2026 Investment Outlook: Resilience and Rebalancing
Invesco's December 2025 outlook expects stocks to keep rising in 2026, noting global stocks gained 17.5% in 2025 through October on the MSCI World Index.
Outlooks· Web page
What it says
Figures as stated by Invesco, Dec 1, 2025- Invesco expects cheaper US borrowing and fiscal support from Europe, Japan and China to lift the global economy from what it calls a mid-cycle slowdown in 2026.Invesco
- Invesco sees US stocks, especially AI-driven technology, as richly valued, and points to lower valuations in non-US markets, smaller companies and US cyclical sectors.Invesco
- Invesco expects diverging central bank policies to weaken the US dollar, which it says would support emerging market assets in 2026.Invesco
- Invesco expects private credit to do well if risk stays contained, growth improves, inflation holds steady and US monetary policy eases.Invesco
The ETFIQ take
ETFIQ data to Oct 20, 2026 · the 713 of 4,807 ETFs ETFIQ covers with a daily figure, Jan 2, 2026 to Oct 20, 2026Invesco reports a 17.5% year-to-date return for the MSCI World Index through October 31, 2025. From Jan 2, 2026 to Oct 20, 2026, the ETFs ETFIQ can count had a net flow of +$461.8bn, with +$239.1bn for stock ETFs and +$177.3bn for bond ETFs.
+$461.8bnnet flow, Jan 2, 2026 to Oct 20, 2026, summed over the 713 of 4,807 ETFs ETFIQ covers with a daily figureOct 20, 2026 · ETFIQ →+$127.9bnnet flow, Sep 21, 2026 to Oct 20, 2026, summed over the 746 of 4,807 ETFs ETFIQ covers with a daily figureOct 20, 2026 · ETFIQ →+$239.1bnnet flow into stock ETFs, Jan 2, 2026 to Oct 20, 2026, over the 319 of 1,739 with a daily figureOct 20, 2026 · ETFIQ →+$177.3bnnet flow into bond ETFs, Jan 2, 2026 to Oct 20, 2026, over the 184 of 833 with a daily figureOct 20, 2026 · ETFIQ →
Paper: Global stocks and economies, outlook for 2026. ETFIQ: the 713 of 4,807 ETFs ETFIQ covers with a daily figure, Jan 2, 2026 to Oct 20, 2026. Net flow is the change in shares outstanding times the day’s NAV, summed over the days in the window, for the funds with a daily figure. The two sets and windows differ; the figures are stated, not reconciled.MethodData
Related ETFs
The largest ETFs ETFIQ covers, by net assetsVOOVanguard S&P 500 ETF+16.5%IVViShares Core S&P 500 ETF+16.5%SPYSPDR S&P 500 ETF Trust+16.4%VTIVanguard Morningstar Total Stock Market ETF+15.9%QQQInvesco QQQ Trust, Series 1+19.2%VUGVanguard Morningstar Growth ETF+11.2%
Figure: total return, 1 year, to Oct 21, 2026, from each fund’s page. All 4,807 ETFs in the screener →
Related papers
Same topic, other sources
State Street Investment ManagementIssuerftFirst TrustIssuer
Forecasts as of January 2026.Jan 7, 2026 · ETFIQ takeuUBSBank
CIO maintains a positive investment outlook for global equitiesJan 6, 2026 · ETFIQ takeQuestions people ask
What does the Invesco paper conclude?
Invesco's December 2025 outlook expects stocks to keep rising in 2026, noting global stocks gained 17.5% in 2025 through October on the MSCI World Index. The paper’s own words are at the link above.
What does ETFIQ’s data show on the same question?
From Jan 2, 2026 to Oct 20, 2026, the ETFs ETFIQ can count had a net flow of +$461.8bn, with +$239.1bn for stock ETFs and +$177.3bn for bond ETFs. ETFIQ states both figures and does not reconcile them.
What do ETF flows show about an outlook?
Where investors actually moved money over the same months: the net flow into stock and bond ETFs, dated, beside the paper’s forecast. More on this →
Where can I read “2026 Investment Outlook: Resilience and Rebalancing”?
On Invesco’s own site. ETFIQ summarizes the paper and does not host it. Invesco’s page ↗
Cite this pageCitation, APA and Markdown
ETFIQ, 2026 Investment Outlook: Resilience and Rebalancing (Invesco), summary and ETFIQ take, as of Oct 21, 2026. https://etfiq.com/research/library/invesco-2026-investment-outlook-resilience-and-rebalancing/
Summary by ETFIQ. ETFIQ is not affiliated with Invesco; logos identify the source.