This page provides some considerations with regard to my current scope of investments. 

Equities

I believe the markets are over valued. Whilst I won't exit any equity funds, I am reducing investments to only surplus cash and to only in the S&P500 index fund. That is, I am not reallocating large portions from debt to equity in the current economic environment.

Debt: Investment Grade

My greatest consideration is inflation, primarily driven by the Iran war. With this in mind, I have reallocated from variable rate funds (RMBS / HIGH) to fixed rate funds (BNDS / CRED / PIMCO) in an attempt to gain capital appreciation with declining inflation fears.

Debt: Sub-Investment Grade

Private credit funds are down due to fear with regard to government regulation and the impact of AI on software companies. Despite this fear, the yields are high and (so far) the software armageddon has not materialised, so I am holding my positions - though this is constantly under review. I have opened positions in the funds GCI and CIEM to diversify away from private credit. 

Other

The US debt burden is increasingly an issue, so I will likely increase exposure to gold.