UK portfolios increase fixed income allocations amid geopolitical tensions and macroeconomic uncertainty

Fixed income exposure has increased to 34.8% over the past year, a 1.7 percentage point rise, attributed to reductions in multi-asset and alternatives allocations, the firm said in its report analysing 30,000 model portfolios across 6,700 global clients between March 2025 and February 2026. Government bond exposure increased almost 3 percentage points from 39.5% to 42.6%, but remained below the 61.6% Bloomberg Global Aggregate Bond benchmark weighting. Corporate bond exposure was stable at 30.8%, down slightly from 31.2% previously, and higher than the 24.4% in the benchmark. Meanw...