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WealthSelect Managed Active Portfolios monthly commentary – February 2025

The portfolio manager’s latest portfolio commentary.

Date: 21 March 2025

UK: Suitable for retail and professional clients.

Performance review

The returns from the Managed Active Portfolios as you moved down the risk scale, in with their decreasing equity content. Returns ranged from a 0.2% gain for the Managed Active 3 Portfolio to a 2.2% loss for the Managed Active 10 Portfolio.

Markets ended February in a weaker position, particularly in the US, with running estimates of real GDP growth sharply declining. Against this backdrop, our US equity holdings fell while European equities posted gains – boosted in some part by the election result in Germany. Meanwhile, fixed interest rallied and our ad hoc rebalance in the middle of January, where we added to our traditional fixed income exposure, helped returns.

Continue reading the latest monthly commentary

Stuart Clark

Portfolio Manager

Helen Bradshaw

Portfolio Manager

Bethan Dixon

Portfolio Manager