Macquarie Asset Management

Aerial view of a high-voltage electricity pylon and power lines standing in the middle of a plowed agricultural field.

ARTICLE

Macquarie Asset Management | 10/07/25

Infrastructure-Adjacent Private Equity: A Balanced Solution for Insurers

We believe there is a significant investment opportunity in the infrastructure ecosystem, driven by, among other factors, an estimated $US7.6 trillion investment gap in the US alone.

ARTICLE

Macquarie Asset Management | 09/09/25

Data centres: Powering the growth of AI and cloud computing

While wind and solar remain compelling renewable energy sources, meeting the escalating demands of the digital economy will also necessitate significant investments in energy storage, grid modernization, and diversified energy solutions. Despite advancements in efficiency, power demand is expected to grow substantially due to the rapid expansion of data centres.

ARTICLE

Macquarie Asset Management | 09/09/25

Equity CIO Note: The path forward: Opportunity amid uncertainty

2Q 2025 commenced with heightened volatility in equity markets but demonstrated a swift recovery, overcoming trade concerns, geopolitical tensions in the Middle East and associated energy market disruptions. As we move into the second half of the year, the confluence of macroeconomic, monetary, fiscal, trade, and geopolitical dynamics continues to be a significant driver of market volatility. We are cautiously optimistic about the outlook for emerging markets, despite the possibility of near-term volatility due to uncertainty over tariffs.

ARTICLE

Macquarie Asset Management | 07/14/25

Fixed Income Strategic Forum: An Erosion of Trust in an Era of National Policy Musts?

Our first Strategic Forum of 2025 provided an opportunity to pause, take a breath, and reflect on the recent volatile markets and economies. This forum, grounded in deep research and robust debate, centered on the fact that we are encountering significant change in global priorities and perhaps the global world order. This shift toward national interests is accompanied by, or indeed requires, a similarly meaningful shift toward a fiscal-led era. However, for many major economies, the starting fiscal position is already challenged, raising concerns of debt sustainability, exacerbated by a high cost of capital and lingering inflation fears. If these critical themes were not enough for markets to grapple with, the heavy-handed execution has also stirred an erosion of trust that, in turn, raises the risk of a reallocation to, or at least reevaluation of, unconscious, overweight positions in US markets. What happens when a policy of musts risks being trumped by an erosion of trust?

PODCAST

Macquarie Asset Management | 07/14/25

Pathways Podcast: Investing Across Asset Classes in a Shifting World

This episode of the Pathways Podcast delves into the complexities of the current macroeconomic environment and its profound impact on asset classes. Daniel McCormack, Head of Research, hosts a discussion with Jüergen Wurzer, Deputy Head of the Global Multi-Asset Team, on navigating today’s volatile investment landscape. They discuss persistent geopolitical tensions, rising protectionism, and lingering inflation concerns that are shaping market dynamics.

ARTICLE

Macquarie Asset Management | 06/26/25

Market Perspectives Webinar: Investing in the Hydrogen Economy: Opportunities and Obstacles

Hydrogen’s clean-burning properties and numerous potential applications give it the potential to play an outsized role in the move towards a low-carbon global economy. But there are challenges on the road to hydrogen adoption. These include prohibitive costs, infrastructure needed to transport it, and competition from other decarbonisation options.

ARTICLE

Macquarie Asset Management | 06/16/25

Equities & Multi-Asset CIO Update: Positioning for Clarity in a Cloudy Market

In-depth analysis of 1Q25 results and a comprehensive outlook on equity markets and how to navigate the evolving landscape in 2025.

ARTICLE

Macquarie Asset Management | 06/16/25

ESG in Emerging Markets Sovereign Debt

In 2025, the financial industry is seeing a significant shift towards a more nuanced approach to evaluating environmental, social, and governance (ESG) factors in sovereign debt analysis, particularly for emerging markets. Unlike corporate entities, sovereign states have unique factual and ethical differences that necessitate a tailored ESG assessment. For example, social and governance scores for sovereigns correlate with credit quality, whereas corporate ESG scores do not. Additionally, while it is acceptable for corporations to fail, the collapse of sovereign states can lead to significant socioeconomic costs. As a result, models have been developed to adjust social and governance scores based on a country's level of development and consider changes in income-adjusted ESG scores as reflections of effort, ensuring that poorer countries are not penalized for low environmental scores.

ARTICLE

Macquarie Asset Management | 05/05/25

Infrastructure Portfolio Allocation: What Could Optimal Look Like?

Explore how adding private infrastructure equity to an investment portfolio can help expand the efficient frontier.

ARTICLE

Macquarie Asset Management | 05/05/25

Infrastructure Secondaries Specialisation Can Unlock Opportunities

The secondaries market presents opportunities for investors to gain immediate exposure to seasoned and high-quality infrastructure assets.

ARTICLE

Macquarie Asset Management | 05/01/25

Unpacking the Credit Mechanics of Infrastructure Debt

Explore the credit mechanisms that make infrastructure debt an attractive asset class, including the potential for attractive yields and portfolio stabilization.

ARTICLE

Macquarie Asset Management | 04/09/25

Market Perspectives Webinar: AI, Data Centres and the Road Ahead

The rapid expansion of artificial intelligence (AI) and cloud computing is driving unprecedented demand for data centres, positioning the sector as one of the most exciting investment opportunities. As the foundation of the digital transformation, data centres offer investors compelling opportunities for growth, resilience, and long-term value creation.

ARTICLE

Macquarie Asset Management | 03/07/25

Pathways: Asia-Pacific Infrastructure: A market with structural growth drivers

Historically, Asia-Pacific (APAC) has demonstrated rapid economic growth, outpacing the Group of Seven (G7) nations and showing strong potential to maintain this trend. Key drivers of this growth include catch-up productivity improvements, institutional development, and favourable demographic trends in areas such as South Asia.

ARTICLE

Macquarie Asset Management | 02/04/25

Trump 2.0 and the implications for energy transition

US President-elect Donald Trump and the Republican control of both houses of Congress is expected to have significant economic and policy implications, particularly for renewable energy. In a recent webinar, we explore the potential impacts for investors and discuss why we continue to believe the US energy transition sector is a compelling investment.

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