The Zone: Your quarterly newsletter - Spring edition 2025

In the Spring edition of your newsletter:​

Trump's sweeping global​ tariff announcements have cast a shadow of uncertainty over the economy. We unpack the rhetoric and explore the real-world economic implications.

With markets edging toward bear market territory, we examine what 125 years of returns reveal about economic downturns and why investors should hold their nerve and stay invested.

Amid shifting markets and falling rates, dividend-focused strategies are stepping back into the limelight. We examine the AIC’s 2025 Dividend Heroes and why rising dividends combined with capital growth can generate real returns over the long term.

We also have two stock spotlight videos:

• Jonathan Mills from Metropolis discusses Booking.com’s rise from start-up to global travel giant
• Andy Headley from Veritas examines the luxury goods company Richemont and why ‘understated’ is the new black

We hope you find this newsletter informative and valuable.