Capital Ideas™ 
Investment insights from Capital Group

2025 Midyear Investment Outlook

Our latest Outlook report offers actionable insights into global markets

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As we reach the midpoint of 2025, the change we’ve witnessed since the start of the year is staggering and has translated into a high level of market volatility. We are in the middle of a fundamental restructuring of the geopolitical order that we’ve known since the end of World War II — politically, militarily and economically.

It’s become much harder to determine where to invest, over what period and what types of returns to expect. However, volatility presents opportunity for fundamental, bottom-up investors. It’s our job to identify compelling investment themes in any market environment. Here and in our Midyear Outlook report, we offer you an overview of those opportunities as we see them.

 

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MSCI All Country World ex USA Index is a free float-adjusted market capitalization-weighted index designed to measure equity market results in the global developed and emerging markets, excluding the United States. The index consists of more than 40 developed and emerging market country indexes.

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Russell 1000 Growth Index measures the results of the large-cap growth segment of the U.S. equity universe.

Russell 1000 Value Index measures the performance of large-cap value segment of the U.S. equity universe.

Russell 2000 Index measures the performance of 2,000 small-cap stocks.

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