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Welcome to the Global Investment View Q3

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 Q3 | 2026

Negotiations between the US and Iran have already led to a sizeable decline in global energy prices. This should shortly translate into lower inflation, taking pressure off central banks should the Strait of Hormuz remain open. Global earnings growth has been strong, especially in the US, and is expected to remain strong for the next three quarters at least. Global GDP growth also appears to continue to be in good shape, running at about 3%.

Chris Holdsworth
Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International

The South African Asset Allocation Committee believes that there is a reasonable chance that South Africa will achieve investment-grade status in 2028.

Executive view of the quarter

The GISG kept its risk score at 0 on a scale of -3 to +3, and the SA risk score increased to 1.5 on a scale of -3 to +3.

Click here to download the Executive Summary Q3 2026.

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