Markets are in a constant state of change. Yields are low, inflation is returning and regulatory complexity continues to expand. At the same time technology is rapidly advancing and people are living longer than ever before, shifting global demographics significantly. This environment has fostered a greater focus on corporate transparency and responsibility, and ultimately is changing how we work, invest and measure risk.
Taking an active, long-term approach, AXA Investment Managers works with its clients today to provide the solutions they need to help secure a better tomorrow for their investments, while creating a positive change for the world in which we all live.
The geopolitical landscape has undergone a significant shift in recent years, with global cooperation and multilateralism giving way to a more fragmented world. Sovereignty and domestic resilience have become central to national policy agendas – not least for Europe, which needs to remain competitive and support its ‘social model’ – based on creating prosperity combined […]
As Europe strives for strategic autonomy, it is ramping up investment in key technologies including artificial intelligence, semiconductors and cloud computing. This structural transformation is, in turn, creating a plethora of potential opportunities for investors. While it is widely acknowledged there is a notable gap between Europe’s overall technology ecosystem and that of the US […]
By Laurent Clavel, CIO and Global Head of Multi-Asset The macroeconomic backdrop remains robust, but so does the balance of risks. There has been no material deterioration in the global growth outlook: US activity remains resilient, Europe has enjoyed a modest improvement and economic indicators point to a broader manufacturing recovery beyond artificial intelligence. Find […]
Strong US growth raises rate risks Oil prices have been the tail wagging the market dog recently and this is likely to continue until the situation in the Middle East stabilises. At the same time, artificial intelligence remains a key factor. Rising interest rates are typically negative for technology and small cap stocks – the […]
Artificial intelligence has rapidly become the emblem of technological progress, promising breakthroughs across industries from energy optimisation to climate risk prediction. Yet behind this promise lies a reality that is far more complex, especially from an environmental and social standpoint. While AI may contribute to climate action and efficiency improvements, the current narrative tends to […]
By Vincent Nichols, Senior Investment Specialist, US and Global Thematic Equities Technological innovations are disrupting virtually every part of the global economy – from consumption, financial transactions, manufacturing, energy and more. And this environment continues to drive huge market momentum. Technology stocks experienced a boom in the second quarter of 2026, with artificial intelligence infrastructure […]
The global transition toward sustainability is facing a complex landscape. Geopolitical tensions and the AI revolution are redefining investment priorities. From the surge in energy demand driven by data centres to the urgent need for water security and food resilience, the environmental asset class is evolving rapidly. Ed Lees, Co-CIO of the Environmental Strategies Group […]
By Johann Plé, Senior Portfolio Manager, Fixed Income and Rui Li, Portfolio Manager, Fixed Income Europe’s fixed income landscape has undergone significant changes in recent years and become a segment difficult to ignore within the global bond universe. While recent market volatility has sent yields higher – 10-year German bonds are at multi-year highs – […]
By Vincent Nichols, Senior Investment Specialist, BNP Paribas AM The period spanning the second half of 2025 and the first half of 2026 marked a watershed moment for smaller US companies, as they outperformed their larger counterparts by some margin – putting the asset class firmly back on the map for investors. The Russell 2000 […]
The UCITS ETF market is on track for another record-breaking year, having already seen inflows in excess of €300 billion. €41.8 billion was added in August, with almost €35 billion channelled into equities ETFs alone. Global (+€18.1 billion) and US (+€9.3 billion) strategies again dominated, while €7.0 billion was added to fixed-income ETFs. For the […]
By Zhikai Chen, Head of Asia and Global Emerging Markets Equities Traditionally, investors have viewed the investment case for emerging markets (EM) equities as predominantly based on favourable demographics, mining and low-cost manufacturing. We believe it is time for a thorough re-appraisal. The current reality presents a striking contrast: EM equities has evolved into an […]
