Portfolio Large

As this divergence widens, the defining challenge is no longer whether infrastructure can be financed — it is whether infrastructure can scale through systems capable of operating at institutional scale. Institutional portfolios do not require uncertainty to be eliminated. They require uncertainty to become observable, measurable, governable and priceable within portfolio...

The global economy has entered a structural regime in which artificial intelligence, energy, and infrastructure systems converge into a single allocation problem. Institutional capital is not constrained by availability. It is constrained by the supply of infrastructure systems that meet mandate, benchmark, and governance requirements at scale. Sovereign Infrastructure is...

From a certain perspective, 2025 looks extraordinary. If we encountered our planet today as an alien species, without fear or favor, what would we see? A growing population of eight billion people in the midst of unprecedented expansion and growth; staggering opportunities after tens of thousands of years of stagnation. Even...

With increasing investor appetite for low-cost funds, the low-expense ratio environment may be here to stay with active management finding a home inside the exchange-traded fund (ETF) wrapper. Expanding the product lineup into alternative investment offerings such as private credit and evergreen or hybrid fund structures, as well as investing in...

The global EY organization has been assessing investor sentiment on corporate sustainability performance – also known as environmental, social and governance (ESG) performance – for over a decade. During that time, there has appeared to be an increasing trend for institutional investors to care about, and embed, ESG into their...

Climate change impacts are here. And they are here in force. In 2022 alone, several tragic records were broken and the trend toward more frequent, extreme weather events becomes increasingly apparent with every year that passes. Adaptation is a necessity. Despite decades-long warnings and increasingly desperate calls for action, the...

Net-zero-aligned portfolios (NZPs) are dynamically constructed so that their carbon footprint—defined as the market share of the carbon footprint of constituent stocks in the portfolio—is shrinking over time to achieve a net-zero (NZ) footprint by a target date (typically 2050). The basic aim of NZP construction is to reduce the...

This report provides data on default and loss rates in the sovereign lending of the Asian Development Bank (ADB) from 1990 to 2023. Its analysis finds zero loss of principal, interest on principal, or fees on the more than $250 billion of loans disbursed during this 34-year period. The average...