Dec-25: Insights - Avastra Funds

​Read the latest Avastra Fund insights on Markets, Equities, Bonds and Alternatives for December 2025.

DECEMBER 2025 UPDATE

MARKETS

​Sterling strength weighed on overseas returns despite positive local market performance in several regions.

Bond markets saw yields move higher, with UK and US 10-year yields rising modestly.
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US growth surprised to the upside and inflation continued to moderate, while UK growth remained subdued. Geopolitical risks remained elevated. 

EQUITIES

​The VT Avastra Global Equity Fund returned -0.18% for the month and +12.92% YTD. 

• There were no changes to the fund this month. 

The fund provides a “4-in-1” active allocation strategy across Regional, Sector, Factor and Manager strategies. 

BONDS

​The VT Avastra Global Fixed Income Fund returned -0.33% for the month and +4.06% YTD.

• There were no changes to the fund this month. 

The fund provides an active allocation approach to managing duration and credit quality exposure within the Bond sector. 

ALTERNATIVES

The VT Avastra Global Alternatives Fund returned +0.05% for the month and +14.15% YTD. 

• There were no changes to the fund this month. 

The fund provides both asset-based and risk-based diversification, as an alternative to equities and bonds.