J.P. Morgan Personal Investing

In our latest investor update, Director of Investment Strategy Brad Holland recaps a busy January and explains what has been driving financial markets this month.

About this update: This update was recorded on 3 February 2026. All figures, unless otherwise stated, relate to the month of January 2026.

Sources: MacroBond, J.P. Morgan Personal Investing and Bloomberg.

Risk warning: As with all investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance and forecasts are not a reliable indicator of future performance. We do not provide investment advice in this update. Always do your own research.

In our latest investor update, Portfolio Manager Bola Onifade reviews how markets rounded out 2025, and unravels the bond market clues that might hint at what investors are thinking.

In our 2026 investment outlook, we set out our key investment themes for the coming year. Our wealth experts also provide their key takeaways for the start of a new year, now there is firm ground on the the back of an action-packed Autumn Budget.

If you want the detail and analysis that underpins these themes, you can access our full, written 2026 investment outlook on our website: https://www.personalinvesting.jpmorgan.com/guides/our-investment-outlook

This podcast features:

- Pacome Breton, Head of Portfolio Management
- Scott Gardner, Investment Strategist
- Brad Holland, Director of Investment Strategy
- Bola Onifade, Portfolio Manager
- Chris Liebetrau, Senior Wealth Manager & Financial Planner.

About this update: This update was recorded on 8 December 2025.

Sources: MacroBond, J.P. Morgan Personal Investing and Bloomberg.

Risk warning: As with all investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance and forecasts are not a reliable indicator of future performance. We do not provide investment advice in this update. Always do your own research.

In our latest investor update, Brad Holland, Director of Investment Strategy, reviews a positive month for global equities and explains why we saw such a notable drop in UK government bond yields.

About this update: This update was recorded on 6 November 2025. All figures, unless otherwise stated, relate to the month of October 2025.

Sources: MacroBond, J.P. Morgan Personal Investing and Bloomberg.

Risk warning: As with all investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance and forecasts are not a reliable indicator of future performance. We do not provide investment advice in this update. Always do your own research.

In our October investor update, Pacome Breton, Head of Portfolio Management, explains why investor enthusiasm over the Federal Reserve's September rate cut outweighed more mixed news elsewhere, lifting most markets.

About this update: This update was recorded on 7 October 2025. All figures, unless otherwise stated, relate to the month of September 2025.

Sources: MacroBond, Nutmeg and Bloomberg.

Risk warning: As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Past performance and forecasts are not a reliable indicator of future performance. We do not provide investment advice in this update. Always do your own research.