2025 was a year of volatility, but one that delivered solid outcomes for the Munro funds. CIO Nick Griffin reflects on the past 12 months, the key drivers of performance, and how the portfolios are positioned as the bull market enters its fourth year in 2026.

Read | The 2025 Annual Letter
Listen | Wrapping up the year that was and looking to the year ahead

Munro Partners

Melbourne-based Munro Partners was created in 2016 and takes its name from the Scottish term for a mountain over 3,000 feet. The team chooses to align themselves with the Munros as they see investing as a process of climbing all mountains…while the perspective from one peak may give you one view, it is only once you have considered the view from other peaks that the whole picture becomes clear.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.