Markets in 2025 have experienced significant turmoil, as uncertainty around tariffs has ignited fears that a global trade war could trigger a recession and exacerbate inflationary pressures. Against this backdrop, Paula Horn, Chief Investment Officer of Brookfield Public Securities Group, shares three observations on positioning portfolios as the second quarter kicks off. 

1. Listed real assets are offering defensiveness.
2. Lower rates should support Brookfield Public Securities Group's asset classes.
3. Active management is being rewarded.

Read more in the latest Real Assets Quarterly.