MAB-Quarterly-Review-Q2-2025-Cautious - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Cautious Fund (“the Fund”) returned +2.8% over the second quarter.
Given its low risk pro昀椀le, Fixed Income is the dominant asset class in this Fund, representing 40% of
the strategic asset allocation. Fixed Income markets were up over the quarter, with the Bloomberg
Global Aggregate Index of high-quality global bonds returning +1.6% in GBP Hedged terms.
Equities represent 30% of the Fund’s strategic asset allocation. Global equities were also up strongly
over the quarter, and this was consistent across all of the global equity markets in which you
are invested.
Our Tactical Asset Allocation positioning in equities was marginally negative for the quarter, with the
negative impact from our underweight to the rallying European ex-UK equity market partially offset
by the positive impact from our overweight to the Japanese market and our modest overweight to
the UK equity market.
MAB Cautious
IA Mixed Investment
0-35%
Quarter 2 2025
2.8%
2.2%
1 year
5.6%
4.9%
17th Oct 2022
(Since launch)
19.0%
17.8%
The Fund has seen
a return of 19.0%
since launch in
October 2022.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure
(OCF) and run from launch.
Pg 2
