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Investment Outlook 2025

Wondering how to invest in a fragmented economy? Look no further for insight into finding the pockets of resilience next year: UBP’s Investment Outlook 2025 is now under way.

Every autumn our experts unveil their outlook on the economy and the markets for the upcoming year in their Investment Outlook roadshow. This includes a launch webcast, a tour across Europe, Asia, and the Middle East, as well as a brochure and podcasts.


Our convictions

Titled "Fragmented Resilience", this year’s Investment Outlook delves into the dynamics of inflation, structural shifts, and geopolitical developments. So far, the global economy has managed to sidestep a recession, demonstrating a remarkable – though uneven – resilience. In this fragmented landscape, our experts shed light on the regions and sectors poised to drive value in 2025.

In this video, dive into UBP’s Investment Outlook 2025 to discover our key convictions for the year ahead. 

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"Our Investment Outlook 2025 adopts a selective approach in a fragmented investment landscape. Our strength lies in our ability to identify the key opportunities that will shape the year ahead."

Michaël Lok, Group CIO and Co-CEO Asset Management

Fragmented resilience

The global economy has once again skirted recession for a second consecutive year. Yet, the year ahead may bring additional challenges as growth becomes increasingly fragmented, albeit with certain pockets of resilience.

In the United States, Donald Trump’s return to the White House looks set to deliver a stronger economic boost than anticipated. Outside the US, we expect growth to remain resilient, especially in Asia.

Europe’s economies face another crossroads in their ongoing effort towards a closer union, with elections on the cards. Switzerland, Scandinavia, and the global pharmaceutical sector offer investors exposure to both resilience and innovation.

A resurgence of inflation by late 2025, concern about rising bond yields, and geopolitical tensions are a more prominent feature of today’s landscape. Defence companies are well positioned to benefit from this new environment, while gold remains a vital component of portfolio risk management.

Learn more below

Podcast series

Watch this space for upcoming podcasts with topical contents.

Investment Outlook 2025

Our Corporate Communications Manager Robert Wibberley speaks to six of our experts to explore the economic environment, the key trends, and our main convictions on asset classes.

Our brochure

A brochure covering the global economy, inflation, market developments, currencies, and what we see as the most compelling investment opportunities is available. Download it now and find out about our experts’ convictions.

Investment Outlook 2025 brochure

Download

Our Investment Outlook experts

Is the victory over inflation final?

In this podcast, our Chief Economist Patrice Gautry talks about the UBP Global Investment Committee’s views on economic growth, inflation, and interest rates in 2025.

28.11.2024

Exploring Emerging Market Corporate Bonds

Emerging market (EM) corporate bonds have faced considerable challenges in recent years, with rising geopolitical tensions, defaults in China’s real estate sector, and elevated global interest rates dampening investor appetite; however, the tide may be turning. A shift in the global interest rate environment – marked by a rate cut by the US Federal Reserve and a fresh economic stimulus package in China – offers an opportunity to revisit this often-overlooked asset class.

20.11.2024

China: A Path Towards “Whatever It Takes”

The statements in late 2024 from China’s central bank and the country’s Politburo sparked hopes of a ‘whatever it takes’ moment, only to see these dashed, as policy actions have fallen short of expectations.

13.11.2024

UBP House View - November 2024

Trump's return to the White House marks the start of a new era that is set to boost US-based companies while the wider global investment landscape continues to contract. 

08.11.2024

Gold: still a shining investment

Since the beginning of the year, gold prices have risen by nearly 40%, outpacing every major developed market equity index – even the S&P 500.

06.11.2024

Trump’s Comeback: Implications for markets

With voting now completed across the continental United States, it is confirmed that Donald Trump is making a comeback to the White House.

04.11.2024

Infrastructure: The new, sought-after safe haven?

Infrastructure assets provide essential services to communities, facilitating the transport of people, data, and energy.

14.10.2024

The potential influence of US elections on markets

As the US elections loom large on the horizon, investors are bracing for market turbulence.

11.10.2024

What the new rate-cutting cycle means for asset classes

Several central banks, including the Federal Reserve, Bank of England, and European Central Bank, have ushered in a new era of rate-cutting, signalling the end to their fight against inflation. But what does this easing cycle mean for asset classes?

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