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Global Market Overview | October 2025 05 November 2025 Ashburton Investments

Global markets maintained positive momentum over the month of October (MSCI World Index: +2.0%) with emerging markets (MSCI Emerging Markets Index: +4.2%) outperforming once again as several regions, including Korea (MSCI Korea Index: +24.5%) and Taiwan (MSCI Taiwan Index: +10.8%), delivered robust performances amid ongoing optimism within the AI and semiconductor space.

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Global Equity Growth Fund: Q3 2025 22 October 2025 Kathy Davey

The third quarter of 2025 ending 30th September was strong for global markets continuing the positive momentum which began in mid-April, boosted by tariff pull-backs, a de-escalation in trade tensions between the US and China and the passing of the ‘One Big Beautiful Bill’.