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’26 Investment Outlook

Role Reversal

Download the Outlook report

Key takeaways

Role Reversal

Role Reversal

There are major shifts under way in the macro and policy environment, and the performance and behaviour of key asset classes are changing too
Broadening Out

Broadening Out

Market leadership is expected to ‘broaden out’ as US GDP and profits growth converge with other economies. EM and laggard sectors may catch up
Diversify the Diversifiers

Diversify the Diversifiers

Faced with a complex macro and market backdrop, investors can seek “bond substitutes” in liquid alternatives like hedge funds, real assets, and private markets

Discover our Investment Outlook 2026 insights and themes

Investment Outlook report

This information shouldn’t be considered as a recommendation to invest. The views expressed above were held at the time of preparation and are subject to change without notice.

Risk warning

The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. Any views and opinions expressed are subject to change without notice. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such forecast, projection or target. This webpage has not been reviewed by the Securities and Futures Commission. The information provided does not constitute any investment recommendation in the above mentioned sectors, asset classes, indices or currencies.

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