28.11.25

Reflecting on Our Annual Investment Seminar in Jersey

Oakglen Wealth Investment Seminar: Trumped! Or Triumphant? Navigating Global Markets in 2026
St Helier, Jersey | 19 November 2025

Last week, we were delighted to host our annual investment seminar at the Pomme d’Or Hotel in St Helier, Jersey, welcoming over 130 attendees. The event brought together clients, partners and colleagues for an engaging discussion on the forces shaping global markets as we approach the end of 2025.

Our Chief Investment Officer, Jeff Brummette, led the session with a thoughtful and well-grounded overview of the current macroeconomic landscape. Drawing on decades of experience in global markets, Jeff guided attendees through the major trends that are influencing growth, policy and investment positioning, as well as the opportunities and risks that are coming into view for 2026.

The seminar offered far more than a market update. It provided a chance to step back and reflect on how structural shifts, political developments and evolving economic pressures are creating a subtly different investment backdrop from the one we faced even a year ago.

 

 

Below are some of the central themes explored during the discussion.

 

Global Growth, Inflation and Policy Direction

One of the most important questions in any investment outlook is the path of inflation and growth. Over the course of 2025 we have seen inflation recede toward more comfortable levels across major economies, allowing central banks to start reducing interest rates. Although cuts are likely to continue, Jeff highlighted that the tempo is expected to moderate as policymakers balance disinflation with persistent fiscal pressures and large government borrowing needs.

The world economy is still growing, although at a slightly slower pace than last year. The IMF’s projections suggest that output in 2026 will hold steady across most regions. The United States continues to demonstrate resilience, supported in part by investment in technology and infrastructure, while Europe and the United Kingdom are seeing early signs of improvement after a softer period.

A recurring theme across the discussion was the scale of public debt, which is now elevated in many advanced economies. This creates constraints but also shapes the policy landscape, as governments remain inclined to maintain supportive fiscal stances. At the same time, geopolitical tensions and changing trade dynamics introduce additional complexity for investors.

 

Structural Shifts in Key Sectors

The seminar also explored the significant shifts underway within several major sectors. Three areas in particular are drawing increasing attention from investors.

 

AI and Technology

The surge in artificial intelligence related capital expenditure is becoming one of the most powerful investment forces of this cycle. Technology companies are committing unprecedented spending on infrastructure, data centres and hardware. While this represents an enormous opportunity, Jeff noted that the focus is increasingly turning toward return on invested capital rather than growth for its own sake. Understanding how these investments translate into sustainable earnings will be a central theme for 2026.

 

Energy and Resources

Energy markets have shown notable volatility in recent years. Looking ahead, the expectation is for relatively soft energy prices, although geopolitical events could still intervene. Meanwhile, the world’s accelerating demand for electricity and data is increasing pressure on power grids. This links directly to the need for more copper and other essential materials. Mining, materials and energy infrastructure are becoming strategic considerations for long term portfolio construction.

 

Defence and Geopolitics

Rising geopolitical uncertainty has contributed to increased defence spending around the world. This shift is now being reflected in budgets, supply chains and long-term planning. The sector is drawing more attention from investors who are looking to understand both the risks and the potential opportunities associated with this changing landscape.

 

Navigating the Year Ahead: Portfolio Considerations for 2026

Jeff’s outlook for 2026 emphasised the importance of flexibility, selectivity and awareness of policy transitions. While the macro environment is steadier than it was two years ago, it is far from settled.

Several key considerations came to the forefront:

  • Central banks have scope to cut rates further, although any resurgence in inflation could prompt them to pause.

     

  • Long term interest rates may remain elevated, which makes duration risk a factor to monitor carefully.
  • Global defence spending, AI related investments and energy system upgrades are likely to continue driving capital flows.
  • Trade policy uncertainty, especially in the U.S., could affect sectors unevenly and may create new winners and losers.
  • China appears poised to introduce additional fiscal stimulus to support growth.
  • Developments in the Russia–Ukraine conflict and U.S. political dynamics may also influence market sentiment.

