Mid-year outlook 2026
Increasing levels of conflict, rising inflation, AI driving growth - how best to invest in these conditions? Our experts consider the dominant forces shaping the global investment environment in the upcoming six months and offer their advice.
Marketing Communication
Fixed Income Outlook
While higher yields have returned in fixed income, credit spreads are tight and geopolitics makes the picture more complex. Explore the situation for emerging markets and credit.
Sustainability Outlook
Sustainability will be increasingly relevant in the upcoming six months as repeated energy crises highlight the need for decarbonisation. We consider sustainability-related opportunities and the challenges facing ESG investment in this context.
Equity Outlook
The Iran conflict and AI are critical for global equity markets. We consider whether AI will remain the dominant market driver, valuations and the developments investors should monitor regarding the conflict.
Multi-Asset Outlook
Currently the macro-economic outlook is defined by geopolitical uncertainty, which begs the question, how best to diversify? We also offer our take on whether we are entering a regime of structurally higher inflation and if the dollar can retain its status as the global reserve currency.
Related articles
Mid-year multi-asset outlook 2026
This shift from a unipolar to a multipolar world has brought increased conflict and a stronger focus on autonomy, contributing to inflation and persistent geopolitical uncertainty. How best to diversify effectively in this context?
Mid-year sustainability outlook 2026
Despite short-term volatility, the long-term direction of travel is clear, trends like the energy transition, decarbonisation and digitalisation are increasingly relevant. Learn more about the opportunities.
Mid-year fixed income outlook 2026
In terms of rates, the recent market repricing is understandable, but is it appropriate? For emerging markets, convergence remains the primary long-term theme. In credit, while the macroeconomic backdrop remains supportive, the course of the Middle East conflict could increase volatility.
Mid-year equity outlook 2026
In many respects, the momentum surrounding AI is currently outweighing the negative effects associated with the Middle East conflict. However, two questions are central: how durable is the current investment cycle and how will AI influence margins, productivity and competitive positioning across sectors?
Disclaimer
Marketing Communication. Investing incurs risks.
The views and opinions contained herein are those of the individuals to whom they are attributed and may not necessarily represent views expressed or reflected in other DPAM communications, strategies or funds.
The provided information herein must be considered as having a general nature and does not, under any circumstances, intend to be tailored to your personal situation. Its content does not represent investment advice, nor does it constitute an offer, solicitation, recommendation or invitation to buy, sell, subscribe to or execute any other transaction with financial instruments. Neither does this document constitute independent or objective investment research or financial analysis or other form of general recommendation on transaction in financial instruments as referred to under Article 2, 2°, 5 of the law of 25 October 2016 relating to the access to the provision of investment services and the status and supervision of portfolio management companies and investment advisors. The information herein should thus not be considered as independent or objective investment research.
Investing incurs risks. Past performances do not guarantee future results. All opinions and financial estimates are a reflection of the situation at issuance and are subject to amendments without notice. Changed market circumstance may render the opinions and statements incorrect.