The B Capital Newsdesk
B Capital on LinkedIn
What We Are Saying On X
Our Q42025 move: increased EM exposure whilst cutting India
Why? EM trades at discounts with strong policy frameworks. India at premium valuations with rupee pressure ahead
Rotated to: Chinese tech, Korean leaders, SE Asian beneficiaries
Our rationale: https://bcapital.partners/wp-content/uploads/2025/12/B-Capital-SA_2026-Investment-Outlook.pdf
'26 Inflation - a smooth return to 2%?
The Reality - tariff pass-through delayed, services sticky at 2.8%, labour costs rising
Persistent inflation + dovish Fed = negative real rates
Our positioning: hard assets, commodities, pricing power
Full report: https://bcapital.partners/wp-content/uploads/2025/12/B-Capital-SA_2026-Investment-Outlook.pdf
Dollar fell 11% in H1 2025 - worst since '73.
Fed chair transition May 2026 + rate cuts ahead + 2.8% inflation = continued weakness.
Our highest conviction theme: overweight precious metals, industrial commodities.
Read our complete positioning: https://bcapital.partners/wp-content/uploads/2025/12/B-Capital-SA_2026-Investment-Outlook.pdf
2026 GDP forecast: 2.8%. Sounds stable?
Reality: US equities at 24x earnings, tech weight matching late-90s levels. EM trading at steep discounts. IMF draws parallels to dot-com bubble.
Headline says goldilocks. Detail says be selective.
Full outlook: https://bcapital.partners/wp-content/uploads/2025/12/B-Capital-SA_2026-Investment-Outlook.pdf
Reflecting on 2025:
➡️ Precious metals & commodities overweight delivered. Gold +47%, silver +64%
➡️Dollar weakness + persistent inflation thesis played out
Adapting for 2026:
⏩We're adding EM
⏩Reducing India
⏩Hedging US equities
Full outlook: https://bcapital.partners/wp-content/uploads/2025/12/B-Capital-SA_2026-Investment-Outlook.pdf
#NewYear #NewYear2026 #Health #Happiness #Prosperity
