MAB Quarterly Review Q1 2025 - Growth - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Growth Fund (“the Fund”) fell -0.6% over the 昀椀rst quarter,
outperforming the -1.2% return of the Fund’s IA Mixed Investment 40-85% Shares
performance comparator.
Given its higher risk pro昀椀le, Equities represent 80% of the Fund’s strategic asset
allocation. Global equities were collectively down over the quarter, although there
was a wide dispersion of returns region by region with the US equity market taking
the brunt of the pain.
The 昀椀xed income asset class makes up 6% of this Fund’s strategic asset allocation.
昀椀xed income markets were up over the quarter, as growing concerns over the
environment for economic growth led to some downward revisions in in昀氀ation and
interest rate expectations.
Our Tactical Asset Allocation positioning in equities was marginally negative for the
quarter, with the negative impact from our underweight to the rallying European exUK equity market partially offset by the positive impact from our ongoing modest
overweight to the UK equity market.
Quarter 1 2025
MAB Growth
IA Mixed Investment
40-85%
-0.6%
-1.2%
1 year
3.3%
3.3%
3 year
12.1%
8.7%
5 year
59.3%
44.6%
22 July 2019
(Since launch)
36.0%
25.6%
The Fund has seen
a return of 36.0%
since launch in
July 2019.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure
(OCF) and run from launch.
0 Sales
0 Buys
64 Manager
Meetings
There were no new
sales in Q1 2025
There were no new
buys in Q1 2025
We attended 64
meetings during the
quarter to review
existing and prospective
managers.
Pg 2
