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EFGSF - Voya Infrastructure, Industrials And Materials Fund Q1 2025 Commentary
Eiffage
2025-06-03 12:29:00 ET
Summary
During the quarter, the Voya Infrastructure and Materials Fund's poor stock selection and its beta positioning detracted.
We believe global equity markets have priced in a significant downgrade to U.S. and global growth, but they don’t yet signal expectations of a meaningful recession.
The global economic outlook is facing significant challenges, primarily due to rising trade tensions between the U.S., China and the eurozone.