Performance
Monthly and Year to Date Portfolio Performance
March 2025
March saw a continued sell-off as markets tried to digest the impending tariff announcements from the White House. There was little place to hide with equity markets down -6.8% across the globe with the US worst hit (-8.2%) and sector wise only Energy enjoyed positive returns up 2% over March with all other sectors down. In terms of style, both Growth and Value suffered but Growth more so returning -9.8% versus -3.7%. Bonds didn’t provide much protection except in the short-dated gilt market and the only bright spot for the month was gold which we have very little exposure. As such, portfolio were all down over the month in both absolute and relative terms. Our Income range performed the best due to its greater exposure to the UK and to Value stocks compared to our other ranges.
Year to Date 2025
Despite a strong January, market weakness throughout February and March has left most portfolios down YTD. The Defensive risk profiles are the exception to this having been protected by our bond positioning and managing to maintain modest positive returns year to date. Our Sustainable range has suffered the worst returning between 0.4% and -4.9%, followed by our Active range returning between 0.2% and -4.0%. Our Income range has enjoyed the best performance returning between 0.00% and -1.2%, followed by the Passive range which has returned between 0.6% and -2.5%.
The value of investments and any income they produce can fall as well as rise. You may get back less than you invested.
