Q2 2025 saw International Developed Country Stocks Outperform other parts of the world, doing 12.05% vs 11.99% for Emerging Markets Stocks and 10.99% for US stocks. International Developed Country Small Cap Stocks outperformed, doing 16.82% vs. 12.05% for International Large Company stocks. It was the opposite within the US, with Large Company Stocks doing 11.11% and Small Company stocks doing 8.50%.
Although some were higher than others, virtually all asset classes of stocks provided strong returns for the quarter. This is in sharp contrast to the market behavior and investment mood when the quarter started. The first few days of the quarter kicked off with horrible returns, coming immediately after the initial announcement of US tariffs. Very few would have predicted at that time that the quarter would finish with strong returns across the board.
2025 Q2 Market Review