Market views: fixed income and equities

Dec 08, 2025

We review the year and share our views on the outlook for 2026.

Key takeaways

  • At RBC BlueBay, our investment experts operate across dynamic market environments, sub-asset classes, geographical regions, and opportunity sets.
  • 2025 was an eventful year, with tariff-led market volatility in April giving way to a calming of trade tensions.
  • Key investment themes during the year included a weakened US dollar, EM strength, rising defence spending in Europe, and shifting geopolitical alliances.
  • AI continues to be a leading theme and dominates headlines, as technological innovation transforms sectors and influences capital expenditure and growth.
  • With economic regime changes underway, the world continues to look uncertain, and skilled active managers should have ample opportunity to generate outperformance.

Read the full article here