Category: Public Equity

Most global equity markets are currently in a bubble. A bubble is not merely an asset that has risen sharply in price, nor is it simply expensive by conventional metrics.

Emerging markets have quietly reasserted themselves

Following the drawdown triggered by the escalation of conflict in the Middle East, EM equities have recovered strongly, with the MSCI Emerging Markets Index now approaching prior highs. While this resilience may appear surprising given geopolitical and energy sensitivities, it is important to recognise how difficult this asset class has been historically.

Irish commercial property continues to show clear signs of recovery as we move through early 2026, supported by a resilient economic backdrop.

We have held gold in our multi-asset portfolio for many years despite not being “gold bugs” by any means. Our logic for holding gold was based on economic history. We view gold as insurance and as a store of value when confidence in fiat currencies and financial engineering wavers or collapses.

Is an AI bubble starting to form? Derek Heffernan explores where risks are building – and how selective diversification can uncover attractive opportunities.

We explore how a resilient economy, steady interest rates, and renewed investor appetite are driving growth across office, retail, and industrial markets.

Discover global equity opportunities in Emerging Markets, Developed Markets ex-US, and deep-value US stocks, balancing risk with long-term growth.

In the August 2025 monthly monitor, Gresham House Ireland reviews the risks of AI overinvestment and rising US tariffs, alongside reasons for continued equity market optimism. Discover how supportive fiscal policy, low oil prices and attractive valuations are shaping investment opportunities.

Explore the factors influencing the US Dollar’s trajectory, including Washington’s policy mix, fiscal deficit, and potential short-term catalysts for outperformance. Stay informed with insights from Senior Investment Analyst Kudakwashe Damba.

Explore the factors influencing the US Dollar’s trajectory, including Washington’s policy mix, fiscal deficit, and potential short-term catalysts for outperformance. Stay informed with insights from Senior Investment Analyst Kudakwashe Damba.