RBC Global Asset Management
The latest research and outlooks in the ProAllocate library
- Macro
Investor Insights: US midterm elections
Analysts argue the Democrats' larger-than-expected midterm sweep is only a mild drag on US GDP and equities over the next one-two years, since the White House retains control of tariffs, foreign policy and vetoes. They expect slightly lower bond yields, a modestly weaker dollar, and state-level AI data-center regulatory risk, but caution against overstating the policy shift.
- Equities
Weathering the storm – climate risks, premiums, and what it means for investors
RBC's David Howells argues climate change and rising natural catastrophe losses are driving insurance premiums higher, favouring diversified, well-underwritten insurers while raising tail risks of uninsurable regions and government backstops.
- Macro
Economic webcast - November 2026
A macro webcast argues the global economy remains more resilient than expected, but high oil prices, sticky inflation, rising bond yields, French fiscal strain and AI-driven market anxiety pose fresh risks. It also flags tentative signs of recovery in China's housing market.
- Macro
Escalation after mid-terms?
The report argues that a deteriorating macro backdrop—driven by potential Middle East escalation, surging gas prices, and resurgent inflation—will force further rate hikes from the Fed, ECB, BoE and BoJ. It also contends Brazilian asset repricing after Lula's election has overshot, presenting a retracement opportunity.
- Macro
Global Equity Investor Insight | October 2026
RBC's Jeremy Richardson argues that geopolitically driven energy costs, rising sovereign and corporate yields, and the expanding AI CapEx cycle are becoming dangerously intertwined, straining capital markets. He advises managing portfolio risk conservatively while watching for resolution via lower energy prices or successful AI IPOs.
- Macro
Markets with Mike | October 2026
RBC BlueBay's Mike Bell argues UK inflation will climb toward 4% on rising fuel, energy and food costs, while the labour market is weaker than headline data suggests. He expects the Bank of England to reluctantly hike rates, though by less than markets currently price.
- Fixed Income
Has the sell-off in France gone too far?
French political turmoil has pushed OAT-bund spreads above 175bp, but the author argues this reflects idiosyncratic French fiscal strains rather than EMU break-up risk, seeing value in Eurozone sovereign credit. Elsewhere, Fed hikes are largely priced in, tech wobbles may curb future tightening, and energy-driven inflation remains the key risk.
- Equities
Scale, scope and strategy: the pillars behind China’s battery dominance
RBC Global Asset Management's Asian Equity team argues China's battery industry dominance, built on scale, state support and vertical integration, gives firms like CATL and BYD a durable moat. This positions Chinese battery champions as central beneficiaries of the global decarbonisation and EV adoption trend, offering equity investors structural growth exposure.
- Investment Industry
Making the case for an integrated asset manager
The piece argues that as public and private markets converge, investors should favour integrated alternatives managers offering shared research, unified risk management and a single client relationship over siloed specialists. It outlines criteria—consistent track record, shared desks, unified governance—to distinguish genuine integration from marketing claims.