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.
"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."
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.
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.
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Our Investment Outlook experts
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Michaël Lok
Group CIO and Co-CEO Asset Management
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Norman Villamin
Group Chief Strategist
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Nicolas Laroche
Global Head of Advisory & Asset Allocation
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Patrice Gautry
Chief Economist
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Peter Kinsella
Global Head of Forex Strategy
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Dimitri Kallianiotis
Technology Investment Specialist
23.01.2025
Forecasting and AI: finance’s new frontier
In our latest Forex Focus podcast, UBP’s Global Head of FX Strategy Peter Kinsella interviews Saeed Amen of Turnleaf Analytics on the evolution of market research with artificial intelligence.
22.01.2025
The strategic appeal of Greenland
With Denmark-controlled Greenland attracting increasing geopolitical interest as a naval and resource-rich hotspot, our Chief Strategist looks into the factors at play for this independence-minded Arctic territory.
17.01.2025
UBP House View - January 2025
Trump's agenda of higher tariffs, tax cuts, and stricter immigration measures could, if actually implemented, spur inflationary pressures, thus curbing the momentum for interest rate cuts. This ‘higher-for-longer’ interest rate environment favours hedge funds over fixed income investments – an asset class we have downgraded from 3/5 to 2/5.
10.01.2025
China’s recent stimulus: enough to deliver results?
As part of UBP’s 2025 Investment Outlook, senior economist Carlos Casanova examines China’s recent efforts to address its structural challenges. Despite the country’s initiatives, UBP remains cautious about the prospects of the world’s second-largest economy, as they are likely to fall short of expectations.
07.01.2025
Trump likely to ‘move fast and break things’ to reshape the US and the world order
Investing in resilient corporates which can weather such rapid transformation – and also the prospect that changes may not take place smoothly – will be key
06.01.2025
Europe at another crossroads
For UBP’s Investment Outlook 2025, Europe is entering a pivotal year. According to Norman Villamin, the continent’s fragmented economy has come to a crossroads where challenges and transformation intersect.
17.12.2024
Where to invest in Fixed Income
In this podcast, our expert Mohammed Kazmi, Senior Portfolio Manager & Chief Strategist for Fixed Income, shares insights into the anticipated landscape for interest rates and credit markets in 2025.
13.12.2024
What are the prospects for Gold & Silver
In this podcast our Global Head of Forex Strategy Peter Kinsella sheds some light on the mechanisms behind gold’s spectacular rise.
