2026 Outlook: Finding Value Amid the Hype
Our 2026 outlook provides our perspective on the global economic environment and presents 15 key views across asset classes.
2026 Outlook
2026 Outlook: Portfolio-Wide Views
In 2026, investors should rebalance portfolios to embrace greater diversification, thoughtfully navigate opportunities in artificial intelligence, and prioritize investments across the electricity transmission value chain. With heightened equity risks and a weakening US dollar, a disciplined, multi-asset approach will help strengthen portfolio resilience and capture emerging growth themes.
2026 Outlook: Fixed Income Views
A disciplined, quality-focused approach across fixed income and private credit can help position portfolios for balanced risk-adjusted returns in a challenging environment in 2026.
2026 Outlook: Public Equity Views
Within public equities, investors should modestly overweight global ex US equities, developed markets small-cap stocks, and Latin American equities in 2026, as these regions offer attractive valuations, improving growth prospects, and diversification benefits.
2026 Outlook: Private Equity & Venture Capital Views
Thoughtful portfolio construction across private markets will be key to capturing diversification and return opportunities in a morphing environment in 2026.
2026 Outlook: Diversifier Views
In 2026, a disciplined, diversified approach across hedge funds, real assets, and California Carbon Allowances can help investors navigate market uncertainty and capture emerging growth.