IHD - Voya Target Retirement Trust Series Q1 2025 Commentary
2025-06-03 23:00:00 ET
Summary
- The Voya Target Retirement Trusts’ primary performance objective is to outperform its strategic allocation composite benchmark over the long-term through tactical asset allocation.
- U.S. stocks fell due to policy uncertainty and artificial intelligence spending concerns. Overseas, international equities gained, especially in Europe and China, driven by economic improvements and policy support.
- The Trump administration’s trade policies and legal battles have created uncertainty, leading to cautious corporate spending and a decline in consumer confidence, slowing economic growth.
- The Trusts posted mixed absolute and negative relative returns for the period, underperforming their strategic allocation benchmarks on a both gross- and net-of- fees basis.