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.
Will strong earnings growth and policy credibility drive Japanese stocks higher in 2026?
Reasons why Japanese stocks ae positioned for another year of attractive returns in 2026.
Riding the AI wave: How can tech investors harness change and volatility?
Selectivity and valuation discipline are key to investing in tech stocks as as AI continues to drive economic transformation in 2026 and beyond.
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.
Emerging markets hard currency debt stays in the spotlight for 2026
Attractive yield and fundamental diversification makes emerging markets hard currency debt a compelling opportunity for 2026.
Navigating supply surges: How AI is reshaping global investment grade credit
Surging supply from AI-driven tech giants is reshaping investment grade credit. Explore what this means for spreads, sector shifts, and investor strategies in 2026.
High yield bonds outlook: Increasing selectivity in 2026
Modest economic growth should support high yield bonds but rich valuations demand selectivity.
Alternatives
Absolute return: Building resilience in volatile markets
Why absolute return strategies are set to play a pivotal role in 2026, offering diversification and resilience to offset uncertainty and evolving market dynamics.
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
There is no guarantee that past trends will continue, or forecasts will be realised.