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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 I

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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

Eclairages connexes

8 juillet 2025

Anthony Willis

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Market Perspectives: 2025 half time report – where to next?

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It has been another extraordinary week of geopolitical developments with the backdrop considerably more benign than a week ago thanks to a tentative ceasefire between Israel and Iran.
23 juin 2025

Anthony Willis

Senior Economist

Market perspectives: Will the resilience of financial markets be undone by escalating geopolitical risks?

Investors continue to closely follow events in the Middle East – most recently the US’s strikes on three Iranian nuclear sites.
10 juillet 2025

Rosa Fenwick

Head of LDI Implementation

Q2 2025 repo update

How geopolitical shifts and policies are shaping market dynamics.
9 juillet 2025

Fixed Income Desk

In Credit - Weekly Snapshot

In Credit Weekly Snapshot – July 2025

Our fixed income team provide their weekly snapshot of market events.
8 juillet 2025

Anthony Willis

Senior Economist

Market Perspectives: 2025 half time report – where to next?

H1 2025 was marked by significant market volatility thanks to economic and geopolitical uncertainties, particularly around US tariff policies.

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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