Market GPS Investment Outlook Mid-Year 2025 provides expert views to help navigate market trends and portfolio opportunities in the second half of 2025.
With little sign of relief from geopolitical turbulence, we are focusing on higher-quality opportunities and proactive positioning. This should allow portfolios to stay the course and be rewarded once this wave of uncertainty resolves.
Adam Hetts
Global Head of Multi-Asset
- Investable opportunities: Against today’s macro backdrop, our investment experts highlight actionable takeaways across six portfolio positioning trends.
- Proactive equity positioning: We see opportunities in capitalizing on market volatility, looking outside of the U.S., and tapping into the long-term potential of small cap stocks.
- Diversification and resilience: Within fixed income, multi-sector investing and securitized debt offer attractive potential, as does private credit.
Macro drivers and asset class outlooks
Macro Drivers
Positioning for 2025’s geopolitical realignment
CEO Ali Dibadj provides updates on the three macro drivers shaping markets in 2025 and the importance of actively positioning for a brighter investment future.
Equities outlook
Tailwind trends support mid-term growth
After a bout of early-year volatility, Lucas Klein and Marc Pinto argue that a series of trends is emerging that could provide a tailwind for global equities over the mid-term.
Fixed income outlook
A not-so-random walk
Alex Veroude believes fixed income investors can prepare for an uncertain journey by recognising themes and diversifying across different assets.
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There is no guarantee that past trends will continue, or forecasts will be realised.