Northstar BCI Equity Fund Q4 25

Описание: Global equity markets delivered another strong quarter — but the real story is where returns came from and how portfolios were positioned to capture them.

In this latest update, Marco Barbieri unpacks:
• Why South African equities stood out globally
• The role financials and basic materials played in performance
• How positioning decisions shaped Q4 outcomes
• And why Northstar remains cautious on gold equities despite a supportive backdrop