Mid-Year Investment Outlook 2025
Stable foundations for an unstable world
The volatility experienced in the first half of the year is likely to persist as markets continue to play a crucial role in guiding the US administration towards sensible, amicable policy. We consider stable strategies that will help investors thrive in these unstable times.
Explore the Mid-Year Investment Outlook
Smaller companies tend to offer more growth potential than larger ones, typically leading to higher equity valuations. The current environment is a rare exception—and could hold an attractive opportunity.
The renewed sense of government stability in the UK following the recent general election could boost the economy further and help to bring more investors back to UK equities.
Recent additions to the portfolio and an increase in gearing to the highest level in a decade show how the Mercantile Investment Trust plc is positioning for a stronger UK economy and consumer.
Investors seeking to capture the healthy yield of the UK equity market may want to take a closer look at the JPMorgan Claverhouse Investment Trust plc. Claverhouse’s yield is currently about 5% and the trust has achieved consecutive dividend growth for over half a century.
The Mercantile Investment Trust: Budget outlook and portfolio managers’ views
The Mercantile’s managers seek out small- and medium-sized UK companies set to become the market leaders of tomorrow
The Mercantile Investment Trust plc: Junior ISA ideas
The UK economy may still be in the early stages of a recovery, but if stock markets are indeed leading indicators, the UK smaller companies market may be offering some good news for investors.
Lower inflation, an interest rate cut and a new government may be catalysts for UK small and mid-cap stocks.
Is the UK economy in better shape than the valuations of UK equites might suggest? Guy Anderson, portfolio manager of The Mercantile Investment Trust, which invests in UK small and mid-cap equities, sees potential in the stocks that make up the portfolio. In this article, Guy shares his thinking on the stocks and sectors that look set to benefit from an improving UK economy.
The Mercantile Investment Trust: Rich Pickings Abound in the UK Market
JUGI The big story in smaller UK companies: High quality stocks at low valuations
The Mercantile A valuation bonanza among UK’s mid and smaller-cap space
JCH: Achieving dividend growth by focusing on dividend yield and growth
The Mercantile: The long-term power of reinvesting dividends
Investing for children: Helping future generations climb the property ladder through a Junior ISA
The Mercantile Investment Trust continues to deliver
In today’s unpredictable political and economic climate, having a well-diversified investment portfolio is key to ensuring you’re not overly exposed to one sector or market. Here we discuss three diversification checks every investor should consider to help manage risk and build long-term resilience.
US Earnings Bulletin First quarter 2025: Batten down the hatches
JAM: Why an uncertain US market needs an active approach
Economic growth and corporate earnings are the key in determining how far a bull market can run.
Invest in the heart of America. US smaller companies: Poised for recovery, primed for growth.
JPMorgan Global Growth & Income plc’s global best ideas investment strategy allows the portfolio to go almost anywhere and outperform the broader equity market across market cycles.
With the economy so strong, why don’t Americans feel better?
We’re approaching a pivotal moment for investors in the US. The S&P 500’s impressive rally (up 21% year to October 24) has until recently been dominated by a small number of stocks in the Magnificent Seven.
While Asia-Pacific real estate has been resilient, an improving environment in the US may produce a generational opportunity for real estate investors and drive an increase in JARA’s net asset value. The onset of inflation and rising interest rates towards the end of 2022 dramatically changed the landscape for real estate assets.
Austin Forey, portfolio manager, JPMorgan Emerging Markets Investment Trust, reflects on 30 years of investing in emerging markets and the lessons that have shaped his approach to investing.
Investing in high-quality emerging market companies with consistent dividends can be a winning strategy across market environments.
A number of macroeconomic and geopolitical variables are likely to influence the performance of emerging market companies and stock markets, notably the aftermath of elections, both in emerging markets and developed markets. JMG’s portfolio managers prepare for these potentially volatile environments by positioning the portfolio with the strongest businesses they can find at reasonable prices, which have the greatest potential to survive in weaker markets and to thrive in strong ones.
Geopolitical conflict, rising oil prices and increasing expectations for artificial intelligence (AI) are driving some of the biggest impacts on global stock markets. But depending on the regional market and a portfolio’s positioning, the results can vary widely. That’s been the case for the emerging Europe, Middle East and Africa (EMEA) region.
With several decades of experience in emerging market (EM) equities, Austin Forey, portfolio manager of the JPMorgan Emerging Markets Investment Trust plc (JMG), shares his seven truths about successful investing in this diverse asset class.
India’s bull market and China’s sluggish economy create two different challenges in the near term, but JMG’s portfolio managers are finding opportunities everywhere.
We believe successful, fast-growing companies often mature into dividend payers.
With an investment universe of over 1,300 companies across 24 starkly different economies, selectivity is crucial, writes John Citron.
Despite a backdrop of negative headlines on the Chinese economy, Chinese equities have performed well relative to other major markets over the past year—a notable achievement in light of US President Donald Trump’s tariff threats. Against this backdrop, we believe JPMorgan China Growth & Income plc (JCGI) is positioned for an improving macro environment.
Dividends can be attractive to investors in all markets: they inherently signal that companies are healthy and generating enough cash to be paid out to shareholders. For investors that are focused on quality and value, dividends are particularly important when looking at emerging market stocks.
