MAB Quarterly Review Q1 2025 - Cautious - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Cautious Fund (“the Fund”) returned +1.3% over the 昀椀rst quarter.
Given its low-risk pro昀椀le, 昀椀xed income is the dominant asset class in this Fund, representing 40% of
the 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 30% of the Fund’s strategic asset allocation. Global equities were 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 Cautious
IA Mixed Investment
0-35%
Quarter 1 2025
1.3%
0.4%
1 year
3.9%
3.3%
17th Oct 2022
(Since launch)
15.8%
15.3%
The Fund has seen
a return of 15.8%
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
