Key takeaways:
- Investor risk appetite showed remarkable resilience, remaining steady and balanced despite persistent macroeconomic uncertainty and shifting market dynamics.
- In a cautious but opportunistic market, European investors stayed local, leaned into large-cap tech and financials, and held back on small caps – awaiting clearer signals on rates.
- European clients reduced duration as a response to increased interest rate volatility and focused on active managers to navigate uncertainty.
- Shift toward active management, especially in fixed income.
In this dynamic financial environment, understanding allocation shifts is crucial. Utilising the Janus Henderson EdgeTM analytics platform, we’re able to uncover investment trends to help inform your decision-making process.
In this edition, we focus on aggregated data from European (excluding UK) portfolios across two distinct six-month intervals: September 2024 – February 2025 and March 2025 – August 2025. Those 6 months are referenced throughout the report as “February 2025” and “August 2025”.
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These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
The information in this article does not qualify as an investment recommendation.
There is no guarantee that past trends will continue, or forecasts will be realised.
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