1. Relative spreads and credit quality take precedence over rate movements
Amid shifting US trade policy, a slowing global economy and persistent volatility, Nuveen’s Global Investment Committee remains constructive on selective asset classes, particularly US large caps, infrastructure, municipal bonds and real estate. In its mid-year 2025 outlook, the committee outlines five key themes that seek to cut through the “noise” and identify where long-term opportunities lie.
Despite fears around inflation, rising tariffs and geopolitical instability, Nuveen believes that the right allocations across public and private markets, with a strong emphasis on credit quality and thematic alignment, can help investors withstand a choppy second half of 2025.
