Thornburg Investment Insights

We break down competitive advantages in private real estate and how macro dynamics — from tariffs to AI infrastructure — are reshaping the investment landscape for sophisticated allocators.

From multifamily to industrial to office obsolescence, we walk through how to evaluate U.S. real estate opportunities — including underwriting metrics, capital stack mechanics, and emerging macro trends.

Entering 2026, markets appear imbalanced, with equity returns becoming increasingly concentrated, while fixed income offers asymmetric outcomes with limited downside protection. Opportunity still exists, just not where it's most crowded. In 30 minutes, we cut through the noise and focus on what's working, what's changing, and where to position client portfolios now.

Hear insights from Ferrari's Capital Markets Day and meetings with Brunello Cucinelli, exploring how luxury brands balance exclusivity with growth in global markets.

We evaluate shifting consumer spending patterns amid global macro and geopolitical headwinds.

Field research in Europe illustrates how active management and fundamental work uncover quality non-U.S. equity opportunities in the $1.7T global luxury space.

Why active, fundamentals-led ESG can boost earnings and multiples vs. passive ESG in global equities and may lead to better outcomes for investors.

Thornburg client portfolio managers discuss how active management can help investors identify sector opportunities and navigate current economic conditions.

Thornburg Client Portfolio Managers discuss the latest corporate earnings and how tariff impacts will slowly start to creep into the data.

Thornburg Client Portfolio Managers discuss the latest corporate earnings and how tariff impacts will slowly start to creep into the data.