Discover the economic and investment outlook that will shape the coming year, along with our asset allocation strategies.
Looking ahead to 2026, we anticipate sustained growth, contained inflation and policies that support the cycle, an environment that favours investment and diversification. In this context, we expect global equities to move towards new highs, selective opportunities to emerge in fixed income as monetary conditions adjust, and gold to continue consolidating itself as a structural trend and a powerful portfolio diversifier.
A year of new challenges and opportunities calls for a clear vision.
👆Watch how we view the markets in 2026.
*𝘛𝘩𝘪𝘴 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝑝𝘳𝘦𝑝𝘢𝘳𝘦𝘥 𝘣𝘺 𝘚𝘢𝘯𝘵𝘢𝘯𝘥𝘦𝘳 𝘈𝘴𝘴𝘦𝘵 𝘔𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵, 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘴 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘧𝘰𝘳𝘦𝘤𝘢𝘴𝘵𝘴 𝘢𝘯𝘥 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘨𝘢𝘵𝘩𝘦𝘳𝘦𝘥 𝘧𝘳𝘰𝘮 𝘴𝘦𝘷𝘦𝘳𝘢𝘭 𝑝𝘶𝘣𝘭𝘪𝘤 𝘴𝘰𝘶𝘳𝘤𝘦𝘴. 𝘋𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘳 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝑝𝘶𝘳𝘤𝘩𝘢𝘴𝘦 𝘰𝘳 𝘴𝘦𝘭𝘭 i𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘧𝘶𝘯𝘥𝘴 𝘰𝘳 𝘰𝘵𝘩𝘦𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝑝𝘳𝘰𝘥𝘶𝘤t𝘴.
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