Market GPS

Manager
outlooks 2025

Insights for a Brighter Future

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

Football in goal

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.

7 min read

Global Perspectives: Market GPS investment outlook complexities and opportunities in 2025

Luke Newman, Kareena Moledina and Richard Clode join Matthew Bullock to delve into the prospects for active equities and fixed income strategies in the year ahead.

Following a transformative year for Japanese equities, what lies ahead for 2025?

Junichi Inoue looks back on a pivotal year for Japanese equities and discusses the implications and key risk for investors in 2025.

More lights are turning green for listed real estate in 2025

Guy Barnard discusses the alignment of multiple supportive factors for listed REITs in 2025.

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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.

8 min read
Milky Way on Ice Lake in Winter Grassland

Global Perspectives: Market GPS investment outlook complexities and opportunities in 2025

Luke Newman, Kareena Moledina and Richard Clode join Matthew Bullock to delve into the prospects for active equities and fixed income strategies in the year ahead.

Man on sailing boat unfurling a sail in good weather

Are the political winds shifting in favour of bond investors?

Jenna Barnard believes political upheaval may lean in favour of bonds.

Adjusting the recipe: What’s the right mix for balanced portfolios in 2025?

In his 2025 outlook, Greg Wilensky outlines the most likely scenarios for the U.S. economy and the potential implications for major asset classes.

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Multi-Asset & Alternatives

Monte Gelato waterfalls in Lazio region, Italy

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.

6 min read

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Featured Insights

Actively navigating change and complexity in 2025

Ali Dibadj

CEO Ali Dibadj highlights the three macro drivers that investors must navigate in 2025 and beyond, as well as the importance of actively positioning for a brighter investment future.

ESG in 2025: From moral imperatives to financial materiality

Michelle Dunstan

Michelle Dunstan, Chief Responsibility Officer, explores the trajectory of responsible investing, the integration of ESG data, and the evolving landscape of AI regulation and DEI initiatives.

Panel discussion

Our experts from across asset classes discuss their views on the route ahead and how to position accordingly.

Speakers: Matthew Bullock, Kareena Moledina, Luke Newman and Richard Clode

Investment outlook 2025

Expert views to help you navigate markets in the coming year.

Discover now

There is no guarantee that past trends will continue, or forecasts will be realised.