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’26 Investment Outlook

Role Reversal

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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

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