Ecofin Portfolio Manager Michel Sznajer examines his strategy’s performance after previous peaks in bond yields and identifies potential takeover targets amid falling valuations and improving earnings prospects. Read his latest insight on the investment case for the sector—and the risks that could keep it under pressure.

Balanced convertibles are once again delivering meaningful equity participation while outpacing investment grade credit. Davide Basile, Portfolio Manager, Redwheel Convertible Bonds, argues that convertibles have reached a turning point, read more in his latest insight.

Two holdings in the Redwheel Global Equity Income strategy have agreed to be acquired this year, while a third has attracted takeover speculation – rare for a strategy invested in large, liquid companies. Nick Clay, Portfolio Manager, considers what this may reveal about the opportunity in durable businesses overlooked by a market fixated on a single theme.

Despite persistent outflows, global investor underweights and little direct exposure to the AI-led market rally, UK equities have generated strong relative returns. Larry Furness, Redwheel Value & Income, examines how low valuations, share buybacks, takeover activity and the recovery in value stocks have contributed to that outcome.

Davide Basile, Lead Portfolio Manager, Redwheel Convertible Bonds, marks the first year of Redwheel’s Enhanced Index Focus Convertibles strategy. He explores the case for balanced global convertible exposure and explains how the Strategy’s three implementation levers seek to offset fees and enhance net returns.

Natural capital is often framed as a narrow sustainability theme. A more useful way to think about it is that the biodiversity it supports and the ecosystem services that flow from it are part of the operating backbone of the real economy: the water, waste and environmental systems that allow cities to function, industries to expand and societies to remain productive under tightening resource and regulatory constraints. That is why the investable universe for natural capital solutions is broader, and more economically relevant, than it is often given credit for.

The datacentre power supercycle is rewriting the investment case for utilities. Jean Hugues de Lamaze, Portfolio Manager, Redwheel Ecofin Listed Infrastructure, explores how surging datacentre electricity demand is colliding with ageing grids and an unfunded infrastructure capex cycle in North America and Europe.He highlights the areas of the market he believes are best placed to capture the “datacentre power premium”, from baseload generators with spare low carbon capacity to grid owners modernising networks.

As global equity indices become ever more concentrated, staying close to a benchmark can carry risks investors may not fully appreciate. Filippo Neumaier in Redwheel’s Value & Income team examines why higher tracking error can sometimes be the consequence of maintaining a genuinely diversified portfolio.

The Redwheel Emerging and Frontier Markets team explores the concentration challenge facing investors today and maps out under‑owned countries, sectors and themes that the team believes offer a richer blend of structural growth and genuine diversification.

Shaul Rosten, Analyst with the Redwheel Value and Income team looks at the striking similarities between today’s market exuberance and the dotcom era, highlighting stretched valuations, record IPO activity and the dominance of the technology sector.