shaping industries today, from finance to mathematics, and explore the trends likely to define AI’s trajectory in the year ahead.

The turbulence and uncertainty that defined stock markets in 2025 kept investors on their toes. 2026 offers grounds for optimism.

AI is expanding what systematic investing can achieve — from unlocking deeper insights in complex data to building more adaptive, responsive portfolios. This piece explores the shift from classical quant to Quant 2.0 and what a more adaptive, data-driven future could look like.

Si bien el potencial de la inteligencia artificial sigue siendo atractivo, su dominio en el mercado y la dependencia de financiación externa generan vulnerabilidades. Al buscar oportunidades en áreas de crecimiento previsible y resiliencia —tanto dentro como fuera del ecosistema de IA— consideramos que los inversores pueden gestionar mejor las incertidumbres que se avecinan.

El equipo de Income analizó la rentabilidad del índice Euro Stoxx 50 Buy Write, una sencilla estrategia de opciones cubiertas, a lo largo de 25 años. El artículo muestra cómo se comportaron los diferentes factores de rentabilidad a lo largo de los ciclos y proporciona un contexto para los patrones de ingresos a largo plazo dentro de las estrategias de ingresos de renta variable europea.

AI models don’t have to be black boxes. In the final article of our Expl(AI)ning series, discover how SHAP values reveal the contributions behind model predictions, enhancing transparency and trust in AI-powered investing. See how we use these insights within our AI Powered process.

Leaders in the video game industry, such as Tencent Holdings, NetEase, and Capcom, offer a distinct blend of predictability and growth through a combination of "Evergreen" titles and new game pipelines. These firms have generated recurring revenues and compounded earnings at approximately 20% annually over the past decade.

Can the top 2% make all the difference? The quantitative team tested an AI-powered stock picker across 20 years of data. By analysing hit rates alongside market concentration and dispersion, they uncovered fresh insights into portfolio management. Discover how AI reshapes investing in our latest article.

En 2025, las operaciones de momentum impulsadas por IA y el predominio del valor fuera de EE. UU. marcan el mercado. Sin embargo, la sostenibilidad de estas tendencias es incierta, especialmente por el retorno de la inversión aún no comprobado de las inversiones en IA. En este contexto, las acciones de calidad destacan como una opción prudente, ofreciendo resiliencia y potencial de crecimiento estable.

Backtests can mislead—or unlock real edge. In Part II of our mini-series, we show how to avoid common pitfalls, cut through bias, and turn backtests into a reliable tool for decision-making. Practical, actionable, and built for real-world investing.

Backtesting can reveal powerful insights—or create dangerous illusions. In Part I of our mini-series, we show how biases and shortcuts can inflate results, using a simple momentum strategy as an example. Learn why careful design matters before moving from simulation to real-world investing.

Swiss equities are often seen as a safe haven, but they come with their own challenges. These can be tackled elegantly.

The success of an equity portfolio depends on the selection of the underlying companies. In today’s changing world, innovative, diversified, and agile companies have a clear advantage, according to our Swiss Equities Team, which closely monitors 140 Swiss companies and assesses their quality through regular meetings and site visits to gain insights into their corporate culture.