Portfolio construction in 2025: The importance of diversification extends beyond asset classes

In the face of continuing economic uncertainty, diversification remains a cornerstone of sound financial planning. Yet, in 2025, diversification must go beyond the conventional wisdom of spreading investments across equities, bonds, and cash. With global tariff wars continuing to disrupt trade, UK employment figures stagnating, and business confidence remaining low, financial advisers are at a critical juncture. The need to reassess portfolio construction, both in terms of risk mitigation and opportunity, has never been more pressing.  Recent discussions in Professional Adviser have r...