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Global equities, as measured by the MSCI ACWI Index, rose sharply during the second quarter of 2025.
Markets scaled a wall of worry in the second quarter of 2025—geopolitics took center stage from tariff turbulence, while equity markets rallied sharply from the post “Liberation Day” lows.
Today, more than ever, we encourage diversification across geographies as well as across sectors and asset classes.
The U.S. attack on Iran’s nuclear facilities has significantly increased geopolitical risk.
Global equities, as measured by the MSCI ACWI Index, rose sharply in May despite periods of volatility.
Global equities, as measured by the MSCI ACWI Index, saw a modest overall upturn in April.
Predicting the future is hard.
Recent weeks have clearly reminded us that we always face the risk of (sometimes severe) market turbulence.
That symbiotic, yet unsustainable, relationship started fraying about 15 years ago in the aftermath of the financial crisis.