Multi Asset Quarterly Q3 2025: Staying invested and diversified in an uncertain economy
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:
- Economic uncertainty remains as investors await to see whether U.S. economic resilience and the potential stimulative benefits of the Big Beautiful Bill can overcome the headwinds of renewed tariff threats.
- Squaring an uncertain backdrop with elevated equity valuations is a challenging proposition but with scant signs of material economic weakening, we believe one should stay invested and maintain vigilance.
- Diversification should be prioritized in this environment, with healthy core fixed income yields, alternative assets, and global equities presenting opportunities for uncorrelated returns.
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.
5 minute read
Key takeaways:
- Economic uncertainty remains as investors await to see whether U.S. economic resilience and the potential stimulative benefits of the Big Beautiful Bill can overcome the headwinds of renewed tariff threats.
- Squaring an uncertain backdrop with elevated equity valuations is a challenging proposition but with scant signs of material economic weakening, we believe one should stay invested and maintain vigilance.
- Diversification should be prioritized in this environment, with healthy core fixed income yields, alternative assets, and global equities presenting opportunities for uncorrelated returns.