Multi-Asset Midyear Outlook: Fortitude Amid Disruption

Published on July 2, 2026

Markets weathered turmoil in the first half, helped by solid earnings with signs of broadening beyond a few AI beneficiaries. If the war in Iran eases, oil prices could normalize, reducing inflation pressure. Still, growth, inflation and policy risks may be underestimated.

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BlackRock’s Tseng to Exit as CEO of Troubled Private Credit Fund

July 2, 2026
The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices.

Beneath the Surface: Uncovering True Diversification in Emerging Markets

July 2, 2026
At first glance, allocating to emerging markets appears to add diversification to a portfolio. Look more closely, and the reality is more nuanced. In the late 1990s, the MSCI EM index was dominated by materials and telecoms, driven by the growth of mobile telephony and the internet bubble.