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2026 INVESTMENT OUTLOOK

Opportunity ahead: Optimism or illusion?

2026-11-30
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The views expressed are those of the authors at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.

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Nanette Abuhoff Jacobson
Multi-Asset Strategist

While there are important questions to be answered in areas like fiscal sustainability and central bank independence, we think the policy and fundamental backdrop remains supportive for the year ahead and we maintain a slight pro-risk stance.

Nanette Abuhoff Jacobson
Multi-Asset Strategist

Outlook contents

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Asset Allocation Outlook

Our multi-asset strategists analyze the market’s exuberance and share their overweight and underweight views on equities, credit, government bonds, and commodities.