Commentary

1Q2026 - International Growth Commentary

Following a period of underperformance, the strategy is evolving with a renewed focus on quality, competitive positioning, and portfolio balance. Attractive valuations and strong earnings growth potential across international markets position the portfolio for improved long-term performance.
Daniel Fields, CFA
1 Min
Share:
  • Returns: -14.15% gross / -14.35% net vs. -0.71% (MSCI ACWI ex-U.S.) in Q1 2026
  • Top contributors: InPost, ASML Holding, Disco Corp
  • Largest detractors: ICON plc, SAP, Adyen
  • Summary: Following recent underperformance, the team is refining its approach with a stronger focus on quality, competition, and portfolio balance to improve long-term results.
     

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