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WisdomTree Insights
WisdomTree’s model portfolio outlook – autumn 2025 blends strategic resilience with tactical precision. Our Global Investment Committee’s views translate into actionable tilts across equities, fixed income, commodities and digital assets - positioning portfolios to navigate fragmentation, policy shifts, and structural megatrends.
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WisdomTree’s model portfolio outlook – autumn 2025 blends strategic resilience with tactical precision. Our Global Investment Committee’s views translate into actionable tilts across equities, fixed income, commodities and digital assets - positioning portfolios to navigate fragmentation, policy shifts, and structural megatrends.
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How should we position for the rest of 2025 and beyond as uncertainty around the US creeps in? Here are WisdomTree’s six high-conviction investment ideas. From a shift away from US equities to looking at investments in nuclear and gold, these six calls exemplify WisdomTree’s mission: delivering innovative, research-driven solutions in a world of constant change.
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Looking back to Q2 2025, the Tariff truce, dollar slump and fresh rate cuts lit a Q2 rally with MSCI World gaining +11.5 %. Value-Size roared in Europe & Emerging Markets (EM) while Growth-Momentum led the US tech charge. Our factor review decodes the rotation, the small-cap revival and the tilts to watch for H2.
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Looking back at 2024, global equity markets exhibited both resilience amid challenges. US equities led, driven by robust earnings and supportive fiscal policies, while Europe and emerging markets continued to face political uncertainties. Growth stocks maintained dominance for a second year in a row, yet elevated valuations raised sustainability concerns. In WisdomTree's latest Quarterly Equity Factor Review we explore Q4's market dynamics and their implications for 2025.
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The Italian government decided to tax for 2 years the extra profits made by banks on interest margin (margin from funding & lending activities). The new tax should weigh more and retroactively on 2022, less on 2023. The impact is expected to be at most 10%, but probably less, on 2023 net earnings. Impact on 2024 earnings remains uncertain. The measure does not affect the current organic profitability of Italian banks, which remains very good. The market reaction seems excessive.
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European equities have ushered in 2023 with a strong rebound. The confluence of China re-opening its economy and prudent management of resources during the energy crisis, alongside better valuations, helped European equities flourish. The deep value parts of the market continue to contribute to positive earnings growth. Governments are loosening their fiscal purse strings again, offering significant support to both consumers and businesses amidst the recent energy shock which should help offset some, if not all, of the headwinds being faced by tighter monetary policy.
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