BKAMF - Mawer Investment Management Q1 2025 Quarterly Update
2025-04-10 08:20:00 ET
Summary
- Global economic momentum in Q1 2025 faced challenges from escalating trade tensions and inflation, impacting central banks' efforts to manage growth and inflation.
- European and Canadian equities outperformed U.S. equities, driven by Germany's defense spending and rising gold prices benefiting Canada's mining sector.
- Mawer Balanced Fund saw strong returns, with U.S. equity strategy focusing on high-quality, stable businesses and global small cap equity strategy benefiting from international market exposure.
- Looking ahead, maintaining a diversified portfolio and focusing on resilient, well-run businesses is crucial amid ongoing economic and geopolitical uncertainties.
Market Overview
The first quarter of 2025 saw notable shifts in global economic momentum. Escalating tariff threats and trade tensions—which have compounded even further since the end of the quarter—cloud the economic outlook globally while intensifying inflationary pressures. This creates a challenging environment for central banks tasked with managing inflation while countering slowing growth....
Mawer Investment Management Q1 2025 Quarterly Update