
2025 Investment Outlook
We expect growth to continue to slow in the near term, followed by a reacceleration through 2025, which should foster a favourable environment for risk assets globally.
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Gold kicked off 2025 with a 6.6% gain in January, supported by increasing economic and geopolitical uncertainty particularly related to the impacts of potential trade tariffs. Discover insights into the key macro events and what we think you should be keeping your eyes on in the near term.
Markets absorbed tariff news, tech company earnings, news from the new US Treasury Secretary, disappointing US inflation-related reports, and more.
Despite the volatility in bond markets throughout January, yields generally ended the month slightly lower, resulting in positive returns for most fixed income asset classes. Read our latest thoughts on how fixed income markets performed during the month and what we think you should be looking out for in the near term.
US equity markets were boosted in Q4 by enthusiasm around Trump’s election victory, although enthusiasm was tempered in December by the Fed’s cautious approach to future interest rate cuts. Read our quarterly US equities update to find out more.
Recent history has shown that protectionist measures such as tariffs can hinder economic growth in the near term but don't necessarily create a long-term hurdle for markets.
Our experts address the critical questions that arose following the news of DeepSeek’s artificial intelligence model and the market’s volatile reaction. Find out more.
India is one of the strongest growing economies in Asia, driven by digital transformation, robust consumption and expanding exports. Find out more.
The European ETF market had a record year, bringing the industry’s total assets under management to US$2.3 trillion at the end of 2024. Find out more in our latest European ETF Demand Monitor.
Five key factors suggest cryptocurrencies may continue their 2024 momentum and see positive performance in 2025.
Will US inflation rise? Are tariffs a concern? With the new year and a new Trump administration, investors have questions about the economy and markets.
Discover the potential of equal weight strategies and how they could offer enhanced diversification.
The December US jobs report showed strong growth, prompting market concerns about the economy running too hot and opening the door to more inflation.