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Q3 2025 Market Review

Emerging Markets stocks were strong in Q3 2025, returning 10.64% during the quarter. US Stocks returned 8.18% and International Developed Country Stocks returned 5.33%. The bond market was positive for the quarter, returning 2.03% in the US and 0.49% for the Global ex US bond market.

Small Company Stocks also had a strong quarter, returning 12.39% for US Small Company stocks, compared to Large Company Stocks returning 7.99%.

The strong returns of Emerging Markets for the quarter may have surprised some investors as this asset class had been a lagging performer for many years.

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