Q4 2025 BIM Review

INVESTMENT ENVIRONMENT

Markets pivot to 2026 with optimism as trade pragmatism and cooling inflation broaden the recovery beyond AI-driven wealth concentration.

EQUITY MARKETS

Improving financial conditions and M&A momentum create a constructive setup for sectors previously hampered by high
rates.

FIXED INCOME MARKETS

Yield curve volatility persists despite central bank easing, yet corporate credit appetite remains very strong, absorbing significant issuance.