Market News: 2025 2nd quarter review
20. August 2025
The second quarter of 2025 ended with satisfactory performances on both sides of the Atlantic, despite the dollar's weakness, which had an impact on U.S. performance translated into euros.
Overall, however, risk appetite declined, a direct consequence of the tense geopolitical climate since Liberation Day in the United States.
Against this backdrop, how did the Echiquier fund range perform?
Pierre Puybasset, Spokesman of the fund management team, reviews the second quarter and shares his outlook.
