Saxo Investor Forecast Survey reveals investors trust global and US markets more than local ones
As we enter the final quarter of 2025, Saxo is launching its Investor Forecast - a survey designed to ask clients across our markets what they are paying attention to and how they are designing their investment strategy in the final three months of the year.
In the Investor Forecast, we asked Saxo clients how they believe three different stock markets - their local, the US, and the global - will perform, the further away from home you get, the more optimistic clients become. As such, 49% of the 1,834 respondents believe that the global equity market will see an "increase" or a "big increase," whereas the same number for their local markets is 35%.
Global confidence is also supported by clients' responses around which regions investors believe will perform the best and the worst. Here, North America and Asia-Pacific are rated as the most popular, with 32% and 27% picking those two, and with 37% choosing Europe (where most of the respondents reside) as the worst performing.
"Seeing how our clients view the world of investing is so interesting, and their belief in global markets relative to local ones is really something to take note of, especially from two points of view. On one hand, we also discuss the idea of home bias - investors' tendency to prefer their home markets - which this straight up contradicts. On the other hand, there's so much turmoil in the world, but at least according to our investors, there's still room for the global economy to outperform," says Jacob Falkencrone, Global Head of Investment Strategy.
Pronounced regional differencesThe Investor Forecast features country differences, which paint an intriguing picture of what's on investors' minds in Saxo's different markets. For instance, Denmark is the most supportive of its local stock market, the French are the most open to diversifying their portfolio, while the Dutch are using AI the least as part of their investment process, and Japan is the most optimistic on the US's behalf.
You can read the full report here.
About the surveyThe purpose of the survey has been to capture current investor expectations and behaviours across Saxo's markets. The survey ran from 1–14 September 2025 and had a total of 1,834 respondents.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 150 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,300 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
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