 

In this environment, investment allocation becomes a question of balance. Themes such as energy, defence, mining and technology offer long term potential, while caution remains warranted for areas that are highly sensitive to interest rates. Banks and other financials also present selective opportunities as yield curves shift.

 

 

Why Events Like This Matter

Our annual seminar is more than an opportunity to present data. It is a chance to bring people together to make sense of an environment that is both changing and full of possibility. These conversations help ensure that clients and partners stay informed, confident and equipped to make thoughtful decisions, even when conditions are uncertain.

The insights shared by Jeff and the discussions among attendees reinforced the value of stepping back to see the broader picture. Understanding how macro trends filter down into specific sectors, regions and portfolio strategies is essential for navigating the year ahead.

We would like to thank everyone who joined us for the event. Your questions, perspectives and contributions made the session both insightful and enjoyable. We look forward to continuing the dialogue through 2026 and beyond.

 

The price and value of investments and any income that might accrue may fall as well as rise and is not guaranteed. You may not get back the amount of your original investment.

 

_______

 

Hear more from the Oakglen experts

Our investment team continue to provide interesting and informative content to help keep you in the loop on recent global news and market trends. See below for some key highlights from around the world which some of the investment management team have recently covered:

 

Read more:

 

 

 

You can read other articles from the team on our News & Insights page.

Sign up below to receive similar content directly into your inbox.

 

 

Want to become an Oakglen client?

Get in touch with one of our wealth team via the Contact Us page to hear more about our products and services, and how suitable they are for you and your personal circumstances.

