MPS QUARTERLY REPORT: August 2026

The quarterly period since the last rebalance (1st May 2026 – 31st July 2026) proved once again to be rewarding for investors, with all Fusion portfolios finishing in positive territory. Overall, global equities returned 5.2% while bonds remained relatively flat (-0.2% GBP terms), over a quarter dominated by two distinct narratives : the AI investment cycle and the US-Iran conflict’s energy price driven inflationary implications.