2025 Investment Outlook

2025 Outlook Event at the Nasdaq Stock Market

Macroeconimc Outlook

As Donald Trump prepares to retake the role of US president in January, how might investment portfolios be affected? Paresh Upadhyaya, US Director of Fixed Income & Currency Strategies, discusses the potential impacts of upcoming cabinet confirmations, potential tariffs, and the growing budget deficit. He also delves into the Fed easing cycle and the tense economic relationship between China and the US.

Panel Discussion on Equities & Fixed Income

What can we expect from equities and fixed income in 2025? In this insightful panel discussion held at the Nasdaq stock market, Jonathan Duensing, US head of fixed income; and John Peckham, US director of global equities, discuss insights on building a resilient portfolio and highlight potential opportunities across markets.

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2025 Investment Outlook: Bright spots in a world of anomalies

We expect the global economy to soften in 2025, with the US economy moderating due to cooling domestic demand and labor market conditions.
We believe identifying the opportunities created by policy choices and geopolitical shifts will be as important as safeguarding against the risks they entail.
In response to this fragmented environment, investors can broaden their exposure to equities beyond US mega-cap stocks, look for income across liquid and illiquid assets, and implement hedges.

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Featuring Insights from:


Jonathan Duensing Head of Fixed Income, US Portfolio Manager	Paresh Upadhyaya US Director of Fixed Income & Currency Strategies	John Peckham US Director of Global Equities Portfolio Manager