The portfolio managers of JMG and JAGI are steering through tariff turbulence by focusing on high-quality companies with long-term strategies.
Japan is facing some political uncertainty, read this quick thought for the week for what this could mean for the Japan equity market outlook.
Making the case for investing in Chinese equities has not been easy in recent years. While there is no easy fix, we ask whether the intensifying policy response is the signal investors need to re-engage with the world’s second largest stock market.
India recently achieved a significant growth milestone by temporarily surpassing China to become the largest weighting in the MSCI Emerging Market Investable Market Index (MSCI EM IMI) in September. That feat reflects the success of Indian companies in translating economic growth into earnings growth and investors’ confidence in future growth. The portfolio managers of the JPMorgan Indian Investment Trust plc (JII) see this growth as evidence that India is starting to deliver on its long-term potential. They also believe that as the Indian economy continues to evolve, the growth drivers are changing.
Based in Singapore and Hong Kong, the portfolio managers of JPMorgan Asia Growth & Income plc (JAGI) incorporate views from analysts based in nine locations across the Asia Pacific region—and also hit the road to visit companies themselves in search of attractive investments in Asia.
Investment opportunities in Asia can be found across the region as we head into 2025. However, much rests on the outlook for Asia’s dominant economy, China.
Updates to the JPMorgan China Growth & Income plc portfolio reflect China’s evolving economy. The growth and changing drivers of China’s economy are playing out in a dynamic global macroeconomic environment. Investors, including the JPMorgan China Growth & Income plc (JCGI) portfolio managers, have been navigating the impacts of supply chain disruptions, inflation and now, the threat of trade tariffs.
Our overall outlook on the Japanese equity market is still positive, supported by factors beyond the corporate reform story that is creating greater shareholder value.
Improving corporate governance and low valuations are leading to increasing share buybacks and a wave of corporate transaction activity.
The latest data release suggests some upside potential for Chinese economic recovery. As the economy has not experienced a deep and prolonged deflationary spiral, there is still potential for domestic consumers and business confidence to restore with the right policies in place.
Japan has moved back into the limelight in 2025. While the record number of foreign tourists has placed the country as one of the favourite holiday destinations, it’s also rapidly coming back in to favour with the international investment community.
Historically, Indian companies, unlike many in other emerging markets, have been very impressive in translating economic expansion into earnings growth, a dynamic that has powered strong market returns. Therefore, there are reasons to believe that India still remains promising despite a loss in near-term momentum.
The AI-driven rally in Chinese equities may be more sustainable than past upcycles, with technological advancements driving earnings and valuations. However, sustaining sentiment will require positive macro catalysts, such as domestic stimulus and the US trade relationship.
Excitement around Asian technology companies, improving sentiment on China and softening of the US exceptionalism story are renewing investor interest in Asian equities.
India’s strong growth and abundance of high-quality companies creates the potential for robust equity returns.
The conventional saying, “When the US sneezes, the rest of the world catches a cold,” suggests that given the US’s sheer size and global economic linkages, a US slowdown or equity market pullback could have severe spillovers globally.
JEGI’s steady investment approach has generated strong annualised returns consistent outperformance through past European macroeconomic challenges and geopolitical uncertainty.
JEDT Why small is beautiful in Europe
JEGI, JPMorgan European Growth & Income, Europe wakes as the US shakes
JEDT The power of small.
JEGI ‘Steady eddie’ approach to europe’s best companies pays off
Investing for income and growth
J.P. Morgan Asset Management Investment Trusts INVESTING IN UNCERTAIN TIMES
Investing for children: Why it pays to nurture the regular savings habit
Beyond birthdays: Helping children build wealth through financial gifts
Whilst investors may enjoy the certainty that cash ISAs provide, when looking to invest for the long term, there is a risk attached to cash. Over the long term, interest on savings accounts tends not to keep pace with inflation. And that means your cash loses value in real terms. In this article we discuss the merits of taking some investment risk (within a Stocks and Shares ISA) and what factors there might be to consider.
Junior ISA Tax-efficient investing for children.
Discover the reasons for investing in a JISA, and why they're potentially one of the most effective ways to save for your child's future.
As the tax year-end approaches and astute investors wonder where to channel their remaining ISA allowance and pension top-ups, we look at which markets could offer the most potential within the investment trust arena.
When you buy an investment trust you become a shareholder of that trust, giving you the chance to have a say on how your trust is run. These rights are yours whether you hold your shares directly (in your own name) or through an investment platform. If you fall into the latter group – as most private investors do these days – you can take action to ensure you have your say and also to keep in the know more generally by receiving the latest news and views.
Today’s unprecedented pace of technological change is creating attractive investment opportunities across global markets and sectors. One of the most effective ways to capitalise on this growth potential is through investment trusts.
JISA Investing for children: From piggy banks to portfolios
ETF Perspectives
Explore insights from J.P. Morgan Asset Management’s ETF research. In addition discover data and commentary on current topics related to ETF classes and strategies.
Insights App allows you to create custom versions of our industry-leading Guide to the Markets You’ll find audio commentary and talking points for each Guide slide along with videos, podcasts, market bulletins, commentary and portfolio analytics – all of which you can save, organise and share.
