MAB Quarterly Review Q1 2025 - Adventurous - Flipbook - Page 3
Performance summary
The Adventurous Fund (“the Fund”) fell -1.6% over the 昀椀rst quarter, marginally
outperforming the -1.7% return of the Fund’s IA Flexible Investment performance
comparator.
Given its higher risk pro昀椀le, Equities represent 97% of the Fund’s strategic asset
allocation. Global equities were collectively down over the quarter, although there
was a wide dispersion of returns region by region with the US equity market taking
the brunt of the pain.
Other regional equity markets like Continental Europe, China and the UK delivered
more favourable returns, albeit with signi昀椀cant divergence in the performance of
underlying sectors.
Our Tactical Asset Allocation positioning in equities was marginally negative for the
quarter, with the negative impact from our underweight to the rallying European exUK equity market partially offset by the positive impact from our ongoing modest
overweight to UK equity market.
Adventurous
IA Flexible Investment
Quarter 1 2025
-1.6%
-1.7%
1 year
2.8%
2.9%
6th Oct 2022
(Since launch)
23.0%
16.5%
The Fund has seen
a return of 23.0%
since launch in
October 2022.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure (OCF) and
run from launch.
0 Sales
0 Buys
64 Manager
Meetings
There were no new
sales in Q1 2025
There were no new
buys in Q1 2025
We attended 64
meetings during the
quarter to review
existing and prospective
managers.
Pg 2
