Where to find the best dividends
Reinvested income still drives the lion’s share of long-term returns
Jemma Slingo
Fidelity International
04 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.
Every quarter Tom Stevenson, Investment Director at Fidelity Personal Investing, analyses global markets and key asset classes to provide investors with a comprehensive overview of what he sees as the main possibilities and probabilities over the next 12 months.
Read or watch
The full Investment Outlook report is available to download or read online below. There is also a video of Tom in conversation with Ed Monk in which he answers customers’ questions, plus three short clips that focus on specific asset classes.
Ed Monk invites Tom Stevenson to talk through the highlights of the latest Investment Outlook and answer your questions on what lies ahead.
[31:35 min watch]
You can read the full Investment Outlook online or download it to save for later.
Highlights include a review of the first half of the year and an update on Tom Stevenson's fund picks.
Previous Investment Outlooks
Investment Outlook 2025 - Quarter 3
America passes the baton
Tom Stevenson Fidelity International - 10 Jul 2025
Investment Outlook 2025 - Quarter 2
Riding the tariff turmoil
Tom Stevenson Fidelity International - 09 Apr 2025
Investment Outlook 2025 - Quarter 1
Managing rising risks
Tom Stevenson Fidelity International - 08 Jan 2025
Investment Outlook 2024 - Quarter 4
The turn in the cycle
Tom Stevenson Fidelity International - 10 Dec 2024
Show Results
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