Broadening Horizons: Opportunities Beyond US and Tech Leadership

This report, created by the SPDR ETF Strategy Team, offers a Q2 2025 analysis of global sector and equity trends amid heightened trade tensions and shifting investor sentiment.

• Market Shift: Investors are urged to diversify beyond US large caps and Technology, with Europe and defensives like Utilities gaining favor amid tariff uncertainty.

• Sector Picks: Industrials, Utilities, Financials, and Health Care are highlighted for their structural strengths and defensive attributes.

• Regional Focus: European equities are seen as attractively valued; US mid-caps offer selective entry points; emerging markets show AI-driven potential but face trade headwinds.

Explore the full report to uncover detailed sector strategies, risk management approaches, and regional equity insights tailored for today’s volatile environment.