Every year MRB publishes a series of outlook reports during December that outline our investment strategy and positioning for all the major global asset markets. MRB’s base-case scenario is that global economic growth momentum will firm and broaden next year, partially in response to policy stimulus provided in 2025. This should bolster investor confidence in the outlook for non-U.S. equities and sustain selective global ex-U.S. outperformance.
That said, we expect a more challenging year overall for global equity markets in 2026 after the strong, broad-based gains this year, with scope for significant volatility and periodic concerns about A.I. related corporate earnings. Selectivity and tactical shifts will be key to deliver outsized returns yet again next year.
