Portfolio Panorama H2 2025: Investor positioning and allocation shifts
4 minute read
Key takeaways:
- UK clients have been gradually increasing their risk exposure, marking a steady trend over the past 18 months toward more confident positioning.
- Clients continue to lean into small and mid-caps, local markets, and cyclicals whilst steering clear of tech and large-cap dominance as positioning shifts toward value and familiarity.
- Investors are cutting duration and leaning into cash and credit, a defensive pivot away from rate risk and benchmark-heavy government exposure.
- Portfolios continue their gradual shift towards active strategies – a move away from passive as investors seek control and adaptability in a volatile market.
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 UK portfolios across two distinct six-month intervals: September 2024–February 2025 and March 2025–August 2025. Those six 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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4 minute read
Key takeaways:
- UK clients have been gradually increasing their risk exposure, marking a steady trend over the past 18 months toward more confident positioning.
- Clients continue to lean into small and mid-caps, local markets, and cyclicals whilst steering clear of tech and large-cap dominance as positioning shifts toward value and familiarity.
- Investors are cutting duration and leaning into cash and credit, a defensive pivot away from rate risk and benchmark-heavy government exposure.
- Portfolios continue their gradual shift towards active strategies – a move away from passive as investors seek control and adaptability in a volatile market.