In our October investor update, Pacome Breton, Head of Portfolio Management, explains why investor enthusiasm over the Federal Reserve's September rate cut outweighed more mixed news elsewhere, lifting most markets.

About this update: This update was recorded on 7 October 2025. All figures, unless otherwise stated, relate to the month of September 2025.

Sources: MacroBond, Nutmeg and Bloomberg.

Risk warning: As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Past performance and forecasts are not a reliable indicator of future performance. We do not provide investment advice in this update. Always do your own research.