Swiss Life Asset Managers
The latest research and outlooks in the ProAllocate library
- Private Markets
Compass Impulse: trends in infrastructure and real estate — November 2026
This piece argues that Core and Core+ infrastructure assets—spanning toll roads, data centres and energy—can enhance portfolio resilience, drawing on portfolio companies including Brisa Auto-Estradas de Portugal, DataBank and Bring Energy.
- Thematics
Compass Impulse: trends in infrastructure and real estate — November 2026
Compass highlights DataBank, a portfolio company, as a case study in how datacentre infrastructure is becoming essential to meeting surging computing and power demand driven by AI adoption.
- Private Markets
Compass Impulse: trends in infrastructure and real estate — November 2026
Compass Group highlights district heating as a growing component of the energy transition, citing its portfolio companies Bring Energy and Heizwerk Gotthard as examples of this infrastructure investment theme.
- Fixed Income
Perspectives Financial Markets — November/December 2026
Swiss Life Asset Management argues an unwind of AI-related credit and equity trades is supporting government bonds, while robust but narrowly concentrated corporate earnings keep equity markets on a modest upward path. The firm forecasts further rate hikes from the Fed, ECB, Bank of England and SNB despite diverging growth and inflation pressures.
- Emerging Markets
Newsletter Emerging Markets — October 2026
EM fixed income fell in September 2026 as Fed and ECB rate rises, rising Treasury yields and Middle East-driven oil price gains pressured the asset class. Sovereign debt outperformed corporates, and high yield modestly beat investment grade on carry and lower duration.
- Macro
ECB Commentary – Market Update — October 2026
The ECB is expected to hold its deposit rate at 2.50% at its 29 October meeting, with markets pricing a December hike followed by two more in 2027. The comment also downplays concerns over France's debt-financing capacity.
- Macro
Perspectives Special Edition: Artificial Intelligence — October 2026
Swiss Life Asset Managers argues AI is boosting the US economy mainly via software investment and equity wealth effects rather than data-centre construction, while North Asian exporters are the chief beneficiaries of the hardware build-out. It warns rising AI financing leverage and stretched equity valuations pose growing risks requiring careful scrutiny.
- Macro
SNB Comment - CHF Desk Analysis — September 2026
Swiss Life Asset Managers argues the SNB will hold rates steady in December 2026 despite ECB and Fed hikes, citing subdued core inflation and one-off growth effects, before a cautious rise to 50 basis points from 2027.
- Macro
Perspectives Economics — September 2026
Swiss Life's economists review global growth and inflation trends, highlighting rising US long-term rates driven by fiscal deficits rather than inflation, resilient European manufacturing, and China's uneven high-tech-led growth.