These Were The Best And Worst Performing Assets Of December, Q4 And 2025

Most financial assets had a decent performance in 2025, with global equities, bonds, credit and EM assets all having a strong year. That was driven by continued global growth, ongoing optimism around AI’s potential, and many more central bank rate cuts including the Fed which after pivoting hawkish in Dec 2024, capitulated again and restarted its rate cuts in late 2025.