Portfolio Panorama H2 2025: Investor positioning and allocation shifts
9 Oct 2025
4 minute read
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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9 Oct 2025
4 minute read
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.