Macquarie Core Equity Fund Q3 2025 Commentary
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Macquarie Asset Management22 FollowersFollow5ShareSavePlay(18min)CommentsSummaryFor 3Q25, Macquarie Core Equity Fund Institutional Class shares underperformed the Fund’s benchmark, the S&P 500 Index.Entering 3Q25, investors were grappling with concerns about inflation, slowing economic growth, and the potential fallout from tariffs announced earlier in the year.Selections were weakest in financials, healthcare, and consumer discretionary.Cash was a small drag on performance given the strong performance for the equity market. ookawa/iStock via Getty Images Market Review Entering 3Q25, investors were grappling with concerns about inflation, slowing economic growth, and the potential fallout from tariffs announced earlier in the year. However, this “wall of worry” was overcome by several positive developments that re-energized the bull market. By theThis article was written byMacquarie Asset Management22 FollowersFollowMacquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Delaware Funds by Macquarie refers to certain investment solutions that MAM distributes, offers, or advises. Investment advisory services are provided to the Delaware Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser.
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