Global Wealth & Investment View Q2 2025
Your look into the most important investor insights for the quarter
Welcome to the Global Investment View Q2
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 Q2 | 2025
Economic uncertainty in the US has led to a material pullback in US equities. Even after the recent decline, we estimate that the US equity market is still somewhat expensive. In addition, there are increasing risks – the labour market is due for a slowdown, tariff uncertainty is elevated and there are rising risks for the US housing market.
Executive view of the quarter
The GISG kept its global risk budget score at -1 on a scale of -3 to +3, while the SA risk score was reduced to 1 on a scale of -3 to +3.
Click here to download the Executive Summary Q2 2025.
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