Market GPS
Portfolio manager outlooks 2026
Investment team insights to help you navigate the risks and opportunities ahead. Explore asset class overviews and more focused outlooks from our portfolio manager experts.
Equities
Featured Outlook
Positioning portfolios for a transformative era
In their 2026 outlook, Lucas Klein and Marc Pinto discuss how AI and structural reforms, especially in Europe, present opportunities for selective investors.
Capitalizing on volatility in sustainable equities – a strategic approach to uncertainty
Portfolio Manager Aaron Scully explores three key macro themes: AI adoption, stimulus driving economic momentum, and rising risks in private credit.
Still early innings in the AI investment cycle
Three years after the launch of ChatGPT, we are still in the early innings of the AI revolution, with most of the technology’s economic gains yet to be realized, says Denny Fish.
Global smaller companies: primed to outgrow the giants in 2026
From underdogs to potential frontrunners: are small caps ready for a resurgence in 2026?
Fixed Income
Featured Outlook
Building resilience in 2026
Alex Veroude explains why the credit cycle in fixed income still has further to run in 2026 but why investors should build some resilience into their portfolios.
2026 Outlook: Capturing opportunities in a new era of policy priorities and growth
As we step into 2026, global markets are entering a new era where geopolitics and policy priorities increasingly overshadow traditional market forces. Jay Sivapalan, Head of Australian Fixed Interest shares the investment outlook for 2026 and explores the opportunities for investors.
Alternatives
Diversified alternatives: Why you need a ‘Plan B’ in 2026
Investors need a new playbook for a period of potentially significant geopolitical and economic change
Why private credit’s asset-backed finance is coming of age
Private credit is expanding rapidly – and asset-backed finance (ABF) is leading its next phase. In 2026, we believe the winners will be defined by transparency, data precision, and disciplined execution.
Featured Insights
Panel discussion
Our experts from across the asset classes discuss their views on the route ahead and how to position accordingly.
12 December 2025
There is no guarantee that past trends will continue, or forecasts will be realised.