- Equity Portfolio Manager
Norway, Intermediary
Change
highlight_off
Thank you for your registration
You will shortly receive an email with your unique link to our preference center.
The views expressed are those of the speaker at the time of filming. 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.
In this edition of “Rapid Fire Questions,” equity portfolio manager Tim Manning offers his views on rates, fiscal policy, tariffs, and AI — and shares why he remains constructive on the US equity market.
Question: What are your views on the US policy outlook?
The market has sniffed out a Fed rate cut and expectations have moved in advance of that event, but it hasn’t factored in that fiscal stimulus that kicks in in early 2026, making for a potentially very strong set up for the year. While the market may question the Fed's mandate, we see business as usual with macro data supportive of rate cuts, and the Fed maintaining its work as a data driven entity.
Question: Have we passed the worst of tariff fears?
The worst part is the uncertainty, which rocked markets in the first half of this year. With more clarity, we are past that now. While there may be implementation risk further in the next quarter or two, we believe most companies now have a plan for managing in this new reality. As visibility strengthens, we are positioned for US growth likely accelerating from here, given strong fiscal support from recently passed legislation.
Question: What is your take on the AI landscape?
The conversation has been driven by AI in the past couple of years, and for good reason. Now, we see growth beyond that theme today. We are in the heart of the build out globally, and just beginning to see the green shoots from broader AI adoption across the economy and industries. We anticipate leadership to continue from the AI leaders, but also see a broader set of companies experiencing accelerating growth as the promise of AI becomes a reality.
Question: Where are you finding opportunities in the US right now?
We believe we are entering the "And" phase of this cycle, with continued strength from AI leaders and a reacceleration in earnings and free cash flow across most sectors of the US economy, with beneficiaries in the Consumer Discretionary, Financial, Healthcare and Industrials sectors.
Question: Can you share any insights from the Global Cycle Index?
Our overall positive view in the US is supported by a return to a strengthening in our Global Cycle Index, which recently saw a turn upwards after moving sideways since the spring. We are maintaining our equal weights across our four fundamental factors of Growth, Quality, Total Capital Return and Valuation. With growth poised to accelerate, we are finding multiple opportunities across many sectors with the strongest outlooks found amongst companies that have the highest free cash flow margins.
Expert
Related insights
Showing
of
Insights Posts
Article
7 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Broadening underway? 6 equity ideas for 2026
Continue reading
event
7 min
Article
2026-12-31
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
8 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Finding durable value amid shifting currents
Continue reading
event
8 min
Article
2026-11-26
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Opportunity ahead: Optimism or illusion?
Continue reading
event
Article
2026-11-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
5 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
What does the new economic era mean for equities?
Continue readingBy
event
5 min
Article
2026-11-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
8 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Investing in 2026: prepare for inflationary growth
Continue reading
event
8 min
Article
2026-11-15
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
3 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Chart in Focus: Is AI a bubble, or is it driving real market value?
Continue reading
event
3 min
Article
2026-12-31
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
URL References
Related Insights
Stay up to date with the latest market insights and our point of view.
highlight_off
Thank you for your registration
You will shortly receive an email with your unique link to our preference center
Read next
Showing
of
Insights Posts
Article
7 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Broadening underway? 6 equity ideas for 2026
Andrew Heiskell and Nicolas Wylenzek see 6 key themes ahead for equity investors in 2026, including the durability of the AI investment cycle, the broadening of earnings growth beyond mega-caps, the potential for renewed value in international diversification and the growing need for equity investors to rethink risk hedging beyond bonds.
event
7 min
Article
2026-12-31
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
8 min
Fixed income
Outlook
Content CoE Program Global Program
Equity
Multi-asset
Commodities
Liquid alternatives & hedge funds
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Finding durable value amid shifting currents
Fixed Income Strategist Amar Reganti and Investment Director Marco Giordano explore how to approach bond investing in 2026. They see durable value for investors who can flexibly adjust to the shifting currents ahead.
event
8 min
Article
2026-11-26
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
Outlook
Macro and market
Portfolio strategy
Equity
Fixed income
Multi-asset
USA
APAC
EMEA
Emerging markets
Active management
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Opportunity ahead: Optimism or illusion?
