• Global Equity Growth Fund: Q2 2025

    Kathy Davey

    The second quarter of 2025 was strong for global markets. Starting off on a negative note with the announcement of President Trump’s ‘Liberation Day’ tariffs, global markets turned around strongly 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’.

  • Multi-Asset Funds: April to June 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.

  • Global Equity Growth Fund: Q1 2025

    Kathy Davey

    Major factors affecting global markets in 1Q25 included the launch of DeepSeek and President Donald Trump’s trade policies. Chinese startup DeepSeek raised concerns on the amount of capital expenditure being poured into accelerated computing when the Generative AI (GenAI) chatbot matched the capabilities of leading language models, however, it was reportedly created at a much lower cost.