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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’.

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Multi-Asset Funds: July to September 2025 17 October 2025 Jarred Sullivan

Global equity markets extended their upward momentum through the third quarter, with the MSCI All Country World Index advancing 7.7% (USD) by the end of September.