Allianz Research

Powering ahead:
Global Wealth Report 2025

From kickoff to cash flow – Taking the 2026 Football World Championship on tour

The Football World Cup 2026 will be the largest tournament in football (soccer) history and a structural departure from previous editions, expanding from 32 to 48 teams and from 64 to 104 matches across 16 host cities in the US, Canada and Mexico.

Emerging markets in a fragmented world: From geography to resilience - the 4Rs framework

The Iran war marked the first major oil shock that did not trigger a broad emerging markets sell-off. Markets repriced countries based on strengths and weaknesses rather than the traditional EM–DM divide. 

Weed out the laggards: Sustainability as a credit filter

Financial fundamentals remain the primary drivers of credit risk. Across more than 7,400 companies and 280,000 firm-year observations, profitability (ROA), leverage and size collectively explain the vast majority of variation in credit risk.