{"id":207136,"date":"2025-08-15T08:03:17","date_gmt":"2025-08-15T08:03:17","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/?p=207136"},"modified":"2025-08-19T07:36:27","modified_gmt":"2025-08-19T07:36:27","slug":"global-investment-management-survey","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/global-investment-management-survey\/","title":{"rendered":"Global Investment Management Survey"},"content":{"rendered":"\n

Originally Posted, August 13, 2025 – Global Investment Management Survey<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

The May 2025 survey results are from investment professionals across all asset classes, and we provide our predictions on inflation, recession, asset class performance and more.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Franklin Templeton Institute surveyed portfolio managers across all our asset classes: equity, private equity, fixed income, private debt, real estate, digital assets, hedge funds and secondary private markets. The goal of the Global Investment Management Survey<\/a> is to provide the most comprehensive global view on the dimensions that matter most to our clients.<\/p>\n\n\n\n

The findings reflect the average of the group. While each of our investment teams are independent and have different outlooks, the survey serves as a starting point in understanding Franklin Templeton\u2019s aggregate views on the economy, equities, fixed income and alternatives.<\/p>\n\n\n\n

The survey results outlined in this paper are as of May 2025, and the market data is as of July 31, 2025.<\/p>\n\n\n\n

Exhibit 1: Expectations for 2025 Based on the Franklin Templeton Global Investment Management Survey<\/h2>\n\n\n\n

Focus on Quality Across All Asset Classes<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Source: Franklin Templeton Institute Global Investment Management Survey expectations are for 2025 and are as of May 2025. Survey methodology included at the end of the paper. *Updated survey stats as of August 8, 2025.<\/small><\/p>\n\n\n\n

Past performance is not indicative of future results<\/p>\n\n\n\n

Key takeaways<\/h2>\n\n\n\n

Economic growth slowing but positive<\/strong><\/h3>\n\n\n\n
    \n
  • Global growth will be in line with consensus expectations across major regions.<\/li>\n\n\n\n
  • We expect core PCE to approximate 3.00%\u20133.50% and will likely remain above central-bank targets.<\/li>\n\n\n\n
  • Unemployment will remain relatively low in the United States and will end the year between 4.50%\u20134.75%.<\/li>\n\n\n\n
  • The US dollar will weaken modestly in 2025.<\/li>\n<\/ul>\n\n\n\n

    Equities likely to end the year at 6400-6800<\/strong><\/h3>\n\n\n\n
      \n
    • Earnings will grow at 5%\u201310% versus consensus 10.8%.<\/li>\n<\/ul>\n\n\n\n

      FAVOR<\/strong><\/p>\n\n\n\n

        \n
      • US large cap, value and growth. We expect the stock market to continue to broaden out. We are bullish on Europe, India and Japan.<\/li>\n\n\n\n
      • Sector focus on technology, financials and health care.<\/li>\n\n\n\n
      • Factors to focus on include free cash flow yield, balance sheet strength and return on invested capital.<\/li>\n<\/ul>\n\n\n\n

        RISKS<\/strong><\/p>\n\n\n\n

          \n
        • Recession, geopolitics and earnings below expectations.<\/li>\n<\/ul>\n\n\n\n

          Shorter duration fixed income will broadly benefit from declining interest rates on the front end of the curve in 2025<\/strong><\/h3>\n\n\n\n

          FAVOR<\/strong><\/p>\n\n\n\n

            \n
          • Although default rates for high-yield debt are likely to tick modestly higher in 2025, spreads are expected to increase moderately in a sector with relatively low interest rate risk and high all-in yields.<\/li>\n\n\n\n
          • Shorter duration fixed income will be in favor, as rates are still relatively high and will come down only modestly by the end of 2025.<\/li>\n\n\n\n
          • Municipals will continue to be a high-quality, diversifying investment option with attractive tax-free yields.<\/li>\n<\/ul>\n\n\n\n

            RISKS<\/strong><\/p>\n\n\n\n

              \n
            • Geopolitics and the policies of the Fed and other major central banks.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

              The May 2025 survey results are from investment professionals across all asset classes, and we provide our predictions on inflation, recession, asset class performance and more.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[146,12,148,7],"tags":[291,314],"contributors-categories":[420],"class_list":["post-207136","post","type-post","status-publish","format-standard","category-macro","category-securities","category-text-articles","category-traders-insight","tag-macro","tag-market-outlook","contributors-categories-franklin-templeton"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nGlobal Investment Management Survey | Traders' Insight<\/title>\n<meta name=\"description\" content=\"The May 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