Aisa Market & Portfolio Update – July 2025

by James Pearcy-Caldwell | Aug 6, 2025

Cross-Border Investment Planning, Top Stories, UK Expats, USA Expats, What's new in Aisa

Aisa International leaders find the bright spots in today’s world of financial investment.

Aisa Market & Portfolio Update is the product of the Aisa International CZ, Aisa Financial Planning UK, and OpesFidelio Network EU quarterly meeting, where they monitor the aspects and events affecting the world’s – and our clients’ – investments. Here’s a quick rundown from our recent meeting.

UK, Europe & India Outlook

We are pleased to report a more positive investment outlook across the UK, Europe, and India—three regions where we now see growing economic resilience. In the UK, markets have shown strength despite elevated volatility and the ongoing pressure of record-high tax burdens on businesses.

While government rhetoric remains pro-business, actual policy support has lagged, creating mixed investor sentiment. Still, the FTSE 100 rose 7.31% over the 12 months to June 2025.

US vs UK Performance

Interestingly, although U.S. equity markets outperformed the UK in headline terms—with the Dow Jones up 12.72%—many of our sterling portfolios outpaced dollar-based investments. This is largely due to currency shifts: the GBP/USD exchange rate changed from June 2024 to June 2025, representing a fall of over 6%, benefiting UK-based investors.

Fixed-Interest Portfolios Lead

“More cautious, fixed-interest portfolios have delivered more stable and consistent returns than their higher-risk, equity-weighted peers.

This reflects a wider global shift toward capital preservation amid rising geopolitical tensions, interest rate sensitivity, and unpredictable trade rhetoric—particularly in the U.S., where tariff threats and policy volatility have disrupted investor confidence and impacted growth-orientated assets across international portfolios.”

James Pearcy-Caldwell

CEO, Co-Founder and Co-Owner, Aisa International

New USD Portfolios for U.S. Clients

Separately, we’ve launched new USD-denominated portfolios tailored for U.S.-connected clients living in Europe. Built with PFIC-compliant U.S. ETFs and integrated with Morningstar’s SEC-reporting platform, these portfolios meet strict U.S. tax rules.

Ongoing Portfolio Adjustments

The Aisa Market & Portfolio Update is a snapshot of how our investment committee continues to adapt portfolios with targeted fund changes to align with current conditions and preserve long-term value.

We’re always here to discuss your individual questions and concerns. Contact us for a fee-free consultation.

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The views expressed in this article are not to be construed as personal advice. Therefore, you should contact a qualified, and ideally, regulated adviser in order to obtain up-to-date personal advice with regard to your own personal circumstances. Consequently, if you do not, then you are acting under your own authority and deemed “execution only”. The author does not accept any liability for people acting without personalised advice, who base a decision on views expressed in this generic article. Importantly, where this article is dated then it is based on legislation as of the date. Legislation changes but articles are rarely updated, although sometimes a new article is written; so, please check for later articles or changes in legislation on official government websites, as this article should not be relied on in isolation.

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James Pearcy-Caldwell

James founded and runs Aisa with an emphasis on a pro-client and transparent approach. He is always looking for the most suitable solution for the benefit of the client. He has been in the field of investment advice since 1998, and therefore fully understands the necessity of open communication and honesty. James is certified in many financial areas in several countries and also holds the most prestigious European certificate in investment planning EFP (European Financial Planner).

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