The US faces uncertainty under Trump 2.0, and Europe needs the kind of radical changes already seen in US exceptionalism. Our base case for asset class returns sees equities rising in single digits amid a backdrop of elevated real bond yields and an overvalued US dollar whose safe-haven status is being gradually eroded.
A key trend in 2025 will be transition investing, where we see rapid growth in products as decarbonization gains momentum. Nature action should also gain in importance following the success of the COP 16 biodiversity summit.
Leave your details and download the publication
Stay informed on our latest insights
Receive our Robeco newsletter and be the first to read the latest insights.
Important information
The contents of this document have not been reviewed by the Securities and Futures Commission ("SFC") in Hong Kong. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document has been distributed by Robeco Hong Kong Limited (‘Robeco’). Robeco is regulated by the SFC in Hong Kong. This document has been prepared on a confidential basis solely for the recipient and is for information purposes only. Any reproduction or distribution of this documentation, in whole or in part, or the disclosure of its contents, without the prior written consent of Robeco, is prohibited. By accepting this documentation, the recipient agrees to the foregoing This document is intended to provide the reader with information on Robeco’s specific capabilities, but does not constitute a recommendation to buy or sell certain securities or investment products. Investment decisions should only be based on the relevant prospectus and on thorough financial, fiscal and legal advice. Please refer to the relevant offering documents for details including the risk factors before making any investment decisions. The contents of this document are based upon sources of information believed to be reliable. This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Investment Involves risks. Historical returns are provided for illustrative purposes only and do not necessarily reflect Robeco’s expectations for the future. The value of your investments may fluctuate. Past performance is no indication of current or future performance.