MPS QUARTERLY REPORT: May 2025

Despite a strong start to 2025, the quarterly period since the last rebalance (1st February 2025 – 30th April 2025) brought a bumpier ride for global markets and was negative for overall portfolio performance. Global equities fell by 11.2% over the quarter, although gains in bonds helped cushion the blow, with global fixed income delivering a 1.8% return (in GBP terms).