Global Wealth & Investment View Q4 2025
Your look into the most important investor insights for the quarter
Welcome to the Global Investment View Q4
The Global Investment View distils the thinking of the Global Investment Strategy Group that brings together the insights of Investec Wealth & Investment’s professionals in the UK, South Africa and Switzerland. The Group meets quarterly to map out our outlook over the following 18 months, setting a risk budget and identifying some of the potential icebergs that lie in the global investor’s path.
Download the Global Investment View Q4 | 2025
There has been a strong rally in US and global equities since the June Global Investment Strategy Group meeting. As a result, the US market now trades around 40% above our model estimate of fair value and appears expensive according to every valuation method we employ.
Executive view of the quarter
The GISG kept its risk score at -0.5 on a scale of -3 to +3, and the SA risk score was maintained at 1 on a scale of -3 to +3.
Click here to download the Executive Summary Q4 2025.
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Statutory information
Investec Wealth & Investment International (Pty) Ltd, registration number 1972/008905/07. A member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. An authorised financial services provider No.15886. A registered credit provider registration number NCRCP262.