Investors will be hoping for a repeat of the mainly benign developed and emerging equity markets of 2024 — but there are signs that markets may not be as kind and investors will need to tread carefully.Our proprietary data suggests institutional investors cooled off in late 2024, even before new US president’s tariff and immigration policies.
In this Compass we test the resilience of US exceptionalism, scrutinise Europe’s trajectory in 2025, and examine developed and emerging market equity sector opportunities and risks in the year ahead. All this, and quarterly updates on ETF flows and institutional investor behaviour too.