Market GPS
Manager
outlooks 2025
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
A more dynamic playing field for equity investors
Heads of Equities Marc Pinto and Lucas Klein outline why a market broadening that started in 2024 could continue into the year ahead, creating opportunities for active investors.
Fixed Income
Featured Outlook
Stargazing in 2025: Bond market opportunities
As shifting politics collide with economic realities, what might this mean for fixed income? Jim Cielinski, Head of Global Fixed Income, focuses the telescope on prospects for the new year.
Multi-Asset & Alternatives
Featured Outlook
Widening the aperture in a late-cycle economy
Adam Hetts, Global Head of Multi-Asset, balances the opportunities presented by the extension of the economic cycle and the risks posed by policy uncertainty and elevated valuations.
Avoiding pitfalls when seeking income in a higher rate environment
Jessica Leoncini, Dan Siluk and John Lloyd discuss the return of income in fixed income, duration risk, liquidity trade-offs, and where active investors may find value.
Quick view: Brazil election: Bolsonaro has the upper hand – for now
Brazil’s first-round election surprise has proved supportive for markets, but longer-term credit implications depend on fiscal credibility, reform and policy delivery.
Decoding climate risk: Harnessing data and models for sustainable solutions
How can investors assess the financial impact of climate and nature risks? Explore how data, scenarios, and modelling can help translate environmental risks into investment insights, while highlighting the role of investment judgement.
Featured Insights
Panel discussion
Our experts from across asset classes discuss their views on the route ahead and how to position accordingly.
Thursday, December 5th at 2pm GMT
Speakers: Matthew Bullock, Kareena Moledina, Luke Newman and Richard Clode
There is no guarantee that past trends will continue, or forecasts will be realised.