Thornburg Investment Income Builder Fund Q1 2025 Commentary

2025-06-06 08:30:00 ET

This note will highlight the results of the Thornburg Investment Income Builder Fund for Q1 2025. It is published amidst the ongoing developments associated with the Russian war with Ukraine, above target inflation figures in the U.S., Mideast violence, and the emergence of significant government policy changes in the U.S. and elsewhere that threaten to alter global trade flows. Equity indices worldwide delivered divergent returns in the March quarter, with U.S. index returns generally negative and most foreign markets positive. Returns from bonds in the U.S. were positive as interest rates dropped on cuts to economic growth forecasts....

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