As passive investing continues its surge in popularity, it would be natural to ask why anyone would pay more for active management. At PortfolioMetrix, we do pay more for active management, but we are very selective in only paying for proven skill, as well as being precise about when, where, and how much we invest in active management…

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.