Market GPS
Investment Outlooks 2026
Market GPS investment outlook 2026 provides expert views to help navigate the year ahead. Explore macro drivers, asset class opportunities, portfolio construction themes, and sector specific outlooks from our portfolio managers.
This is an environment of profound economic and market change – and this presents an equally profound opportunity-set for active investors.
Adam Hetts
Global Head of Multi-Asset
- Investable opportunities: Our investment experts highlight actionable takeaways across six portfolio positioning trends.
- Proactive equity positioning: We see opportunities in AI innovation, a healthcare M&A driven recovery, and a European renaissance.
- Resilience and diversification: Within fixed income, securitized debt and multi-sector investing offer attractive potential, as does private credit.
Macro drivers and asset class outlooks
Macro drivers
Key trends shaping investing in 2026
Ali Dibadj explores key investment themes for 2026 to help actively position portfolios for resilience and growth – and how best to work together with clients.
Equities 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.
Fixed income 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.
Portfolio Manager Outlooks
Navigate 2026’s risks and opportunities with the help of our investment team insights. Explore Equities, Fixed Income, and Alternatives perspectives.
Panel discussion
Our experts from across the asset classes discuss their views on the route ahead and how to position accordingly.
5 December 2025
There is no guarantee that past trends will continue, or forecasts will be realised.