Factsheet | 1Q25
- Kunal Mashruwala
- Apr 27
- 1 min read
Updated: Jun 16
During 1Q25, the Mash Global Multi-Asset Fund gained +0.7% versus a loss of 1.3% for the MSCI ACWI. This translates to a relative outperformance of +2.0% and simultaneously marks the second consecutive quarter of outperformance, both in absolute and in relative terms.
As I mentioned a quarter ago, expect the Trump Uncertainty Factor (TUF) along with rich valuations amidst a potential for higher inflation to create volatility in markets. Prudent risk control will matter meaningfully over the next few quarters.
Please review the 1Q25 factsheet for more details.
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