December Performance

December 2025 – U.S. Equity Benchmark Monthly Returns

• S&P 500: +0.06%

• Dow Jones (Dow): +1.56%

• Nasdaq: -0.47%

Overall, the environment was prone to profit-taking and market adjustments toward the end of the year.

However, expectations of a Fed rate cut and improved sentiment triggered some buying on dips, so it was not a completely weak market.

There were noticeable differences by theme and sector, with performance gaps between growth vs. value stocks, and AI-related vs. defensive sectors.

💱 Dollar/Yen Movement in December 2025
Toward the year-end, position adjustments and thin trading led to slightly stronger yen buying, with levels dipping below 156 yen.

Our Investment Style and Performance
Our equity investment performance for December 2025 was +2.37% for the month.
We manage external funds starting from $50,000.
For more detailed information, please feel free to contact us.

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