How Bentley Reid rebalanced in April 2025, managing volatility and positioning in themes and alternatives
Middle East risk has limited oil impact as volatility remains subdued
Defence spending already priced in European defence outperformance surges sharply since 2022
Global defence spending surge led by US and rising NATO commitments
Market resilience and V‑shaped rebounds, with US Treasuries likely steering asset class paths in H2…
Rising yields signal risk as policy intervention may cap bond sell-off
Rising yields show fiscal worries, but low MOVE signals orderly markets and limited systemic risk
2026 Reforms to BPR and APR
