Investing in 2026: Risks, returns & what comes next?

"It's time to diversify beyond American markets." 

Europe offers double-digit earnings growth, and Chinese equities are historically cheap. That was the outlook from Mr. Jean-Marie Mercadal, CEO of Syncicap Asset Management, at our February 25th Breakfast Talk Rendez-Vous on "Investing in 2026: Risks, Returns, and What's Next."

Speaking to FMCC members, Mr. Mercadal urged investors to look beyond US markets, highlighting significant valuation opportunities in Europe, China, and Emerging Asia for the year ahead.

On the AI boom, when asked "Are we in an AI bubble?", Mr. Mercadal drew a parallel with the dot-com era but concluded: "It is comparable, but we are not in a bubble to the extent that we saw in 2000." However, he warned that the shift to capital-intensive models could spark volatility.

The session concluded with macroeconomic forecasts and a call to consider portfolio diversification into rare metals.

We extend our sincere gratitude to Mr. Mercadal for sharing his invaluable expertise with our members. Our thanks also go to all attendees for their participation, and to Sofitel Macau at Ponte 16 for co-sponsoring the venue.

The FMCC looks forward to welcoming you to our future events!

Reports: 

-https://macaubusiness.com/ai-development-yet-to-show.../

-https://macaudailytimes.com.mo/europe-china-offer-value...

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