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Investment Outlook - Q2 2025

Tom Stevenson

Tom Stevenson - Fidelity International

Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

Every quarter Tom Stevenson, Investment Director at Fidelity Personal Investing, analyses global markets and key asset classes to provide investors with a comprehensive overview of what he sees as the main possibilities and probabilities over the next 12 months.

Read, watch or listen

The full Investment Outlook report is available to download or read online below. There is also a video of Tom in conversation with Ed Monk in which he answers customers’ questions, plus three short clips that focus on specific asset classes.

Watch Tom Stevenson discuss the key issues

Ed Monk invites Tom Stevenson to talk through the highlights of the latest Investment Outlook and answer your questions on what lies ahead.

[48:33 min watch]

Watch the latest Q&A
Investment outlook q2-2025 cover

Read Investment Outlook

You can read the full Investment Outlook online or download it to save for later.

Highlights include riding the tariff turmoil and an update on Tom Stevenson's fund picks.

Read Investment Outlook

Previous Investment Outlooks

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Investment Outlook 2025 - Quarter 1

Managing rising risks

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Tom Stevenson Fidelity International - 08 Jan 2025

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Investment Outlook 2024 - Quarter 4

The turn in the cycle

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Tom Stevenson Fidelity International - 10 Dec 2024

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Investment Outlook 2024 - Quarter 3

Diversification is back

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Tom Stevenson Fidelity International - 27 Sep 2024

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Investment Outlook 2024 - Quarter 2

The rally is broadening

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Tom Stevenson Fidelity International - 11 Apr 2024

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