Schroders: Future investment divergence will become the main theme, Waller nomination brings confidence to some investors

Golden Ten Data, April 13th｜Dorian Carrell, Head of Multi-Asset Income at Schroders, stated that looking ahead, January has set the tone for 2026: in an increasingly fragmented world, divergence will become the main theme. Liquidity remains ample, but market leadership is becoming decentralized. Policy paths diverge, business models face reassessment, and in a realistic growth outlook, maintaining valuation discipline is a key factor for success. Expanding investment breadth is not just a theme, but a necessity. The firm continues to focus on regions, sectors, and securities with reasonable valuations, pragmatic expectations, and improving fundamentals. Given that the highest-valued markets are tilted towards U.S. stocks, the nomination of Fed Chair candidate Waller has provided confidence for some investors.