By Chris Iggo, Chair of the Investment Institute and CIO for AXA IM Core, BNP Paribas Asset Management, Daniel Morris, Chief Market Strategist, Co-Head of the Investment Insights Centre and Ecaterina Bigos, Chief Investment Officer, Asia ex-Japan, AXA IM Core (part of BNP Paribas Asset Management) Facing the rate threat Equity markets enter September with […]
By Clément Dupire, Senior Multi-Asset Portfolio Manager, BNP Paribas Asset Management Citadel’s acquisition of Situational Awareness’s artificial intelligence-focused portfolio in late July was one of the likely catalysts for the summer’s AI and momentum market correction. Find out more
By James McAlevey, Head of Global Aggregate and Absolute Return and Vicky Browne, Investment Specialist at BNP Paribas Asset Management Fixed income investors have faced considerable volatility in markets in 2026, driven by a combination of geopolitical tensions, rising inflation and higher levels of issuance. Against this backdrop, we believe there is potential value in […]
By Jack Stephenson, US Fixed Income Investment Specialist The last few months have not been straightforward for fixed income markets. As oil prices surged amid the Middle East conflict and inflation expectations rose, markets repriced the potential path of monetary policy. Even so, the direct impact on US high yield returns has been relatively limited, […]
By Daniel Morris, Chief Market Strategist US exceptionalism was supposed to be last year’s theme. 2026 was all about balance and broadening of growth across countries. That vision has not quite played out. From an economic point of view, the US continues to outpace other major economies. The huge gap in artificial intelligence capital expenditure […]
UCITS ETF inflows surged to a new monthly record in July, breaking the €50 billion barrier for the first time. Equity ETF inflows alone totalled €37.8 billion, and were dominated by global (+€17.8 billion) and US (+€11.6 billion) strategies. Fixed income continued its strong run, adding €11.9 billion over the month. For the full story, […]
By Daniel Morris, Chief Market Strategist; Alessandro Tentori, Chief Investment Officer, Europe; Chi Lo, Senior Market Strategist, Asia Pacific Tilting the balance Equity markets have been balancing two opposing factors. The positive impulse has come from a very strong earnings season. According to Bloomberg data, through to the end of July, reported earnings for […]
By Andrew Etherington, Head of Multi-Asset Total Return, AXA IM Core, part of BNP Paribas AM Find out more
By Chris Iggo, Chair of the Investment Institute and CIO for AXA IM Core, BNP Paribas Asset Management While geopolitical tensions continue to dominate global headlines, one topic remains at the forefront of investor discourse: the technology sector – and more specifically, artificial intelligence and its long-term potential. The subject is ubiquitous, as most agree […]
Watch Laurent Clavel discuss why he is confident that investors should potentially see positive returns in the second half of 2026.
The second quarter presented significant market dynamics shaped by geopolitical concerns and major central banks focused firmly on inflation. Watch Olivier de Larouzière discuss his outlook for fixed income and where he sees potential opportunities.
Watch our Mid-Year Investment Outlook video with Daniel Morris, Chief Market Strategist, and Chris Iggo, Chief Investment Officer, AXA IM Core (part of BNP Paribas Asset Management), to see their analysis of the fundamentals driving the global economy, fixed income and equity markets.
Despite trebling in size since 2020, fixed income ETF (exchange-traded fund) assets remain under-bought in Europe.
Artificial intelligence has moved from experimentation to large-scale deployment and a tangible revenue driver across an ever-broadening range of industries.
The geopolitical landscape has undergone a significant shift in recent years, with global cooperation and multilateralism giving way to a more fragmented world.
Oil prices dropped far more quickly than many analysts expected following the announcement of the Memorandum of Understanding between the US and Iran.
Increased US share issuance is a sign of equity market exuberance, with investors focused on the exceptional outlook for earnings.
The US high yield market has weathered recent market turbulence well, but selectivity is becoming increasingly paramount.
