Explore different forms of capital and what they mean to you

Uncertainty reigns but global GDP will most likely continue to grow at a decent clip in 2025, with the US outperforming other DMs thanks to tech innovation, resilient consumer spending, pro-cyclical fiscal policy, and a regulatory rollback under President Trump. His agenda, particularly on trade, brings risks to the US economy too of course. But Europe and China have more to fear given their weaker economic fundamentals, greater trade openness, and Trump’s stated foreign policy priorities in Europe and Asia. Europe seems particularly vulnerable as it faces political instability at home, rising indebtedness (without the dollar), and proximity to the war in Ukraine. Inflation stickiness looms large, and central banks have recently pushed back on dovish market expectations for 2025. Against this backdrop, stretched valuations in equities and tight credit spreads leave little room for error. Volatility seems inevitable.

This month’s UK real estate update highlights sustained confidence in the market, with significant activity from domestic and international investors. London’s office market continues to lead, with strong leasing performance, record-breaking rents, and a growing appetite for flexible, sustainable spaces.

This month we discuss the market reaction to Donald Trump’s emphatic victory, and Europe’s struggles amid political paralysis in Paris and Berlin.

In this article, Maria Villax explores how intangible elements—such as interpersonal relationships, intrinsic motivation, and connection—play a critical yet often overlooked role in driving family enterprise success.

In this article, Kydd Boyle, Vice President of Strategic Partnerships, shares his key takeaways from the Nexus European Summit. Highlighting the impactful discussions on social change and how families can cultivate their values and purpose to drive meaningful transformation beyond financial wealth.