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2025 Q2 MACRO OUTLOOK
Vantage Point: Tariff turbulence
The US economy faces new challenges amidst trade tensions, market volatility, and shifting policies. Europe and China, though affected by US trade policy uncertainty, show resilience thanks to lower starting valuations and fiscal support.
Our most likely scenario sees economic turbulence impacting equities and earnings but avoiding a recession. Read the latest Vantage Point below for more.

Top picks

The investment firm reflects on markets of the past five years and the impact this has had on Walter Scott clients, and outlines its intentions and strategies for the future…

Market volatility shows no signs of reducing. Insight Investment believes this presents opportunities for absolute return bond strategies that aim to generate positive returns regardless of the market environment.

It’s been a tricky couple of years for parts of the alternatives sector. Higher interest rates saw capital flow towards the bond market instead, while many pension funds offloaded alternatives as they de-risked portfolios. But is now a better environment for real assets? Newton head of mixed assets investment, Paul Flood, discusses.

Considering the volatile global landscape, can some stability be found in UK Gilts? Here, Insight Investment’s Dave Hooker, senior portfolio manager and lead on UK bond strategies, shares his outlook on Gilts.
REPORTS
Task Force on Climate-Related
Financial Disclosures Entity
and Product Reports - 2023
REPORTS
Consolidated Assessment of Value Report
October 2024
Welcome to our latest Assessment of Value Report.
The value of investments can fall. Investors may not get back the amount invested.
Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.