Investment Outlook 2026

The year 2025 saw solid returns across major asset classes and notable shifts in the geopolitical and economic landscapes. Changes in trade patterns, progress in AI, and evolving central bank strategies are shaping a new environment for investors. Against this backdrop, the question arises:

What will 2026 bring?

Watch the video with Dan Scott, Head Multi Asset and Chief Investment Officer, for insights into the trends likely to shape 2026.

  Key Takeaways  

• Global trade adapts: With tariffs reshaping trade flows, exporters are adjusting their supply chains and exploring new routes—enabling globalization to progress.
• Growth supported by AI and policy measures: Corporate earnings remain resilient, driven by AI productivity gains and targeted fiscal support.
• Shifting economic and geopolitical balance: China's growing economic and technological significance, Europe's renewed dynamism, and the diversification of currency reserves by central banks—including higher gold holdings—are shaping the world order of tomorrow.

Even the smallest undertaking starts with a conversation