Schroders
Economic and cross-asset insights from Schroders.
United Kingdom8 articlesLast published 27 Nov 2025
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SchrodersMulti-Asset
Take an active approach to valuation risk and seek opportunities to diversify
Schroders Group CIO Johanna Kyrklund argues that while global equity markets remain supported by contained bond yields, low recession risk, and positive earnings momentum, elevated valuations and heavy index concentration in mega-cap technology stocks make active, fundamentals-driven stock selection essential for 2026. The piece recommends diversifying into geographic markets outside the US, emerging market debt, insurance-linked securities, infrastructure debt, and liquid hedge fund strategies to manage risk while staying invested.
27 Nov 2025
SchrodersFixed Income
Outlook 2026: Global bond market conditions will demand an active management approach
Schroders' fixed income heads examine the 2026 outlook across global, US, and emerging market bonds, arguing that desynchronised central bank cycles, diverging inflation trajectories, and historically tight credit spreads make active management essential. The piece identifies opportunities in agency MBS, EM local debt, gilts, and quasi-sovereign European bonds while cautioning against passive exposure and generic credit beta at current valuations.
27 Nov 2025
SchrodersPrivate Markets
Outlook 2026: Decoupling driving resilient opportunities
Schroders Capital's 2026 private markets outlook argues that cyclical decoupling from elevated public market valuations—following years of reduced fundraising, deal activity, and exits—has created attractive entry points across private equity, private credit, infrastructure, and real estate. The piece identifies small- and mid-market buyouts, continuation investments, specialty finance, energy transition infrastructure, and insurance-linked securities as the highest-conviction opportunities, underpinned by structural tailwinds including decarbonisation, digital transformation, and supply chain reshoring.
26 Nov 2025
SchrodersEquities
Outlook 2026: Robust earnings and ongoing investment in new technologies may continue to support global equities
Schroders' CIO for Equities Alex Tedder and Head of EM Equities Tom Wilson outline a cautiously optimistic 2026 outlook for global and emerging market equities, citing resilient earnings, AI-driven capital expenditure, and reasonable EM valuations as key supports despite elevated developed-market valuations. The piece examines concentration risks in US tech, regional dynamics across China, India, Taiwan, Korea and Brazil, and flags the US dollar trajectory and bond market as the most plausible catalysts for a potential correction.
26 Nov 2025
SchrodersPrivate Markets
Private Markets Outlook 2025: An attractive vintage year awaits
Schroders Capital's CIO for Private Markets argues that 2025 represents an especially attractive vintage year across private equity, real estate, private debt, and infrastructure, driven by the favourable alignment of fundraising, technological disruption, and economic cycles. The outlook covers return capture, income generation, portfolio resilience, and decarbonisation themes, with particular emphasis on small/mid-buyouts, venture capital, GP-led secondaries, and real estate equity following a significant valuation reset.
6 Dec 2024
SchrodersFixed Income
Outlook 2025: Fixed income
Schroders' fixed income team examines the 2025 outlook across global bonds, credit, and emerging market debt, highlighting that elevated starting yields (10-year US Treasuries above 4%, real yields above 2%) and declining policy rates create attractive income and diversification opportunities. The piece favours agency mortgage-backed securities over tight investment grade and high yield credit spreads, and sees selective value in EM hard currency high yield sovereigns and local debt following 2024's repricing.
6 Dec 2024
SchrodersEquities
Outlook 2025: Equities
Schroders' CIO of Equities and Head of EM Equities assess the 2025 outlook for global and emerging market equities, highlighting that despite elevated valuations—particularly in the US—supportive earnings growth, rate cuts, and a broadening market rally can sustain returns, while Trump 2.0 policies introduce meaningful risks around tariffs, inflation, and geopolitical uncertainty. For EM equities, the piece flags headwinds from a stronger US dollar, higher US yields, and China-specific tariff risk, while noting cheap valuations (ex-India and Taiwan) and potential benefits from supply chain diversification away from China.
6 Dec 2024
SchrodersMulti-Asset
Outlook 2025: Income, returns and resilience - opportunities in public and private markets
Schroders Group CIO Johanna Kyrklund sets out a 2025 investment outlook anticipating a soft landing and growth reacceleration, while cautioning that elevated US equity valuations and policy uncertainty from Trump's second term require broader diversification. The piece advocates looking beyond US mega-caps to international equities, bonds for income, gold as a hedge, and private market assets such as infrastructure and insurance-linked securities for portfolio resilience.
6 Dec 2024