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Insights

Asset Allocation update – June 2025

Financial markets continue to display confidence that the trade war remains on a de-escalating path, even as the deadline for ‘trade deals’ to be agreed with the US moves into focus.

There remains no guarantee of certainty, however, given the legal challenges against the Trump Administration’s (mis)use of legislation citing a national emergency and national security concerns to justify tariffs. The legal process will stretch into late July and beyond, at best, so the shadow of tariff uncertainty will continue to loom over sentiment. However, the consensus view remains that we have seen the worst of the tariff threats and levels are likely to move towards the 10% baseline.

At a glance Equities and Fixed Income June 2025 EN
Emerging market equities June 2025 EN
Japanese equities June 2025 EN
Government bonds June 2025 EN
Investment grade June 2025 EN
Asset Allocation Matrix June 2025 EN

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Financial markets continue to display confidence that the trade war remains on a de-escalating path, even as the deadline for ‘trade deals’ to be agreed with the US moves into focus.
Although a drive to onshore manufacturing of pharmaceuticals is admirable, there could be some unintended consequences around price, availability and global relations.
Our fixed income team provide their weekly snapshot of market events.
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Important information:

For professional investors only (not to be used with/ passed on to any third party). For marketing purposes.

 

This document contains information by Columbia Management Investment Advisers, LLC (CMIA). CMIA is an affiliate of Columbia Threadneedle Investments.

 

CMIA is registered as an investment adviser with the U.S. Securities and Exchange Commission.

 

The materials relating to the CMIA included in this document have been approved and provided by CMIA.

 

The views expressed are as of the date given, may change as market or other conditions change and may differ from views expressed by other CMIA associates or affiliates.

 

Past Performance does not predict future returns, and no forecast should be considered a guarantee either. Your capital is at risk. Since economic and market conditions change frequently, there can be no assurance that the trends described here will continue or that any forecasts are accurate.

 

This material should not be considered as an offer, solicitation, investment/legal/tax or accounting advice or an investment recommendation. The mention of any specific shares or bonds should not be taken as a recommendation to deal.

 

This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness.

 

In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA).  The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge who meet the regulatory criteria to be classified as a Professional Client or Market Counterparty and no other person should act upon it. This document and its contents and any other information or opinions subsequently supplied or given to you are strictly confidential and for the sole use of those attending the presentation.  It may not be reproduced in any form or passed on to any third party without the express written permission of CTIME. By accepting delivery of this presentation, you agree that it is not to be copied or reproduced in whole or in part and that you will not disclose its contents to any other person.

 

In the UK: Threadneedle Asset Management Limited, No. 573204 and/or Columbia Threadneedle Management Limited, No. 517895, both registered in England and Wales and authorised and regulated in the UK by the Financial Conduct Authority.

 

In the EEA: Threadneedle Management Luxembourg S.A., registered with the Registre de Commerce et des Sociétés (Luxembourg), No. B 110242 and/or Columbia Threadneedle Netherlands B.V., regulated by the Dutch Authority for the Financial Markets (AFM), registered No. 08068841.

 

In Switzerland: Issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland.

 

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies

Related Insights

9 June 2025

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Market perspectives: Can the UK find more fiscal headroom without upsetting bond markets?

The UK’s public finances are once again in focus with the departmental spending review taking place this week.
2 June 2025

Anthony Willis

Senior Economist

Market perspectives: Don’t get too excited, tariffs are not going away

We have seen another big week of news with a court ruling calling into question the legal basis for many tariffs imposed since President Trump returned to the White House.
28 May 2025

Anthony Willis

Senior Economist

Market Perspectives: US ’AAA’ no more … but does it matter?

The past week has seen the new federal budget making the headlines, as Republicans try to agree on a deal that will pass through Congress without Democrat support.
18 June 2025

David Morgan

Head of US Investment Grade Credit Research

A bitter pill: what tariffs could mean for pharmaceutical firms and the wider healthcare industry

Although a drive to onshore manufacturing of pharmaceuticals is admirable, there could be some unintended consequences around price, availability and global relations.
18 June 2025

Fixed Income Desk

In Credit - Weekly Snapshot

In Credit Weekly Snapshot – June 2025

Our fixed income team provide their weekly snapshot of market events.
16 June 2025

Dara White

Global Head of Emerging Market Equities

Krishan Selva

Client Portfolio Manager

Navigating the fog of tariffs in emerging market equities

Trade tensions continue to dominate headlines, despite the various 90-day reprieves. Relations between the US and China are clearly evolving.

Important information:

For professional investors only (not to be used with/ passed on to any third party). For marketing purposes.

 

This document contains information by Columbia Management Investment Advisers, LLC (CMIA). CMIA is an affiliate of Columbia Threadneedle Investments.

 

CMIA is registered as an investment adviser with the U.S. Securities and Exchange Commission.

 

The materials relating to the CMIA included in this document have been approved and provided by CMIA.

 

The views expressed are as of the date given, may change as market or other conditions change and may differ from views expressed by other CMIA associates or affiliates.

 

Past Performance does not predict future returns, and no forecast should be considered a guarantee either. Your capital is at risk. Since economic and market conditions change frequently, there can be no assurance that the trends described here will continue or that any forecasts are accurate.

 

This material should not be considered as an offer, solicitation, investment/legal/tax or accounting advice or an investment recommendation. The mention of any specific shares or bonds should not be taken as a recommendation to deal.

 

This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness.

 

In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA).  The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge who meet the regulatory criteria to be classified as a Professional Client or Market Counterparty and no other person should act upon it. This document and its contents and any other information or opinions subsequently supplied or given to you are strictly confidential and for the sole use of those attending the presentation.  It may not be reproduced in any form or passed on to any third party without the express written permission of CTIME. By accepting delivery of this presentation, you agree that it is not to be copied or reproduced in whole or in part and that you will not disclose its contents to any other person.

 

In the UK: Threadneedle Asset Management Limited, No. 573204 and/or Columbia Threadneedle Management Limited, No. 517895, both registered in England and Wales and authorised and regulated in the UK by the Financial Conduct Authority.

 

In the EEA: Threadneedle Management Luxembourg S.A., registered with the Registre de Commerce et des Sociétés (Luxembourg), No. B 110242 and/or Columbia Threadneedle Netherlands B.V., regulated by the Dutch Authority for the Financial Markets (AFM), registered No. 08068841.

 

In Switzerland: Issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland.

 

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies

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