Diversification, disciplined risk management and a forward-looking approach to selecting investments are necessary for multi-asset portfolios in 2026, says BNY Investments Newton FutureLegacy portfolio manager, Bhavin Shah.
Key points:
- Global growth is set to moderate in 2026, but trade shifts and inflation pressures keep challenges on the horizon.
- Stock markets remain highly concentrated, with US dominance heightening correlation and downside risk.
- Selective exposure to emerging markets, especially India and China, could add growth and diversification to portfolios.
- AI spending is expected to surge, with agentic AI and biotech breakthroughs boosting productivity, drug discovery, and new business models.
- Diversification and discipline are important to manage volatility amid geopolitical risks, policy shifts and stretched tech valuations.
3009300 Exp: 30 April 2026
