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15 April 2025 -
Market commentary

Asset Allocation Overview : Q1 2025

Investors weigh up tariff risks for economies and markets

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Outlook summary (Views correct as of 31 March 2025)
  • US President Trump’s tariff plans force investors to reassess potential impact for economies and markets
  • Megacap technology leadership is challenged, highlighting the importance of avoiding concentration risks
  • A mixed economic and market backdrop reinforces our selective equity and short-duration bond allocation 

Download our full Q1 Asset Allocation Overview here.

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