Global X 2026 Market Outlook

Over the past five years, investors have navigated one of the most turbulent periods in modern history.
A global pandemic, geopolitical tensions and the sharpest tightening cycle in decades. Despite these challenges, global markets have continued to grind higher.

As we move into 2026, the question is whether to assume such strength has run its course, or to recognise that the cycle may be evolving rather than ending. The Global X Investment Strategy team take the latter view and remain guided by research, not by noise. Our focus is on helping investors position for what comes next.

We enter the year Selectively Bullish - acknowledging the risks, but recognising the growing breadth of opportunity across regions, sectors and asset classes. Here are the key Global X themes shaping our 2026 outlook.

The global cycle is shifting from tightening to renewal, creating a supportive backdrop for growth and quality exposures across regions where valuations are still appealing.

Policy and politics are driving a renewed focus on real assets, income resilience and stores of value as fiscal expansion, election risk and currency debasement shape investment behaviour.

After years of heavy capex, 2026 will reward companies that turn investment into earnings and efficiency, while AI and infrastructure bottlenecks open the next wave of structural opportunity.