Insights you might have missed this week

India-China, Perplexed by Perplexity, and the "Big Beautiful Bill"

Explore some of the highest quality insight collected from top asset managers and institutions that you might have missed this week.

India-China Rapprochement: What Are the Long-Term Prospects? (Bruegel)

India is predicted to experience greater growth than China in the coming decades, meaning China could lose its upper hand in economic relations between the two countries.

A Bit Perplexed by Perplexity (CAIA blog)

The Perplexity herein is a venture-backed startup circa Dec 2023, and their killer app is an AI-enabled search engine tool. According to a recent Wall Street Journal article, the latest funding round should bring in $500 million of fresh capital along with a lofty valuation of $14 billion.

Does China Own Apple? | Patrick McGee (Steve Eisman)

In this episode, Steve Eisman delves into the intricate and often overlooked story of Apple’s manufacturing evolution over the past two decades, focusing on its deep entanglement with China.

Defence-Related Investing Using an ETF (BNP Paribas AM)

Defence-related investing has taken over as the dominant investor theme for thematic exchange-traded funds. If investor flows were focused on technology-related and clean energy exposures in 2021 and 2022, this time is different: flows are now led increasingly and exclusively by defence-related exposures.

Humanoids: The Shape of Future Automation? (UBS AM)

Humanoid robots are poised to revolutionize automation, but their complexity and cost raise questions about their future applications.

Five Little-Known Facts about IG Private Credit for U.S. P&C Insurers (Nuveen)

Investment grade private credit is a consistent top five alternative allocation for insurers, according to Nuveen’s EQuilibrium survey. While often associated with life insurers, interest among P&C insurers is growing.

Quarterly Metals Report Q2 2025 (Sucden Financial)

This report is covers analysis and forecasts for base metals, precious metals, iron ore and steel.

"Big Beautiful Bill" Refines Endowment & Foundation Tax with Tiers (TIFF)

The Endowment Tax proposal aims to expand eligibility and how much those eligible pay. It includes a tiered rate structure based on asset-per-student amounts, and the inclusion criteria would narrow which students can be included in the calculation, for example excluding international students on temporary student visas.