Geopolitical tensions remain elevated and are likely to generate periodic volatility but the broader backdrop remains supportive of risk assets, underpinned by resilient global growth, healthy labour markets and the ongoing AI-led capex cycle. Eastspring’s Multi-Asset Portfolio Solutions (MAPS) team is tactically constructive on global equities over a 3-month horizon, favouring US, Emerging Markets and Asia over Europe. Within fixed income, the team is neutral on US government bonds, prefers US high yield over investment grade bonds and is constructive on Emerging Market hard currency debt.

Read | Eastspring’s Q3 2026 Outlook