The FTSE 100 ‘is Asserting Itself as a Defensive Heavyweight’

The FTSE 100’s climb to fresh record highs has drawn renewed focus to its role as a global defensive anchor, according to analysis from Nigel Green, CEO of deVere Group.

The index touched an intraday high of 10,362 on Tuesday as investors continued rotating into large-cap companies with global reach and stable cash flows.

Green said investors “are embracing a clear risk-on tone while simultaneously seeking shelter in assets built to withstand economic and geopolitical pressure.”

He added that the rally is not driven by momentum but by “capital moving deliberately into companies with global reach, diversified revenues and pricing power.”

Sector performance is reinforcing that shift. Mining companies are leading gains as strength in gold and silver boosts cash generation at a time when investors are prioritizing earnings resilience.

Green noted that “investors are favouring strength over sensitivity” as uneven growth, currency swings and persistent geopolitical uncertainty shape capital flows.

“The FTSE 100 offers exposure to global growth while providing insulation through scale, diversification and real assets,” stated the DeVere CEO. “Investors are positioning for resilience, and Britain’s largest companies are built for exactly this environment.”

After years of being seen as slow-moving, he said the FTSE 100 “is asserting itself as a defensive heavyweight,” with its concentration in energy, materials, financials and consumer staples becoming more attractive as volatility persists.

Green added that the latest record reflects a broader recalibration of global portfolios, arguing that “the FTSE 100 is being re-rated” as investors prioritize durability in an uncertain environment.