MoneyWeek Talks Tom Stevenson's fund picks for 2026
Feb 4, 2026
Tom Stevenson, investment director at Fidelity with decades of market-writing and fund-picking experience, reveals his top fund picks for 2026. He discusses balancing UK and US equity exposure, the case for emerging markets, and when passive funds suit beginners. He also covers retirement trade-offs, AI valuation risks, and practical saving tips in short, actionable segments.
AI Snips
Chapters
Transcript
Episode notes
Position For An Emerging Markets Recovery
- Add emerging-market exposure when the dollar weakens and rates ease to boost returns.
- Consider the Lazard Emerging Markets Fund for experienced, long-term EM management.
Start With Low-Cost, Diversified Funds
- Beginners should prioritise diversification and low costs to avoid early losses.
- Use passive funds (index trackers) to keep fees low and get broad market exposure.
Balance Risk Reduction With Inflation Protection
- As retirement nears, reduce risk but keep enough equity to protect against inflation.
- Balance avoiding losses with staying invested so your pension sustains long retirements.