Global financial markets recover amid policy shifts
Global financial markets continued to rebound in the third quarter as trade tensions diminished and the U.S. Federal Reserve initiated its first interest rate cut of the year. Both equities and fixed income delivered positive returns, supported by strong corporate earnings, accommodative policy actions, and falling bond yields.
Performance of key Vanguard index funds
Fund name(Inception date) |
Q4 2024
|
Q1 2025
|
Q2 2025
|
Q3 2025 |
1 year
|
|---|---|---|---|---|---|
Vanguard Total Stock Market Index Fund (07/07/1997) |
2.63% | -4.83% | 10.99% | 8.24% | 17.35% |
Vanguard Total International Stock Index Fund (11/29/2010) |
-7.40% | 5.51% | 12.11% | 6.96% | 17.16% |
Vanguard Total Bond Market Index Fund (09/18/1995) |
-3.04% | 2.77% | 1.30% | 1.93% | 2.89% |
Vanguard Total International Bond Index Fund (05/31/2013) |
0.09% | -0.16% |
2.02% | .062% | 2.59% |
Vanguard Short-Term Inflation-Protected Securities Index Fund (10/17/2012) |
-0.10% | 3.04% | 0.98% | 1.54% | 5.55% |
Source of performance figures: Vanguard, Institutional share class, as of July 31, 2025.
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at institutional.vanguard.com. Standard performance of the funds can be located in the Quarterly Review Appendix.
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