Explore our latest views on risks and opportunities across global capital markets.
event
Article
2026-11-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
18 min
Economic cycle
Market commentary
Monthly Market Review
Institutional Program
Macro and market
Fixed income
Multi-asset
Commodities
Liquid alternatives & hedge funds
Equity
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Monthly Market Review — October 2025
A monthly update on equity, fixed income, currency, and commodity markets.
event
18 min
Article
2026-11-20
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
5 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
What does the new economic era mean for equities?
The twists and turns of 2025 have reinforced the sense that the global economy is undergoing a structural shift — towards higher inflation, more volatile business cycles and a potential gradual unwinding of decades-long globalisation. However, with flexibility and careful positioning, there are reasons to be positive about the outlook for global equities
By
event
5 min
Article
2026-11-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
8 min
Macro and market
Outlook
Content CoE Program Global Program
Equity
Fixed income
Multi-asset
Commodities
Liquid alternatives & hedge funds
Macro
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Investing in 2026: prepare for inflationary growth
Macro Strategists John Butler and Eoin O'Callaghan share their annual macro outlook and discuss likely implications for markets and investors. They outline four potential scenarios graded by level of probability.
event
8 min
Article
2026-11-15
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
3 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Chart in Focus: Is AI a bubble, or is it driving real market value?
AI isn't just about the hype. Our experts explain why this innovation is driving real market value and lay out the investment implications.
event
3 min
Article
2026-12-31
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Infographic
2 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Chart in Focus: Is the Fed rate cut positive for risk?
In this edition of Chart in Focus, we examine how the Fed’s long-awaited interest rate cut may influence risk assets.
event
2 min
Infographic
2026-10-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
11 min
Outlook
Asset allocation
Content CoE Program Global Program
Equity
Fixed income
Multi-asset
Commodities
Liquid alternatives & hedge funds
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Can markets keep climbing the wall of worry?
Our multi-asset strategists analyze the market’s exuberance and share their overweight and underweight views on equities, credit, government bonds, and commodities.
event
11 min
Article
2026-11-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
4 min
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Japan's reflation story: An overlooked equity opportunity?
Macro Strategist Nick Wylenzek analyzes the structural shifts in Japan's economy and identifies potential equity opportunities.
event
4 min
Article
2026-12-01
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Article
11 min
Artificial intelligence (AI)
Multi-asset
Asset allocation
Content CoE Program Global Program
Equity
Fixed income
Commodities
Quarterly Asset Allocation Outlook
Article
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
Rational exuberance: Will the bulls keep running?
Tariffs, fiscal challenges, geopolitical turmoil — lately, nothing has seemed to get the market down. We consider how long the good times may last in our quarterly look at the equity, bond, and commodities markets.
event
11 min
Article
2026-09-30
Archived
info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.
URL References
Related Insights
legal Information
Contact Us
© Copyright 2025 Wellington Management Europe GmbH. All rights reserved.
WELLINGTON MANAGEMENT FUNDS ® is a registered service mark of Wellington Group Holdings LLP.
Wellington Management Europe GmbH. Registered office: Bockenheimer Landstraße 43-47, 60325 Frankfurt am Main, Germany. T: +49-69-677761-500. VAT-number DE 326304943 (Umsatzsteuer-Identifikationsnummer) Commercial Register of the local court Frankfurt am Main (Handelsregister des Amtsgericht Frankfurt am Main), HRB 115460 .
Wellington Management Europe GmbH, is authorised and regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht)
For professional investors and intermediaries only. This content is not suitable for a retail audience.
Enjoying this content?
Get similar insights delivered straight to your inbox. Simply choose what you’re interested in and we’ll bring you our best research and market perspectives.
highlight_off
Thank you for joining our email preference center.
You’ll soon receive an email with a link to access and update your preferences.
Monthly Market Review — October 2025
Continue readingBy