Goldman Sachs Asset Management
Asset-class outlooks and macro insights from Goldman Sachs Asset Management.
United States7 articlesLast published 18 Nov 2025
Multi-AssetEquitiesFixed Income
Research
Goldman Sachs Asset ManagementMulti-Asset
Investment Outlook for Public Markets in 2026 - Goldman Sachs Asset Management
Goldman Sachs Asset Management's 2026 investment outlook covers equities, fixed income, and credit across global public markets, highlighting opportunities in a more multipolar, fragmented world. Key themes include large-cap AI-driven US equities, small/mid-cap alpha, European and Japanese re-rating potential, emerging market discounts, and active/quantitative strategies amid mixed macro signals.
18 Nov 2025
Goldman Sachs Asset ManagementPrivate Markets
Exploring Alternative Dimensions Across Private Markets in 2026 - Goldman Sachs Asset Management
Goldman Sachs Asset Management's 2026 private markets outlook examines valuation, return, and deployment dynamics across private equity, private credit, real estate, and infrastructure, highlighting elevated buyout multiples, muted but pressure-tested credit defaults, and a real estate rebound thesis. The piece argues that manager selection and value-creation alpha will be increasingly critical differentiators as macro tailwinds fade and exit activity gradually recovers.
18 Nov 2025
Goldman Sachs Asset ManagementMulti-Asset
Shifting Paradigms for Portfolio Construction in 2026 - Goldman Sachs Asset Management
Goldman Sachs Asset Management outlines four key portfolio construction themes for 2026: the continued growth of active ETFs (particularly in fixed income, private assets, and derivative-income strategies), Alpha Enhanced equity strategies as a middle ground between passive and active, broader tail-risk hedging frameworks beyond traditional equity-rates correlations, and expanding individual investor access to private market alternatives. The piece argues that moderating return expectations, elevated index concentration, and macro uncertainty make purely passive allocations an inefficient use of investors' risk budgets.
18 Nov 2025
Goldman Sachs Asset ManagementMulti-Asset
Investment Outlook 2026: Seeking Catalysts Amid Complexity - Goldman Sachs Asset Management
Goldman Sachs Asset Management's annual 2026 investment outlook identifies easing cycles, AI, and dealmaking as key return catalysts across public and private markets, amid a complex backdrop of central bank shifts, tariffs, fiscal risks, and geopolitical uncertainty. The report advocates active management, global equity diversification, diversified fixed income duration, and selective private market exposure across credit, real estate, and infrastructure.
18 Nov 2025
Goldman Sachs Asset ManagementMulti-Asset
Investment Backdrop Heading into 2026 - Goldman Sachs Asset Management
Goldman Sachs Asset Management's 2026 outlook examines the complex interplay of central bank policy divergence, tariff risks, fiscal pressures, and AI-driven capital expenditure as key forces shaping markets. The report advocates active management, favoring small-cap equities, securitized credit, and alternative assets, while identifying AI innovation and a dealmaking revival as primary catalysts for unlocking portfolio value.
18 Nov 2025
Goldman Sachs Asset ManagementThematic
Evolving Thematic Landscapes and Megatrends in 2026 - Goldman Sachs Asset Management
Goldman Sachs Asset Management's 2026 thematic outlook identifies economic security—driven by geopolitical shifts, supply chain resilience, and AI-related energy demand—and a maturing sustainable investing landscape as dominant investment themes. The piece outlines opportunities across public and private markets including renewable energy infrastructure, green bonds, private credit, and middle-market private equity in sectors such as waste, water, and clean energy.
18 Nov 2025
Goldman Sachs Asset ManagementMulti-Asset
Discover our view on the economy, markets and investment strategy in our latest insight articles. - Goldman Sachs Asset Management
Goldman Sachs Asset Management's insights hub aggregates their 2026 Investment Outlook series, covering the macroeconomic backdrop, public and private markets, portfolio construction, and megatrends/thematic investing under the theme "Seeking Catalysts Amid Complexity." The page also surfaces recurring publications including the Weekly Market Monitor, Market Pulse, ESG-focused fixed income research, and income diversification guidance.