Open an account Free investor emails Help & support Register Account summary Log out
Skip Header
Search
Log out
Menu
Close
Investment accounts

Investment accounts

Ready-made ISA
Investment accounts Overview
Adult accounts
Back
Adult accounts
Stocks and Shares ISA Self-Invested Personal Pension (SIPP) Investment Account
Child accounts
Back
Child accounts
Junior ISA Junior SIPP
Choosing Fidelity
Back
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support

Financial advice & support

Current offers
Financial advice & support Overview
Fidelity’s Services
Back
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Back
Guides
Investing for beginners Principles for good investing Tax allowances Sustainable investing
Guidance and tools
Back
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators Receiving an inheritance
Funds

Funds

Select 50: funds selected by experts
Funds Overview
Choose your funds
Back
Choose your funds
Ready-made ISA Select 50: funds selected by experts Navigator: diversified fund ideas Investment Finder: over 3,000 funds Retirement Builder: a fund idea for pensions
Tools and information
Back
Tools and information
Fund prices Investment updates Chart and compare
Shares

Shares

Buy and sell shares online
Shares Overview
Share dealing
Back
Share dealing
Investing in shares Dealing fees and charges Stock plan transfer
Choose your shares
Back
Choose your shares
Search over 2,000 shares International shares Exchange-traded funds (ETFs) Investment trusts
Tools and information
Back
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement

Pensions & retirement

Transfer a pension to Fidelity
Pensions & retirement Overview
Pensions, tax & tools
Back
Pensions, tax & tools
Open a SIPP Open a Junior SIPP Transfer a pension Withdraw money from a SIPP Pension tax allowances Retirement calculators Inheritance planning
Saving for retirement
Back
Saving for retirement
Saving tips based on age Pensions for self employed
Approaching / In retirement
Back
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Markets & insights

Home    Markets    Global

Global

Investment Outlook - Q1 2026

Tom Stevenson

Tom Stevenson - Fidelity International

16 December 2025

Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

Each quarter Tom Stevenson, Investment Director at Fidelity Personal Investing, analyses global markets and the key asset classes to provide a unique outlook for the next 12 months. The January 2026 edition of Investment Outlook will be published on this page on Thursday 8 January.

Previous Investment Outlooks

Tom Stevenson
Global

Investment Outlook 2025 - Quarter 4

Glass half full for investors

Tom Stevenson

Tom Stevenson Fidelity International - 09 Oct 2025

Tom Stevenson
Global

Investment Outlook 2025 - Quarter 3

America passes the baton

Tom Stevenson

Tom Stevenson Fidelity International - 10 Jul 2025

Tom Stevenson
Global

Investment Outlook 2025 - Quarter 2

Riding the tariff turmoil

Tom Stevenson

Tom Stevenson Fidelity International - 09 Apr 2025

Tom Stevenson
Global

Investment Outlook 2025 - Quarter 1

Managing rising risks

Tom Stevenson

Tom Stevenson Fidelity International - 08 Jan 2025

Show Results

Topics covered

Latest articles

Saving for retirement

£250k pension: here’s the retirement income you can expect

How much does it really get you in retirement?

Ed Monk

Ed Monk

Fidelity International

05 January 2026

Personal finance

5 money mistakes people make in their 50s

Financial traps to avoid

Marianna Hunt

Marianna Hunt

Fidelity International

05 January 2026

Exchange-traded funds

Top 10 best-selling ETFs of 2025

The most popular ETFs with our investors in 2025

Richard Evans

Richard Evans

Fidelity International

05 January 2026

See all articles

What you could do next

Look for opportunities

Search through the thousands of investments we offer with our powerful investment finder tool.

Be prepared

Market volatility can feel like an investor's worst nightmare. But if you take a few simple steps to prepare, you can keep a calm head when it arrives.

Stay up to date with market data

Get the latest share prices, market data, news, factsheets and performance charts for FTSE companies.

Policies and important information
 

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity |​​​​​​​ Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme

 

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026