Healthcare
Healthcare remains one of the most stable and structurally attractive sectors in the market. Its combination of defensive characteristics and long-term growth makes it a key component of a well-balanced portfolio.
Investment Outlook
Solid global growth, continued monetary and fiscal stimulus, and potential earnings boosts from the AI boom point to another strong year for equities in 2026. However, elevated valuations and bubble risks call for caution and prudent diversification.
Themes in Investment Outlook
Private Credit
For investors with a longer time horizon seeking yield, diversification, and steady cash flows, private credit has become a natural building block in portfolios. All indications suggest its importance will continue to grow.
Investment Outlook November 2025
Our experts give you our current view on the development of the economy and stock exchanges (13 minutes).