
QUARTER 1 2025 – MARKETCOMMENTARY
The first quarter of 2025 has certainly been one for the history books. Global markets continued where they left off in 2024 as the MSCI World Index gained 3.6% (USD)in January. However, these gains were later reversed dramatically in February and March as President Trump took office and announced sweeping policy changes. Marketsnavigated heightened uncertainty,