Oakglen Wealth
Company News

Disclaimer

This document is distributed by Oakglen Wealth Limited and / or Oakglen Wealth (Jersey) Limited (hereafter “Oakglen”) to you for your information and discussion only. Unless otherwise stated nothing in this document constitutes investment, legal, accounting, real estate, conveyancing, surveying or tax advice, or a representation that any investment is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation to you. It is not a solicitation or an offer to buy or sell any security or other financial instrument. Any information including facts, opinions or quotations, may be condensed or summarised and is expressed as of the date of writing. The information may change without notice and Oakglen is under no obligation to ensure that such updates are brought to your attention. The price and value of investments and any income that might accrue could fall or rise or fluctuate. The price of shares and income from them may fall as well as rise and is not guaranteed. You may not get back the amount of your original investment. A change in the economic environment, possible changes in the law and other events may cause future performance to deviate from that expressed or implied in this document. Please note that past performance, simulations and forecasts are not a reliable guide to future returns. If an investment is denominated in a currency other than your base currency, changes in the rate of exchange may have an adverse effect on value, price or income. Investing in Packaged Retail and Insurance-based Investment Products (PRIIPs) carries a high level of risk and may not be suitable for all investors. Any information provided by a client and used to produce this document will have been checked by Oakglen for plausibility only and the client notified accordingly of any obvious anomalies. This document and any related recommendations or strategies may not be suitable for you; you should ensure that you fully understand the potential risks and rewards and independently determine that it is suitable for you given your objectives, experience, financial resources and any other relevant circumstances. You should consult with such adviser(s) as you consider necessary to assist you in making these determinations. The opportunities and risks associated with each investment product can be found in the relevant underlying securities prospectus and any other supplementary documents. All documents will be made available at any time upon request. Oakglen does not advise on the tax consequences of investments, and you are advised to contact a tax adviser should you have any questions in this regard. The levels and basis of taxation are dependent on individual circumstances and are subject to change. This document may relate to investments or services of an entity/person outside the United Kingdom, or to other matters which are not regulated by the Financial Conduct Authority, or in respect of which the protections of the Financial Services Compensation Scheme. Further details as to where this may be the case are available on request in respect of this document. Additionally, this document may relate to investments or services of an entity/person outside Jersey, or to other matters which are not regulated by the Jersey Financial Services Commission, or in respect of which the protections of the Jersey Financial Services Commission for retail clients. Further details as to where this may be the case are available on request in respect of this document. This document has been prepared from sources Oakglen believes to be reliable, but we do not guarantee its accuracy or completeness and do not accept liability for any loss arising from its use. Oakglen reserves the right to remedy any errors that may be present in this document. Oakglen, its affiliates and / or their employees may have a position or holding, or other material interest or effect transactions in any securities mentioned or options thereon, or other investments related thereto and from time to time may add to or dispose of such investments. This document is intended only for the person to whom it is issued by Oakglen. It may not be reproduced either in whole, or in part, without our written permission. The distribution of this document and the offer and sale of the investment in certain jurisdictions may be forbidden or restricted by law or regulation. This communication does not constitute the solicitation of an offer to purchase or subscribe for any investment or service in any jurisdiction where, or from any person in respect of whom, such a solicitation of an offer is unlawful. Investments may have no public market or only a restricted secondary market. Where a secondary market exists, it is not possible to predict the price at which investments will trade in the market or whether such market will be liquid or illiquid. As such, for investments not listed or traded on any exchange, pricing information may be more difficult to obtain, and the liquidity of the investments may be adversely affected. A holder may be able to realise value prior to an investment’s maturity date only at a price in an available secondary market. The issuer of the investment may have entered into contracts with third parties to create the indicated returns and/or any applicable capital protection (in part or in full). The investment instrument's retention of value is dependent not only on the development of the value of the underlying asset, but also on the creditworthiness of the Issuer and / or Guarantor (as applicable), which may change over the term of the investment instrument. In the event of default by the issuer and/or Guarantor of the investment, and / or any third party the investment any income derived from such contracts is not guaranteed and you may get back none of, or less than, what was originally invested. Parties other than the Issuer or Guarantor (as appropriate) mentioned in this document (for instance the Lead Manager, Co-structurer, Calculation Agent or Paying Agent) do neither guarantee, repayment of the invested capital nor financial return on the investment product, if nothing is indicated to the contrary. Any capital protection given is usually an inherent part of the product; provided through the use of options, futures or other derivative products. You may have to accept smaller returns on an investment relative to a direct investment in the underlying index, basket, etc. because of the costs involved in providing the capital protection. Such capital protection normally only applies if the investment is held until maturity. The amount of initial capital to be repaid may be geared, which means that a fall in the underlying index or securities may result in a larger reduction in the amount repaid to investors. Alternative investments, derivatives or structured products are complex instruments that typically involve a high degree of risk and are intended for sale only to investors who are capable of understanding and assuming the risks involved. Structured products carry counterparty risk, in that in the event of default by the issuer you may lose some or all of your capital invested even when the product carries capital guarantees. Where this document relates to emerging markets, such investments should be made only by sophisticated investors or experienced professionals, who have independent knowledge of the relevant markets, are able to consider and weigh the various risks presented by such investments and have the financial resources necessary to bear the substantial risk of loss of investment in such investments. The services described are provided by Oakglen or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Certain products and services may not be available in all locations or to all Oakglen clients. Data Source: Oakglen Wealth (Jersey) Limited and Oakglen Wealth Limited, otherwise specified. Oakglen is a registered business name of Oakglen Wealth (Jersey) Limited and Oakglen Wealth Limited. Oakglen Wealth (Jersey) Limited is regulated in Jersey by the Jersey Financial Services Commission for the conduct of Investment Business and is a limited company with company number 121454, incorporated in Jersey on 7 June 2016. Its business address is 4th Floor, 1 IFC, St Helier, Jersey, JE2 3BX. Oakglen Wealth Limited is authorised and regulated by the Financial Conduct Authority. The registered address of Oakglen Wealth Limited is 30 Golden Square, London, United Kingdom, W1F 9LD and is registered in England and Wales with number 13182724.

All articles