Washington, D.C. – In the second quarter of 2025, the Thornburg International Equity Fund displayed resilience amid a fluctuating global market, characterized by rising interest rates and ongoing geopolitical tensions. The fund’s performance reflects the complexities of the current investment landscape, as global equities contend with uncertainty.

Despite these challenges, the fund managed to navigate through various market conditions, demonstrating robust management strategies. The team attributed their success to careful stock selection and a focus on sustainable companies, which have shown stability and growth potential even in turbulent times.

One of the standout performers in the portfolio was a technology company that benefitted from increasing demand for digital solutions. With businesses worldwide accelerating their digital transformation, this firm capitalized on the trend, contributing significantly to the fund’s overall returns.

Conversely, the fund faced certain setbacks, particularly from exposure to European markets, where economic indicators revealed slower growth than anticipated. Analysts noted that inflationary pressures and supply chain disruptions impacted several sectors, compelling the fund managers to recalibrate their strategies.

In response to these dynamics, the Thornburg team has adopted a more cautious approach, focusing on companies with solid balance sheets and competitive advantages. This strategy aims to position the fund to withstand potential headwinds while looking for long-term growth opportunities.

As stakeholders keep a close eye on inflation and central bank policies, the investment team remains vigilant, adjusting their outlook based on evolving economic signals. The fund’s commitment to a disciplined investment approach stands firm, focusing on quality over quantity in stock selection.

While uncertainties remain, the fund’s diversified approach provides a cushion against market volatility. Investors are encouraged by the team’s proactive stance, which emphasizes resilience and adaptability in the face of global challenges.

Looking ahead, the Thornburg International Equity Fund’s management team plans to continue monitoring macroeconomic indicators closely. Their objective remains clear: to seek out companies that not only survive turbulent periods but emerge stronger from them, enhancing long-term shareholder value.