2026 looks constructive for risk assets, but there are structural shifts to
watch
The AI investment boom will continue to push corporate earnings higher, but the
rewards in some areas may not match the exuberance
Not all AI investment will be profitable.
High coupons and the right borrowers can deliver solid returns even if pricing
is tight
The dollar’s decline is structural and has only just begun to play out, making a
strong case for emerging debt
The most promising sectors for Japanese equities in 2026
Beyond dollar assets, local currency bonds are a strong contender, supported by
their diversification benefits and attractive risk-adjusted returns
Divergence on interest rates and inflation will create opportunities; a high
starting level of yields bodes well for total returns despite tight valuations
Asian markets weathered 2025 better than expected. Amidst profound technological
and geopolitical change, the region’s resilience should not be underestimated
Fidelity International's research team looks at what artificial intelligence
means for company fundamentals
The cryptocurrency world is maturing as a location for investment
It helps to hold a range of assets when markets are volatile, especially if
those strategies can invest across geographies and investment styles
These strategies provide investors with an alternative way to seek protection
when traditional assets fail
Outside of public markets, there are unconventional means of capitalising on
megatrends like AI and the energy transition
The heart of the game in frothy markets is identifying the businesses that are
not overvalued, or better still, undervalued