MAB Quarterly Review Q1 2025 - Balanced - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Balanced Fund (“the Fund”) rose +0.7% over the 昀椀rst quarter, comfortably
outperforming that +0.2% return of the Fund’s IA Mixed Investment 20-60% Shares performance
comparator.
Fixed income securities represent 24% of the Fund’s strategic asset allocation. Fixed income markets
were up over the quarter, as growing concerns over the environment for economic growth led to
some downward revisions in in昀氀ation and interest rate expectations.
Equities represent 50% 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.
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 ongoing modest overweight to UK equity market.
MAB Balanced
IA Mixed Investment
20-60%
Quarter 1 2025
0.7%
0.2%
1 year
3.9%
3.7%
3 year
8.2%
6.3%
5 year
39.8%
30.9%
22 July 2019
(Since launch)
26.7%
16.7%
The Fund has seen
a return of 26.7%
since launch in
July 2019.
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
