Minerva Investment Management Society

Fund Update · Multi Asset Global Opportunities Fund

Multi Asset Global Opportunities Fund - May 2025

· Portfolio Management · Multi Asset Global Opportunities Fund

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Summary

The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread across geographies, industries, and asset classes, and is built through stock picking, based on fundamental analysis and macroeconomic views.

Last semester the Fund achieved a positive performance (+2.23%), delivered in spite of heightened market turbulence, with the equity sleeve contributing the bulk of returns thanks to disciplined cherry‑picking and a handful of standout positions. In view of the evolving macro landscape – notably the lingering geopolitical tensions, the divergence in inflation trajectories across developed markets, and the ongoing structural realignments in major economies – we adopted a deliberately cautious stance: we trimmed our commodity exposure as upside catalysts appeared largely priced‑in; favoured defensive European equities offering resilient cash‑flow profiles; and shortened overall duration within the fixed‑income bucket to enhance liquidity, flexibility, and mitigate interest‑rate risk.

Authors

Details

Published
17 May 2025
Division
Portfolio Management
Fund
Multi Asset Global Opportunities Fund
Type
Fund Update
Pages
13
Authors
10

Cite this report

Minerva Investment Management Society (2025). Multi Asset Global Opportunities Fund - May 2025. Portfolio Management. https://minervaims.org/archive/multi-asset-global-opportunities-fund-may-2025

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