Market review – After a rocky start to the quarter, global markets bounced back strongly. Despite renewed trade tensions and conflict in the Middle East, investor confidence returned as inflation eased and economic data improved.

Portfolio positioning – We’ve held steady with our portfolio positioning, focusing on areas including US shares and government bonds. We continue to construct portfolios designed to navigate uncertainty and provide resilience.

Market outlook – While risks remain, the global economy is holding up better than expected. Further interest rate cuts are expected and we believe company earnings may surprise positively, which could help support markets during the summer.

The quarterly report has been tailored for each of our three portfolio ranges: active, blended and passive.

You can read the reports using the links below.

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This article is provided for general information purposes only and should not be construed as personal financial advice to invest in any fund or product. These are the investment manager’s views at the time of writing and should not be construed as investment advice. The opinions expressed are correct at time of writing and may be subject to change. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting funds.