We're back with your latest quarterly and monthly updates. In this edition, we take a look at the key factors that shaped the investment landscape in Q2 2025, along with a quick wrap-up of June's market activity. As always, these insights are brought to you by our partners at PortfolioMetrix. We hope you find them relevant, informative, and worthwhile.

Over the past decade, PortfolioMetrix has pioneered a paradigm shift away from the traditional "art and science" of investing to a more rigorous, risk-calibrated approach. While this delivers discipline and consistency, it cannot address one crucial factor: behaviour. Markets are not governed by immutable laws but by the impulses of human psychology. This is where advisers exhibit great value. 

Geopolitical uncertainty is rising - but rather than fixating on what’s unknowable, investors are better served by focusing on what we do know. In this piece, we explore how uncertainty distorts decision-making, why strong institutions matter more than forecasts, and the critical role advisers play in helping clients stay grounded.