MAB Quarterly Review Q1 2025 - Cautious - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Cautious Fund (“the Fund”) returned +3.7% over the third 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 +1.1% 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 the global equity markets in which you are invested.
Our Tactical Asset Allocation positioning in equities was positive for the quarter, with the negative
impact from our underweight to the rallying European ex-UK equity more than 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
3.7%
2.8%
1 year
7.7%
5.3%
17th Oct 2022
(Since launch)
23.4%
21.1%
The Fund has seen
a return of 23.4%
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
