Navigating a New Era
As we step into 2026, Keyridge Asset Management will embark on its first year as a unified firm, drawing on the combined heritage and expertise of three leading investment houses. This is more than a milestone for our business – it is a moment of transformation for the world around us. Geopolitics, technology, and economic fundamentals are all in flux, reshaping the landscape in ways that are both challenging and full of promise.
Disruption, as ever, brings opportunity. Our 2026 Outlook is designed to help clients and partners make sense of the big questions facing investors today. The themes we explore are not academic – they are the very issues our clients are raising as they seek to position portfolios for the year ahead. Our aim is to provide not only our views, but also practical guidance on how to capture the opportunities that change brings.
Download our Investment Outlook 2026.
What’s Inside the Investment Outlook 2026?
Our contributors offer a range of perspectives, each reflecting the breadth and depth of our newly combined team:
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Macro Outlook:
Lenny McLoughlin, our ILIM Chief Investment Strategist, examines the prospects for global growth. He highlights the resilience of the US economy, the shifting roles of fiscal and monetary policy, and the uneven nature of recovery across regions. While risks remain, Lenny sees reasons for cautious optimism as policy, technology, and consumer behaviour continue to evolve.
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Geopolitics and Self-Sufficiency:
Leonie MacCann and Alan Duffy explore the implications of a more fragmented, multipolar world. As resilience and self-sufficiency take precedence over efficiency, they consider the impact on markets – from defence spending to gold and nuclear energy – and how investors can position for both risks and opportunities.
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Inflation and Debasement:
John Thornton, Head of Fixed Income, addresses the enduring challenge of inflation and government debt. He discusses the temptation for policymakers to use currency debasement as a solution, drawing on historical lessons and current debates. His analysis underscores the need for vigilance and adaptability in fixed income investing.
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China’s Equity Story:
Mike Willans offers a nuanced perspective on China’s remarkable equity market performance in 2025. He explores the drivers behind China’s resurgence and the opportunities and challenges ahead as the country balances domestic reform with global ambition.
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The AI Investment Cycle:
David Byrne and Lenny McLoughlin chart the rapid evolution of artificial intelligence as both a technological and investment theme. They assess early winners, the scale of capital being deployed, and the potential for AI to transform productivity and corporate earnings, while also addressing the risks and uncertainties that come with such rapid change.
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Looking Ahead
At Keyridge Asset Management, we believe our clients are best served by a diversity of thought, united by a shared purpose. Throughout 2026, we will continue to engage with you, discussing these themes and exploring actionable strategies together. Our hope is that this Outlook provides a valuable foundation as you navigate the opportunities and uncertainties of the year ahead.
We look forward to sharing more insights and working alongside you in the months to come.
Download our Investment Outlook 2026.