Multi-Asset Fund Range - October 2025 Update
In this video, Matthew Parkinson, Fund Manager – Multi-Asset, reviews October 2025 performance for W1M's Waverton Multi-Asset Funds.
October was a strong month across the fund range, with returns from 2.9% for the low-risk defensive mandate up to 3.8% for the multi-asset growth fund. All strategies remain in the first quartile since their inception. Global equities led performance, rising 4.8% in the month, with sterling weakness providing a further tailwind. However, the rally was concentrated, with the technology sector alone accounting for over half the gains. AMD was the standout performer, surging 62% following its strategic partnership with OpenAI, while Hitachi and Thermo Fisher also delivered strong returns. Portfolio adjustments included trimming AMD after the rally and adding positions in Shinhan Financial and Smurfit WestRock, funded by sales of Intuit and United Overseas Bank. Looking ahead, we remain modestly overweight equities, supported by improving liquidity and strong US growth, while inflation is expected to normalise and central banks continue modest rate cuts. We remain cautious about speculative activity in AI and a bifurcated US consumer backdrop, but believe the reward for holding risk assets remains attractive, while remaining defensively positioned in Fixed Income and maintaining full hedging weight.
Watch the full update for more details.
Past performance is not a reliable indicator of future results. The value of investments and the income derived from them may rise as well as fall, and investors may not get back the amount originally invested. Capital security is not guaranteed.
This material is provided for informational purposes only and does not constitute investment advice or a recommendation. It should not be considered an offer to buy or sell any financial instrument or security. Any investment should be made based on a full understanding of the relevant documentation, including a private placement memorandum or offering documents where applicable. W1M Wealth Management Limited is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.
All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without prior written permission from W1M Wealth Management Limited.
Copyright © 2025 W1M Wealth Management Limited.
