In the third quarter of 2025, the fund achieved positive returns, but its overall performance did not align with that of its benchmark, the MSCI World Index. This deviation largely occurred because dividend-yielding equities, a core component of the fund's strategy, were less favored by investors who showed an increased appetite for risk during this period.
Considering the current global economic landscape, which is marked by uncertainty, and the elevated valuations prevalent in the stock market, the likelihood of significant market fluctuations remains high. These conditions underscore the critical importance of a vigilant investment approach and a strong focus on effective risk mitigation strategies.
Despite these challenges, the fund is strategically positioned to capitalize on opportunities presented by an expanding economy. Simultaneously, it maintains a defensive stance, ensuring resilience against potential downturns and market volatility.
By thoughtfully blending growth opportunities with a conservative risk posture, the fund aims to deliver steady performance for its investors. This dual approach is designed to navigate unpredictable market conditions while still participating in economic advancements, ensuring that the portfolio remains robust and adaptable in the face of evolving market dynamics.
