Skip to content

Set Location and Profile

Select your region

Select your profile

This website is intended solely for use by institutional investors in Canada. It is not intended for use by the general public, and individuals who are not institutional investors in Canada should not access this site.

I am an institutional investor.

This website is intended solely for use by private wealth investors in Canada. It is not intended for use by the general public, and individuals who are not private wealth investors in Canada should not access this site.

I am a private wealth investor.

This website is intended solely for use by retail investors in Canada. It is not intended for use by the general public, and individuals who are not retail investors in Canada should not access this site.

I am a retail investor.

Select your profile

This website is intended solely for use by financial advisors in the United States. It is not intended for use by the general public, and individuals who are not financial advisors in the United States should not access this site.

I am a Financial Advisor.

This website is intended solely for use by institutional investors in the United States. It is not intended for use by the general public, and individuals who are not institutional investors in the United States should not access this site.

I am an institutional investor.

This website is intended solely for use by investors in the United States. It is not intended for use by the general public, and individuals who are not investors in the United States should not access this site.

I am an investor.

This website is intended solely for use by qualified purchasers in the United States. It is not intended for use by the general public, and individuals who are not qualified purchasers in the United States should not access this site.

I am a qualified purchaser.

Select your profile

This website is intended solely for use by professional clients in Europe. It is not intended for use by the general public, and individuals who are not professional clients in Europe should not access this site.

I am a professional client.

Select your profile

This website is intended solely for use by professional investors in Hong Kong. It is not intended for use by the general public, and individuals who are not professional investors in Hong Kong should not access this site.

I am a professional investor.

This website is intended solely for use by qualified institutional investors in Japan. It is not intended for use by the general public, and individuals who are not qualified institutional investors in Japan should not access this site.

I am a qualified institutional investor.

This website is intended solely for use by institutional or accredited investors in Singapore. It is not intended for use by the general public, and individuals who are not institutional or accredited investors in Singapore should not access this site.

I am an institutional or accredited investor.

Private Markets
Website

Global Asset Allocation Team Market Update – February 2025

February 11, 2025 | Market Commentary, Public Markets

Wideimage

Jean-Guy Desjardins

Founder of Fiera Capital and Executive Chair of the Board

Candice Bangsund

Vice President and Portfolio Manager, Global Asset Allocation

Financial markets began 2025 on a positive note following the inauguration of President Donald Trump in mid‑January – even despite his looming threats to impose tariffs on Canada, Mexico, and China. While indeed following through with those threats on February 1st, escalating trade tensions swiftly de-escalated with both Canada and Mexico securing a last minute agreement to delay proposed tariffs for 30 days.

Private Content Access Registration

Global Asset Allocation Team Market Update – February 2025

Please fill out this form to access this document.

First Name *

Last Name *

Email *

Company *

Role or Title *

Country *

* These fields are mandatory.

The information provided in this website is reserved for professional and institutional investors only, and is not intended to be viewed in the United States or by US Persons.

By clicking “I accept” you:

are a professional client as defined by the Financial Conduct Authority in the United Kingdom (COBS 3.5).
are not a US Person (including being a US citizen or resident, or company incorporated under US law).
acknowledge and agree to the terms of our Privacy Policy.

I hereby certify the above, and acknowledge that I have read, understood and accept the aforementioned conditions.

I accept

Cancel

Most Recent

Image for Beyond Emissions – Capital Expenditure (CapEx) as a Climate Metric

Private Markets, Sustainable Investing

Beyond Emissions – Capital Expenditure (CapEx) as a Climate Metric

November 1, 2026

Image for Q3 2026 Sustainability Update

Private Markets, Sustainable Investing

Q3 2026 Sustainability Update

October 27, 2026

Image for Q4 2026 Investment Outlook & Portfolio Strategy

Market Commentary, Public Markets

Q4 2026 Investment Outlook & Portfolio Strategy

October 18, 2026