Wellington Management's Natasha Brook-Walters: How to position for the new investing regime

Time to evolve

One of the most significant “what ifs” we were monitoring at the start of this year was around the threat of tariffs from US President Donald Trump – a threat that materialised in spectacular fashion on April’s ‘Liberation Day’.

Since then, however, Trump has walked back many of the highest tariffs from his initial announcement, leading markets back to pre-‘Liberation Day' levels. Tariffs may not be as bad as initially feared but they still represent a major issue. Rise in risk appetite propels UK to top location for investment Time to breathe a big sigh of relief? Not really. Yes, for now, the worst of tariffs might be behind us, but at this point their impact is potentially less important than what they tell us about the world investors are now living in. A new reality The first half of 2025 has reinfo...