Nomura Limited-Term Diversified Income Fund Q4 2025 Commentary

Macquarie Asset Management38 FollowersFollow5ShareSavePlay(9min)CommentsSummaryFor 4Q, Nomura Limited-Term Diversified Income Fund Institutional Class shares underperformed the Fund's benchmark, the Bloomberg 1-3 Year US Government/Credit Index.Increased trade tensions between the US and China, giving way to a truce, marked the beginning of the last quarter of 2025.Markets maintained positive momentum, with equity markets in particular testing new highs while credit spreads were at or near record tights. Andrii Dodonov/iStock via Getty Images Market review Increased trade tensions between the US and China, giving way to a truce, marked the beginning of the last quarter of 2025. Economic indicators continued to show resilience with 3Q gross domestic product (GDP) growth tracking closeThis article was written byMacquarie Asset Management38 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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