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Asset Allocation Report March quarter 2025

Our quarterly Asset allocation report contains insights to help you stay on top of changing markets and economic news. Get ahead of emerging themes and investment trends with our expert analysis to guide your investing decisions.

  • Trade uncertainty upset global markets - Global uncertainty has been elevated since earlier this year, reaching historical highs after 2 April with tariff tensions escalating as the trade situation evolved.
  • RBA will need to reassess interest rates - The combination of weaker global growth and heightened uncertainty should lead to a dovish pivot for the Reserve Bank of Australia.
  • U.S. equity valuations appear stretched - The U.S. stock market's strong performance over the past decade, driven by high valuations, is unlikely to continue at the same pace.

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  •   29 May 2025
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