Quarterly Investment Report – April 2025
What Could Go Right?
The first quarter of 2025 brought a notable shift in market conditions, driven by renewed geopolitical tension, shifting policy expectations, and deteriorating investor sentiment.
In this environment, it’s easy to focus on what can go wrong. But extreme pessimism often signals a turning point. In this update, we explore why now may be the time to start thinking about what could go right—and how we’ve positioned portfolios to remain resilient and responsive.
Market Update – Tariff Shock
Tariff Shock
The long-anticipated tariff announcements have finally landed, and markets wasted no time in responding. Framed as the Trump administration’s first major shift in trade policy, the move aims to bring manufacturing back to the US, but not without ruffling feathers among key trading partners.
Market Update – Q&A on Recent Volatility
Market Volatility: A Time to Stay Focused
Given recent market movements, we want to provide some context on what's happening and answer some questions that you may have.
While headlines may appear unsettling, it's essential to remain focused on broader market trends and opportunities.
Market Update – March 2025
Shifting Priorities
The optimism that followed Trump’s re-election has faded - at least for now.
His administration is prioritising tariffs and spending cuts (austerity) over tax reductions and deregulation (growth), adding uncertainty to financial markets and weighing on investor sentiment.
Quarterly Investment Report – February 2025
Crossroads
As we move through the first quarter of 2025, financial markets remain at an interesting crossroads - supported by economic resilience yet facing risks that could test investor confidence.