2 March 2026
Paul Kalogirou, Head of Client Portfolio Management, Asia & Global Multi-Asset Solutions

Recent geopolitical tensions involving Iran have renewed focus on oil prices and their potential economic and market effects. Paul Kalogirou, Head of Client Portfolio Management, Asia & Global Multi-Asset Solutions, shares latest views on it.
The case for liquid real assets in a shifting inflation regime
For over a decade, global investors operated under the assumption that inflation would remain subdued, anchored below 2% - a belief reinforced by central bank credibility and structural disinflationary forces like globalisation and technological deflation. However, the post-pandemic world has ushered in a new regime of structurally higher inflation risks, with evolving policy responses that make liquid real assets increasingly attractive.
Greater China Equities: Perspective for Q4 2025
Heading into the final quarter of the year, we remain constructive, supported by the US Federal Reserve interest rate cutting cycle, Mainland’s demand-side stimulus, strategic priorities outlined in the 15th Five-Year Plan, continued recovery in corporate earnings and robust fund inflows.
Q&A: Potential market impact of a US government shutdown
The US Senate failed to pass a last-minute funding deal, triggering the first federal government shutdown in nearly seven years starting from 1 October. Our Multi-Asset Solutions Team shares insights on how markets have responded during past shutdowns, and how investors can position themselves amid the uncertainty.
The case for liquid real assets in a shifting inflation regime
For over a decade, global investors operated under the assumption that inflation would remain subdued, anchored below 2% - a belief reinforced by central bank credibility and structural disinflationary forces like globalisation and technological deflation. However, the post-pandemic world has ushered in a new regime of structurally higher inflation risks, with evolving policy responses that make liquid real assets increasingly attractive.
Greater China Equities: Perspective for Q4 2025
Heading into the final quarter of the year, we remain constructive, supported by the US Federal Reserve interest rate cutting cycle, Mainland’s demand-side stimulus, strategic priorities outlined in the 15th Five-Year Plan, continued recovery in corporate earnings and robust fund inflows.
Q&A: Potential market impact of a US government shutdown
The US Senate failed to pass a last-minute funding deal, triggering the first federal government shutdown in nearly seven years starting from 1 October. Our Multi-Asset Solutions Team shares insights on how markets have responded during past shutdowns, and how investors can position themselves amid the uncertainty.