Multi-Asset Quarterly Q4 2025: Portfolio positioning as markets seek all-time highs
What do current market dynamics mean for asset allocation? The Market GPS Multi-Asset Quarterly highlights key drivers and positioning.
5 minute read
Key takeaways:
- As investors face richly priced risk assets and a global economy facing risks, we believe balanced positioning is appropriate until greater visibility on policy and growth trajectories emerge.
- Reasons for near-term optimism include tailwinds of U.S. lower rates, continued economic strength and the resilience of the highly important U.S. consumer.
- Meanwhile, new risks are introduced by sticky inflation and U.S. employment data weakness.
The Janus Henderson Multi-Asset Team applies a “partnership and transparency” approach, providing access to differentiated insights, disciplined investments, and world-class service. This quarterly update shares the team’s views on market dynamics as well as the dashboard that informs their positioning across Janus Henderson’s range of multi-asset models and portfolios.
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IMPORTANT INFORMATION
Equity securities are subject to risks including market risk. Returns will fluctuate in response to issuer, political and economic developments.
Fixed income securities are subject to interest rate, inflation, credit and default risk. As interest rates rise, bond prices usually fall, and vice versa. High-yield bonds, or “junk” bonds, involve a greater risk of default and price volatility.
Smaller capitalization securities may be less stable and more susceptible to adverse developments, and may be more volatile and less liquid than larger capitalization securities.
Sovereign debt securities are subject to the additional risk that, under some political, diplomatic, social or economic circumstances, some developing countries that issue lower quality debt securities may be unable or unwilling to make principal or interest payments as they come due.
Related insights
5 minute read
Key takeaways:
- As investors face richly priced risk assets and a global economy facing risks, we believe balanced positioning is appropriate until greater visibility on policy and growth trajectories emerge.
- Reasons for near-term optimism include tailwinds of U.S. lower rates, continued economic strength and the resilience of the highly important U.S. consumer.
- Meanwhile, new risks are introduced by sticky inflation and U.S. employment data weakness.