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Multi-Asset Funds: April to June 2025 09 July 2025 Jarred Sullivan

Global equities rebounded over the quarter, with the MSCI All Country World Index surging 11.7%. However, geopolitical uncertainty remained a central concern for market participants.

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Global Market Overview | June 2025 02 July 2025 Ashburton Investments

Despite ongoing waves on uncertainty, the recovery from the lows seen in April following President Donald Trump’s “Liberation Day” continued into the month of May. This was a function of de-escalating trade tensions, possible ceasefires in ongoing conflicts and a reduction in the odds of a recession hitting the United States (US).

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