June 2025 top papers
We present the best-performing papers from June 2025 by number of downloads.
Private Markets Outlook: Driving Success in Volatile Environments (State Street)
State Street's fourth annual study reveals a new reality – 55% of survey respondents believe that at least half, if not more, of private markets fundraising will come through semi-liquid retail-style vehicles within the next two years.
Secular Outlook: The Fragmentation Era (PIMCO)
With the world order in flux, investors can look to fortify portfolios by diversifying across global markets and capitalizing on attractive, high-quality yields.
The Path to 2075 — The Positive Story of Global Aging (Goldman Sachs)
Although rising public sector pension costs remain a concern for some economies, the most effective means of counteracting the impact of aging on dependency ratios is to extend working lives.
Portfolio Construction: A Simple Formula to Assess Risk Reduction (PMR)
Investors only need 30 to 50 assets to reach the optimal level of diversification in most cases. Beyond this, investors will see diminishing risk-related benefits, especially when average correlations are between 20% and 80%.
Why Emerging Markets Are Back in Focus (Robeco)
Emerging markets are stepping into the spotlight as developed economies grapple with volatility and policy uncertainty.
2025 Midyear Investment Outlook: The Global Reset (Invesco)
The global economic and political landscape is shifting rapidly, marked by a broad reordering of trade relations and political alliances around the globe.
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.
Passive Aggressive: The Risks of Passive Investing Dominance (Research Affiliates)
Passive capitalization-weighted index funds now surpass active management in aggregate investor allocations.
Global Trends and Tactics in Real Estate 2025 (Nuveen)
Discover the latest real estate market trends and dive deeper into regional market and sector conditions in Nuveen Real Estate’s quarterly report.
Will the Bond Vigilantes Be Kept at Bay? (MUFG)
Fiscal expansion, rising debt, and deficits and higher structural rates are emerging as core market themes in 2025.
