MPS QUARTERLY REPORT: February 2025

The quarterly period since the last rebalance (1st November 2024 – 31st January 2025) has been another positive one for portfolio performance, with global equities rising 9.2% and bonds returning 1.1% in GBP terms. During this period, we’ve generally seen interest rates continue along their downward trajectory across developed nations, with the UK, US and EU each cutting rates twice, which has supported interest rate sensitive sectors and provided a positive environment for risk assets.