Navigating Global Markets: A Quarterly Insight into International Equity Performance
Market Dynamics and Fund Performance in Q2 2025
During the second quarter of 2025, international equity markets, as indicated by the MSCI EAFE Index, saw an appreciation of 11.78%. The Victory RS International Fund, specifically its Class A Shares, delivered a comparable return of +11.64% over the same period. This noteworthy performance occurred against a backdrop of persistent trade policy uncertainties originating from the U.S. and an intensification of conflicts in the Middle East. Despite these significant geopolitical and economic challenges, equity prices continued their upward trajectory, demonstrating resilience in the global financial landscape. Nevertheless, the prevailing trade tensions posed considerable obstacles, deterring new business investments and making it difficult for corporations to provide precise financial outlooks.