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Investment Outlook

Outlook 2026

The backdrop of 2025 has seen the introduction of global tariffs, intensified geopolitical pressures and stubborn inflation – and yet, global markets have delivered strong returns over the year.

We asked our investment managers and our fund partners to share their outlook and insight on the investment marketplace for 2026. This content aims to provide valuable insights into the expected market landscape and key factors influencing the investment environment in the upcoming year.

Fidelity's Outlook 2026 webinar

Watch Fidelity’s Chief Investment Officers discuss their views for the year ahead, expectations, best ideas and convictions.

Fidelity's Outlook 2026 – The age of alpha

The annual Outlook provides in-depth macro, research, and asset class views focusing on three key topics: inflation, Asia and AI.

BNY 6 for 2026 – Essential questions for investors

BNY Investments tackle six key questions that will shape the investment and market landscape in 2026, including the global economy, central banks, fixed income, the US and AI.

Liontrust – Our Multi-asset outlook for 2026

James Klempster, deputy head of Multi-asset at Liontrust, assesses the investment opportunities for 2026, with the key focus on a disciplined process along with diversification and differentiation.

Polar Capital 2026 – The year AI’s impact becomes impossible to ignore

Nick Evans and Ben Rogoff from Polar Capital’s Global Technology Team share their views on the impact of AI, with its capabilities increasingly impossible for investors to ignore in 2026.

Polar Capital – UK set to rerate as cost of capital falls

George Godber and Georgina Hamilton from Polar Capital’s UK Values Team consider that the UK outlook is turning more positive. Critically, the November 2025 Budget avoided inflationary tax hikes.

Premier Miton – Plus ça change, plus c’est la même chose

Neil Birrell, CIO at Premier Miton, expects volatility and opportunity within financial markets. As we navigate 2026, change is constant, but so are the principles of disciplined investing.

Rathbones 2026 Investment Outlook

James Thomson, Rathbone’s Global Opportunities Fund Manager, reflects on 2025 and what is hot and cold and how to prepare for 2026.