Stock markets reached new highs in January, but US shares continued to lag Europe and Asia. Sentiment remained optimistic, the pound strengthened, and bond markets held steady. Prices for gold and silver reached new peaks as international tensions rose. 

We are pleased to announce today that CCLA becomes part of the Jupiter Group, a UK-based active investment management company. Becoming a part of Jupiter secures our ability to serve the sectors we were established to support and to extend the reach of CCLA’s stewardship approach. Please find a summary of the announcement, a message from CCLA and Jupiter CEOs, Peter Hugh Smith and Matt Beesley, and latest FAQs.  

Each month our investment team provide a macro outlook into global investment markets.

Our first global benchmark on modern slavery reveals that the 100 largest global listed companies (UK companies excluded) underperform the 100 largest UK companies benchmarked at the end of 2025. 

In this update we reflect on 2025, outlining what’s worked and what hasn’t, what needs to change and what doesn’t. We set out the conclusions we have reached and our confident outlook for 2026.