Multi-Asset Funds: January to March 2025
08 April 2025
Jarred Sullivan
This year has certainly been characterised by immense uncertainty in global markets.
Global equities declined over the quarter, with the MSCI All Country World Index falling 1.2% and the S&P 500 declining by 4.3%. The primary reason for the downturn can be ascribed to a valuation multiple de-rating in the United States (US), driven by a confidence shock among global investors.