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As expected, Q1 has kept investors on their toes with the macro environment and monetary policy continuing to dominate headlines. In our view the most notable event in Q1 was the commencement of a rate cutting cycle in countries such as the UK, US and New Zealand. In the US, the rate cutting cycle started decisively, with the Federal Reserve reducing rates by 50 basis points.
In this latest Investment Report we provide in-depth commentary on the current market, several core investments that had notable events during Q1, as well as an outlook for Q2 FY25.
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