IN FOCUS6-8 min read
Schroders Equity Lens June 2026: your go-to guide to global equity markets
When valuations are at current high levels, the case for equities hinges strongly on earnings.
Lees volledig rapportSchroders Equity Lens June 2026
67 Pagina's
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The June 2026 edition of the Schroders Equity Lens is now available: Schroders Equity Lens
Summary:
- There is a bull market in earnings: 2026 earnings expectations continue to be revised higher (slides 5-7).
- EM is on fire with 55% growth forecast for 2026 and a further 20% next year
- IT sector is in the driving seat: 180% earnings growth forecast for EM IT this year, ~50% growth forecast for US/Japan IT
- Energy and materials sector earnings also growing strongly, but a decline forecast for energy earnings in 2027
- Performance to end of May largely reflects these shifts (slides 8-11):
- EM equities up 26% YTD.
- Globally, IT companies have rallied over 40% in the past two months, to sit on 32% YTD return
- IT has ~40% weight in MSCI USA and MSCI EM, driving these markets higher more recently
- Taiwan and Korea’s tech leaders powered them to overtake China as the biggest markets in MSCI EM. Both are highly concentrated markets, vulnerable to sentiment shifts
This month’s pack also includes updates on capex/fundamentals at US big tech, courtesy of Schroders global equities team
Chart of the month:
Lees volledig rapportSchroders Equity Lens June 2026
67 Pagina's
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