Global Investment Management Survey

The Franklin Templeton Institute expects 2026 global economic growth to exceed consensus while avoiding recession. The firm remains bullish on equities and favors short-duration fixed income and private market secondaries.

Key Takeaways

• 1.Global economic growth is expected to accelerate and outperform consensus forecasts in 2026, with no recession expected.
• 2.Equities are expected to finish 2026 higher, with S&P 500 targets between 7400–7800 supported by 15%+ earnings growth.
• 3.Fixed income remains attractive, particularly short duration, municipal bonds, and corporate credit, due to elevated yields and solid fundamentals.

Table of Contents

• Survey results related to the economy
• Survey results related to equities
• Survey results related to fixed income
• Our private market outlook
• Contributors
• Survey methodology
• WHAT ARE THE RISKS?
• IMPORTANT LEGAL INFORMATION