Building on our recent educational piece titled US Tariffs: Policy, Purpose, and Potential Impact, the investment team have created the below infographic, which illustrates the scale of the world’s largest companies relative to major global indices.

We are very excited to announce that Citywire Wealth Manager Investment Performance Awards 2025 have revealed their shortlist, with MAIA selected for a second time. For 2025 MAIA have been shortlisted for the best cautious portfolio.

2025 has already been a year of shifting narratives and renewed volatility. The first half of the year has been dominated by the reemergence of trade friction, most notably through the promise of new tariffs across major economies.

Despite recent volatility in equity markets, corporate credit has held up relatively well.

When assessing alternative investments within our asset allocation framework, we prioritise strategies that offer genuine diversification.

We have maintained an allocation to gold for several years due to its diversification benefits and its role as a ‘safe haven’ asset during periods of market volatility.

As we have spoken about before, we introduced long duration UK gilts to our portfolios at the end of 2023. Following a period of higher inflation and higher interest rates, and with the headline yield on bonds far higher than what had been the case for many years, our team made several adjustments to our fixed income allocation.

Over the past quarter, global markets have experienced heightened volatility driven by geopolitical tensions, trade uncertainties, inflationary pressures, and evolving monetary policies.

With the recent market volatility where a lot of asset classes have not been immune to losses, the investment team had a call with our defined return fund managers on Monday morning to discuss how the funds have fared.