MPS allocation review: Risk-on pays off and diversification from US delivers

Timeline 0.09% Tracker - 60 most recommended portfolio

clock • 4 min read

Mike Turner pens the first in a series of quarterly articles examining asset allocation trends at the ends of the MPS risk spectrum, as well as which portfolios had the most adviser recommendations...

The analysis – covering Q4 2025 – draws from Defaqto MPS Comparator data covering around 123 DFMs and 3,000 platform and direct portfolios. Adventurous portfolios  Starting at the Adventurous end of the risk spectrum, over the last six quarters, there has been a gradual reduction in UK equity exposure (from around 15% Q3 2024 to near 13% Q4 2025) alongside a persistent increase in North American equities, peaking above 41% in 2025 Q3 (see chart one).  The combined Asia, Japan and emerging market equity exposure has decreased by around 1% over the same period. This trend is ...

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 DFM & Model Portfolios

Two advice firms join AJ Bell Investments' bespoke MPS partnership

Two advice firms join AJ Bell Investments' bespoke MPS partnership

Financial Initiatives and Blue Atlas Wealth

Jenna Brown
clock 09 June 2026 • 2 min read
Discretionary MPS assets reached over £200bn last year

Discretionary MPS assets reached over £200bn last year

NextWealth found assets rose 32%

Sophia Panayi
clock 09 June 2026 • 2 min read
AJ Bell to cut MPS charges by 20% to 0.12%

AJ Bell to cut MPS charges by 20% to 0.12%

Changes due to take effect from October

Jenna Brown
clock 03 June 2026 • 2 min read