Portfolio Watch - Q1 2025 | Investor Update

Trust Management Ethical Investment Funds

Investor Update for the period ending 31 March 2025

Tēnā koutou and hello,

We are pleased to share our March 2025 edition of Portfolio Watch, providing valuable insights into market developments and the performance of the Trust Management PIE Funds during the first quarter of the year. 

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As we reflect on the last few months, financial markets are experiencing a period of significant volatility and uncertainty. The primary driver of this turbulence has been the ongoing uncertainty in the US regarding tariffs and trade policies, which has created a ripple effect across global markets.

During such unsettling times, it is natural to feel concerned about the impact on your investments. However, I want to take this opportunity to emphasise the importance of maintaining a long-term perspective.

At Trust Management, we believe that a disciplined approach to investing is crucial, especially during periods of market volatility. Our advice for investors is to stay focused on long-term goals. History has shown that markets tend to recover over time, and those who remain patient and committed to their investment strategy are often rewarded. 

Diversification and portfolio resilience remain a key component of our investment philosophy.  Our expert investments team are closely monitoring the developments in the US and other global markets, and we are committed to keeping you informed about any significant changes that may affect portfolios.

In this edition, we talk about an important change to the way we are investing across global bonds. We are excited about this change.  We believe the new strategy has the potential to deliver stronger performance, as well as better alignment with investor values.

In the coming months, we will be introducing some improvements to the product features of the PIE Funds, aimed at delivering a better investor experience. While our core philosophy and values remain unchanged, these changes are expected to provide additional value for our investors. Stay tuned for further updates!

Thank you once again for your partnership and trust. We look forward to continuing to support our clients to make a meaningful difference in our communities and beyond. Should you have any questions or wish to discuss your portfolio in more detail, please do reach out to us.

Ngā mihi nui   

The Trust Management Team