Summary

• Global markets became unsettled during the first quarter following the eruption of a major conflict in the Middle East.
• Outside the United States, equities generally faced headwinds from higher energy costs, geopolitical exposure, and region-specific growth challenges.
• In the United States, steady labor markets and resilient corporate earnings supported broader leadership beyond the narrow group of mega cap technology stocks that had dominated earlier gains.

Strategy overview

The Voya Target Retirement Trust Series is designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement.

Key takeaways

• Global markets