The market environment of 2025 offered a timely reminder that capital markets rise and fall for a wide variety of reasons – but keen investors can weather the storms with the right investment approach.

In this white paper, The Power of Multi-Asset Investing, 3EDGE Chief Investment Strategist Fritz Folts examines how those investors who looked beyond a narrow concentration in U.S. large-cap equities were rewarded in 2025. Gold, international equities, and other non-traditional asset classes outperformed familiar benchmarks like the S&P 500.

If we reflect on the full year of market performance through our “Seasons of the Market” framework, we may see how and why broader diversification in one's investment portfolio can be essential when volatility resurfaces.

This paper provides a case study in that approach and offers a measured perspective on how investors may position portfolios for uncertain conditions ahead, with an emphasis on long-term, risk-adjusted outcomes.