SpaceX’s initial public offering saw the company valued at about $1.8 trillion, which propelled it into the world’s top 10 firms by market capitalisation.
UK investors face another change in political leadership. This could also mean a shift in economic policy with a focus on stimulating growth and addressing the country’s regional inequalities.
In today’s global artificial intelligence (AI) industry, the US leads in frontier models and accelerator design, Taiwan manufactures the most advanced chips, South Korea supplies high-bandwidth memory, and investors crowd into the most obvious winners.
The global macroeconomic outlook was dominated by two themes in the first half of 2026: the Middle East conflict and the continued boom in artificial intelligence-related spending.
Recent volatility in global technology shares has been partly caused by better-than-expected US economic data which led to market expectations for higher fed funds rates in the future.
As Europe aims to grow its economy while safeguarding its own interests, it is placing greater focus – and investment – in areas ranging from defence and manufacturing to energy, food and health. There is one sector, however, that stands out as the cornerstone of European strategic autonomy: technology.
While there may be some areas of excessive optimism, infrastructure spending has generally been in line with demand and mostly funded from operating cash flows. AI products and services continue to be monetized rapidly.
BNP Paribas Asset Management portfolio managers, Pamela Hegarty and Derek Glynn, answer key questions regarding the future of artificial intelligence and investing in the technology sector.
Investors can help determine whether artificial intelligence becomes a net positive for societies and the environment. How they allocate capital and engage with companies and policymakers can play a vital role in the eventual impact of AI.
While geopolitical tensions continue to dominate global headlines, one topic remains at the forefront of investor discourse: the technology sector – and more specifically, artificial intelligence and its long-term potential.
Taking some profit, back to a modest overweight on equities – We moved to our maximum overweight exposure in global equities in early April, once both Iran and the US appeared willing to negotiate a Middle East peace deal. Following a strong US earnings season we have progressively reduced our exposure.
Fixed income performance has been inversely correlated to duration since the start of the Middle East conflict. The best performers have been those with limited duration, high income levels, or with inflation exposure.
The Middle East conflict has triggered a surge in energy and other prices, creating a second inflation shock in four years. Listen to how the short duration inflation-linked bond strategy can be effective in offering protection and a real return – not just a nominal one – in a slowing growth, rising inflation environment.
US small-cap stocks had a strong start to 2026 with the Russell 2000 index significantly outperforming the S&P 500 large cap. Geoff Dailey, BNP Paribas Head of US Equities, tells Daniel Morris, Chief Market Strategist, that the main driver was the artificial intelligence theme.
Day-to-day price movements in markets remain dominated by what is happening around the Middle East conflict. But then one must layer on top of that the overwhelming evidence of the artificial intelligence build-out. Stock markets in Taiwan, Korea, Japan, and the US reached new highs this week.
From a financial market perspective, the Iran war closely resembles previous geopolitical shocks: a sharp but short?lived sell?off followed by a rapid and near?complete recovery in risk asset prices.
For all the shocks following the inauguration of Donald Trump as US president, the word most often used when discussing the economic outlook has been ‘resilience’.
Following a prolonged period of being under the radar, Europe is increasingly coming back into global investors’ focus.
While much of the attention around AI has centred on equities, the technology is increasingly impacting bond markets through new issuance, business model disruption, and enhanced investment processes.
BNP Paribas' Laurent Clavel discusses the effects of current geopolitical volatility on markets and how diversifying across asset classes could offer investors better risk-adjusted returns.
Some investors were puzzled by the sharp drop in oil prices a few weeks ago based on a few – but at times contradictory – social media posts from President Donald Trump (which in any event were then often contradicted by the Iranians).
Where now for the global economy in 2026? How are central banks responding to persistent inflationary pressures and shifting growth dynamics? What do rising bond yields mean for fixed income investors? And can equities continue to show resilience despite geopolitical uncertainty?
Short duration high yield bonds may potentially help investors navigate periods of market volatility while delivering a stable income stream.
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