Beyond U.S. equities: Exploring new global opportunities

Equity markets under review

It’s no secret that allocators have been actively seeking to diversify away from U.S. equities following the policy turbulence sparked by the White House earlier this year. Yet navigating the vast and complex landscape of international equity markets presents its own challenges. Insights from the likes of AQR, UBS Asset Management and Driehaus Capital, offers valuable guidance in identifying promising opportunities.

Equity Market Focus: Interrogating the Historical Data (AQR)

Over the very long run, U.S. equities have earned almost 7% real annual compound return, and rolling 10-year returns have rarely been negative.

Nintendo: More Than a Game Maker (Orbis Investments)

At around 27x forward earnings, Nintendo’s valuation is above the global average, and not obviously cheap. However, there may be some upside potential.

Buffett's Intangible Moats (Sparkline Capital)

Two months ago, Warren Buffett took the stage at the Berkshire Hathaway annual meeting, as he has every year for the past 60 years as its CEO.

A New Dawn for European Equities (BNP Paribas AM)

European equities are looking increasingly appealing. Investors can find out why this is the case by watching this short video.

The Silent Engine of Equity Markets: Why Consumer Health Matters (MFS)

For compliance reasons, this paper is only accessible in certain geographies

The author demonstrates how and why the health of the consumer is a silent, yet powerful, engine driving equity markets.

Not All Dividend Stocks are Safe. Here’s What to Avoid (Morningstar Indexes)

“Dividend traps” are stocks that lure investors with the promise of a substantial payout that ends up as unsustainable.

Must Value Be Anti-Growth? (Research Affiliates)

The return to a stock over a given period can be decomposed into the fundamental components of dividends received, earnings growth, and the change in valuation of those earnings.

Bear Market Playbook (CFA Institute)

Data shows that the median drawdown for recessionary bear markets is -35%, about 50% deeper than non-recessionary bears.

Alpha Opportunity in a Less Efficient Market Segment (Driehaus Capital)

Historically, relative performance cycles between EM and global equities have demonstrated two key features. Read more.

Global M&A 2H 2025 Outlook (Goldman Sachs)

This survey shows that M&A dealmaking has been on the rise despite macroeconomic headwinds and geopolitical uncertainty.

Watching for a Renaissance in China Equities (UBS AM)

Chinese equities are experiencing a long-awaited turnaround this year. Here is what investors need to know.

Chowing Down on the Cheap (Bank of America Institute)

The U.S. restaurant and grocery sectors are going through some interesting changes, the data suggests.