NYLI Epoch Global Equity Yield Fund Q1 2025 Commentary

Summary

• For the quarter, the NYLI Epoch Global Equity Yield Fund posted a return of 3.6% while the broad market returned negative 1.8% as measured by the MSCI World Index.
• Global equity markets were volatile again during the first quarter of the year, ending the period with mixed returns.
• We expect some degree of inflationary pressures, demand erosion, impediments to economic growth and continued volatility as impacts resulting from the recently announced tariffs and a possible prolonged trade war.

PonyWang

Market Review

• Global equity markets were volatile again during the first quarter of the year, ending the period with mixed returns. Value indices were positive and outperformed growth indices which logged negative returns as the Magnificent 7* collectively fell into bear