This report provides a detailed analysis of the First Eagle Global Real Assets Fund's performance during the third quarter of 2025, highlighting key drivers and market conditions.
Navigating Market Dynamics: A Stellar Quarter for Real Assets
Third Quarter 2025: A Period of Strong Growth
The Global Real Assets Fund demonstrated robust performance in the third quarter of 2025, achieving an impressive return of 9.46% for its A Shares (excluding sales charges). This positive momentum was broad-based, with all geographic regions contributing to the fund's gains. Specifically, North America and emerging markets emerged as the primary engines of growth, showcasing significant strength. In contrast, developed European and Japanese markets, while positive, lagged behind other regions in terms of contribution.
Outperforming the Broader Market
During the same period, the Real Assets Fund successfully outstripped the performance of the MSCI World Index. This superior outcome underscores the fund's effective strategy in navigating a dynamic market environment and capitalizing on opportunities within real assets globally.
Understanding the Market Landscape
Despite persistent levels of risk and uncertainty throughout the summer months, equity markets displayed a consistent upward trend in the third quarter. This recovery followed a period of volatility experienced in the second quarter, suggesting a resilient market sentiment that propelled stocks higher from their April low points.
