Market Commentaries | October 20, 2025

Q4 2025 Investment Outlook & Portfolio Strategy

Read our latest quarterly Investment Outlook and Portfolio Strategy document, providing a financial market recap for Q3 and our outlook for the next 12-18 months.

Downside risks to economic growth are looming large as uncertainty stemming from President Trump’s trade policies upend global activity – though tariff-induced inflation limits the ability of central banks to come to the rescue in a meaningful way.

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Market Commentaries

December 5, 2025

Global Asset Allocation Team Market Update – December 2025

Financial markets were whipsawed in November.

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Jean-Guy Desjardins

Founder of Fiera Capital and Executive Chair of the Board

Candice Bangsund

Vice President and Portfolio Manager, Global Asset Allocation and Private Markets Solutions

Insights

November 7, 2025

Global Asset Allocation Team Market Update – November 2025

The fourth quarter got off to a strong start. Solid economic and corporate earnings results in the United States provided a tailwind for global stock markets – while a tentative trade truce between the United States and China added to the optimistic mood in the market.