As the third-quarter equity earnings season begins, we anticipate broadly supportive results, with a strong focus on the ongoing AI investment cycle and commentary from the hyperscalers. While revenue generation will be a key theme heading into 2026, significant execution risks remain despite the expansive opportunity set.

Amid growing policy uncertainties in the United States, investors may find merit in diversifying portions of their equity exposure away from the US toward other markets, such as China, Switzerland, India, and Japan, where policy settings appear more favourable.

In fixed income, listed corporate credit continues to look attractive, supported by tightening spreads and limited new supply.

This episode is presented by Bhaskar Laxminarayan, Chief Investment Officer Asia and Middle East at Julius Baer.