The 11th edition of this annual survey gathered insights from C-suite professionals across 63 IMAS member firms from “late November to early December 2025). These participants, including Singapore-based fund managers and asset owners, collectively oversee more than US$35 trillion in global assets.
Singapore-based fund managers anticipate heightened geopolitical risks and market volatility in 2026, according to the latest IMAS Investment Managers’ Outlook Survey. While perspectives on global inflation remain nuanced, 69% of respondents expect the US Federal Reserve to implement rate cuts exceeding 0.5% by year-end, signalling a trend toward monetary easing despite macroeconomic uncertainty.
Furthermore, 60% of respondents express concern that the independence of major central banks may erode in 2026, reflecting anxieties over political encroachment on monetary policy.

