{
  "id": 4101578,
  "title": "Geopolítica e inversión: cambiar de alineación sin cambiar de filosofía",
  "url": "https://urgent.news/2026/08/29/geopolitica-e-inversion-cambiar-de-alineacion-sin-cambiar-de-filosofia",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-29T03:40:00.000Z",
  "source": {
    "name": "El Pais Economia",
    "slug": "el-pais-economia",
    "url": "https://cincodias.elpais.com/opinion/2026-08-29/geopolitica-e-inversion-cambiar-de-alineacion-sin-cambiar-de-filosofia.html"
  },
  "original_language": "es",
  "account": "In the summer when the Moon eclipsed the Sun, the memory of our second global football team's conquest will also be etched in our collective consciousness. However, the methods used to achieve this distinction were vastly different from those employed in 2010. In 2010, the selectors opted for players from eight different teams, with only three players competing outside our borders. Fast forward 16 years, and the national team now reflects a generation from 13 teams, accustomed to varied leagues and playing styles. Despite different approaches, both selections succeeded because their selectors understood the resources at their disposal, the competition context, and each player's role within the group.\n\nThis parallel is unfolding in today's financial markets. The way we select our investments has evolved, just as a good selector would not have chosen players as they did 16 years ago. Investors cannot face current challenges with the same assets that worked in different circumstances. Geopolitical events have become a recurring source of uncertainty, with incidents like Russia's invasion of Ukraine, the war in Gaza, Iran, and pressure on Taiwan challenging the globalisation model we once knew. In this new scenario, geostrategy has gained prominence. Energy security, defence investment, cyber security, protecting strategic infrastructures, and access to rare earths are crucial for guaranteeing economic autonomy, sustaining innovation, and promoting technologies such as AI. The Ukrainian war exacerbated inflationary pressures that were already present after the pandemic, particularly through rising energy and raw material prices, and contributed to accelerating interest rate hikes. When inflation began to ease and central banks started lowering interest rates, geopolitical issues reignited uncertainty about energy supply, inflation, and economic growth. While financial markets quickly recovered lost ground and maintain an uptrend, the fundamental question remains: will the accumulation of conflicts continue to impact economic growth and corporate profits?\n\nThis geostrategic response from countries generates risks but also opportunities that are shaping new investment trends. In recent years, we've witnessed the American stock market and AI as the undeniable stars in portfolios. Although they should remain, AI has moved from being an attractive narrative to a race transforming technological advances into real benefits. To make new decisions, it's essential to broaden our perspective to include other sectors, assets, and markets. Just as in a selection, it's not about changing everything, but rather completing our portfolios with assets that perform complementary functions and react differently when the game changes. The US pressure to increase European defence budgets has driven a long-term trend. This trend benefits not only weapons manufacturers, which already saw strong increases in their stock prices, but also cybersecurity companies, aerospace technology, and critical infrastructure protection. The transition to a new energy model is a top priority for many countries. However, geopolitical volatility affecting gas and oil markets has highlighted the vulnerability of high dependence on foreign energy. The challenge now is to have a balanced energy model that combines traditional sources with renewables, which not only meets environmental objectives but also reinforces energy security in a more uncertain environment. Inflation resilience becomes key, requiring investment in critical infrastructures, electrification, storage, and efficiency to ensure a safe and competitive supply. Many of these challenges require large amounts of raw materials, reinforcing their importance in the global economy and as investment assets. Rare metals, essential for manufacturing electronic components, medical equipment, and defence systems, are increasingly sought after to diversify suppliers, develop new projects, and promote recycling. Geopolitical uncertainty should not make us doubt our investment strategy, but rather underscore the importance of diversification. This no longer simply means spreading money across assets but understanding the economic and geopolitical risks each asset protects against and considering its role within our portfolio. The described trends open opportunities, but they do not automatically make any choice a good investment. The key is not to chase the latest trend but to build an asset alignment that understands the game being played, not the one already played.",
  "summary": "La defensa, la energía y las tierras raras ganan peso en las carteras a medida que el tablero mundial se fragmenta",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}