Third of UK wealth managers opting for 'correction protection'

Survey by Legg Mason

Jayna Rana
clock • 2 min read

A third of the UK's leading wealth managers have said they are holding overweight cash positions across client portfolios in anticipation of a market correction, a survey by Legg Mason Global Asset Management has found.

Following a year in which UK and global asset classes have made significant progress, wealth managers are increasingly concerned the market has got ahead of itself. As a result, a third of wealth managers (32%), who collectively manage in excess of £100bn, said they are holding cash across client portfolios to protect against a correction. But whilst ensuring they have some level of protection, wealth managers overall remain positive when it comes to their overall attitude to risk. In total, 39% said they were somewhat optimistic when it came to their attitude to risk, with a furth...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Catch up on the discussion

Professional Adviser
clock 21 August 2025 • 1 min read
PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

Aberdeen Investments Senior Investment Director and Head of Managed & Model Solutions Justin Jones shares what sets MyFolio Index apart following its Best Risk Targeted Range of Funds award win at the Professional Adviser Awards 2025.

Professional Adviser
clock 19 August 2025 • 3 min read
Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read