<div>This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include:</div> <ul>
<li>AI-driven capital expenditure and rising government borrowing</li>
<li>What may need to happen to justify investor bullishness on AI</li>
<li>Concentration risk in US and global equity markets</li>
<li>Non-consensus market views for next year and beyond</li>
</ul> <div>
You can read the foreword and access the entire report here, on our <a href="https://url.uk.m.mimecastprotect.com/s/LnIXCwmANHRAZBncVfLFJocz9?domain=blog.landg.com/">blog</a>. During the episode, Sonja Laud, our global CIO, is joined by:
</div> <ul>
<li>
Christopher Jeffery, Head of Macro Strategy
</li>
<li>
Colin Reedie, Head of Active Strategies
</li>
<li>
David Barron, Global Head of Index and ETFs
</li>
<li>
Robin Martin, Global Head of Investment Strategy & Research, Private Markets
</li>
</ul> <div>Our panel also share what they are planning to read, watch and listen to over the holidays.</div> <div>
The podcast was recorded on 9 December and was moderated by Max Julius, Head of Content.
</div> <div>For professional investors only. Capital at risk.</div>

This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include: AI-driven capital expenditure and rising government borrowing What may need to happen to justify investor bullishness on AI Concentration risk in US and global equity markets Non-consensus market views for next year and beyond You can read the foreword and access the entire report here, on our blog. During the episode, Sonja Laud, our global CIO, is joined by: Christopher Jeffery, Head of Macro Strategy Colin Reedie, Head of Active Strategies David Barron, Global Head of Index and ETFs Robin Martin, Global Head of Investment Strategy & Research, Private Markets Our panel also share what they are planning to read, watch and listen to over the holidays. The podcast was recorded on 9 December and was moderated by Max Julius, Head of Content. For professional investors only. Capital at risk.

This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include: <ul>
<li>AI-driven capital expenditure and rising government borrowing</li>
<li>What may need to happen to justify investor bullishness on AI</li>
<li>Concentration risk in US and global equity markets</li>
<li>Non-consensus market views for next year and beyond</li>
</ul> 
You can read the foreword and access the entire report here, on our <a href="https://url.uk.m.mimecastprotect.com/s/LnIXCwmANHRAZBncVfLFJocz9?domain=blog.landg.com/" rel="noopener noreferrer">blog</a>. During the episode, Sonja Laud, our global CIO, is joined by:
 <ul>
<li>
Christopher Jeffery, Head of Macro Strategy
</li>
<li>
Colin Reedie, Head of Active Strategies
</li>
<li>
David Barron, Global Head of Index and ETFs
</li>
<li>
Robin Martin, Global Head of Investment Strategy &amp; Research, Private Markets
</li>
</ul> Our panel also share what they are planning to read, watch and listen to over the holidays. 
The podcast was recorded on 9 December and was moderated by Max Julius, Head of Content.
 For professional investors only. Capital at risk.

389: Our 2026 investment outlook – the CIO call

<div>What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&amp;G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. 
  
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. 
  
From Trump's tariffs to irrational investors, L&amp;G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. 
  
To find out more, visit <a href="https://am.landg.com/en-uk/institutional/insights/">https://am.landg.com/en-uk/institutional/insights/ 
</a> 
L&amp;G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&amp;G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. 
 
 This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&amp;G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&amp;G. Legal &amp; General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal &amp; General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal &amp; General Investment Management. 
 
 
 
 
 

</div>

Business

Investing

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. From Trump's tariffs to irrational investors, L&G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. To find out more, visit https://am.landg.com/en-uk/institutional/insights/ L&G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&G. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&amp;G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. 
&nbsp; 
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. 
&nbsp; 
From Trump's tariffs to irrational investors, L&amp;G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. 
&nbsp; 
To find out more, visit <a href="https://am.landg.com/en-uk/institutional/insights/" rel="noopener noreferrer">https://am.landg.com/en-uk/institutional/insights/ 
</a> 
L&amp;G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&amp;G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. 
 
&nbsp;This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&amp;G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&amp;G. Legal &amp; General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal &amp; General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal &amp; General Investment Management.

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389: Our 2026 investment outlook – the CIO call

389: Our 2026 investment outlook – the CIO call

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