The plates under the global economy are shifting

Advances in technology, population change, decarbonisation and geopolitical pressures are both catalysing new industries and rendering some assets obsolete.

To make sense of these rapid changes, we have defined four megatrends that we expect to drive private investment performance and capital allocations for the remainder of this decade – and beyond.

Structural drivers: the four key megatrends

Older woman with young child on a swing seat

Demographics

Changes in population structures could transform labour forces, radically shift demand patterns, and reshape the global economy.

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Wind turbines in rolling hills

Decarbonisation

Moving away from fossil fuels may create a generational opportunity in renewable energy and its supporting infrastructure.

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Digital fibre

Digitalisation

We think AI and robotics will together accelerate the digital revolution in more and more industries.

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Thinning rope

Deglobalisation

Increased geopolitical risk could encourage global companies to adjust their supply chains to favour friendly countries. 

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Key risks

The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Past performance is no guarantee of future results.