Franklin Templeton Institute
January 1, 2026
Global Investment Management Survey
Macro ThematicEquitiesRates CreditRates Govt BondsIndustrialsHealth Care
The Franklin Templeton Global Investment Management Survey predicts modest global GDP acceleration in 2026 with no recession and an S&P 500 target of 7000-7400. The outlook favors US large-caps, high-yield credit, and private equity secondaries while monitoring geopolitical risks.
Key Takeaways
- 1.Global economic growth is expected to accelerate modestly in 2026 with no recession anticipated.
- 2.Equities are expected to end 2026 higher, with an S&P 500 target range of 7000–7400.
- 3.Fixed income strategy favors high-yield bonds and short-duration assets as rates decline slowly.
Table of Contents
- Expectations for 2026 Based on the Franklin Templeton Global Investment Management Survey
- 2026 GDP Accelerating Modestly
- Inflation Stable, Rates Stable
- Corporate Credit and Short Duration to Outperform Cash
- Equities Likely to End the Year Higher
- EMEA focused
- Survey results related to the economy
- Survey results related to equities
- Survey results related to fixed income
- Our private market outlook
- Contributors
- Survey methodology
- Methodology for exhibit 9
- WHAT ARE THE RISKS?
- IMPORTANT LEGAL INFORMATION
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Authors
Stephen Dover, CFAChris GalipeauRick Polsinello, CIMATaylor Topousis, CFATony Davidow, CIMA
Securities
SPXSXXP10-year US TreasuryGerman Bund 10-YearEURUSD
Themes
Broadening EquitiesSticky but Stable InflationPrivate Market Liquidity Needs
Regions
North AmericaEuropeAsia PacificUnited StatesGermanyChina