Investment Outlooks

Curated views from the firm's institutional partners.

NWM's CIO curates and synthesises market outlooks from the firm's counterparty network — JP Morgan, Goldman Sachs, UBS, BlackRock, BNP Paribas, HSBC, Standard Chartered, and others. Below is the archive.

The archive

Three outlook editions.

2026 Outlook

Full-year 2026 market outlook synthesis drawing on the research of JP Morgan, Goldman Sachs, BlackRock, UBS, BNP Paribas, HSBC, Barclays, Standard Chartered, Invesco, and T. Rowe Price.

2026 Outlook  →

2025 Outlook

Full-year 2025 market outlook synthesis drawing on the research of more than 18 institutional partners including Goldman Sachs, J.P. Morgan, BlackRock, BNP Paribas, Morgan Stanley, UBS, and Barclays.

2025 Outlook  →

Mid-Year 2024

Mid-year 2024 market outlook synthesis drawing on the research of Allianz, Allspring, Barclays, Charles Schwab, Citi, Fidelity, HSBC, Invesco, JP Morgan, Morgan Stanley, State Street, Vanguard, Wellington, and others.

Mid-Year 2024  →
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