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October 31, 2025
Emerging Markets Monthly Update

Emerging Markets October 2025 Commentary: The Strategy’s technology exposure in Asia drove outperformance in a month where AI momentum continued to support emerging markets.

October 31, 2025
Large Cap Growth Monthly Update

Large Cap Growth October 2025: Mega caps in the benchmark reported solid earnings results in October, with those directly involved in AI continuing to ramp up capex.

October 28, 2025
Large Cap Growth Strategy 4Q25 Update

Portfolio Manager Margaret Vitrano recaps Strategy performance and positioning since Liberation Day, highlighting active moves to improve relative results.

October 1, 2025
Gen AI Buildouts Spur Tech Infrastructure Boom

Ambitious capital spending on generative AI projects by hyperscalers, which we view as a once-in-a-decade cycle, represents a meaningful tailwind for technology infrastructure providers supplying the picks and shovels to run large language models.

September 30, 2025
Leaning on Financials Amid Cyclical Leadership

International Growth ADR 3Q25:We meaningfully repositioned our bank exposure, adding three new positions while closing out of two others, highlighting an energetic period of activity.

September 30, 2025
Diversifying to Lower Downside Risk

Dividend Strategy 3Q25: Amid complacency in the face of historically high valuations, we continue to emphasize companies committed to meaningful dividend growth trading at more modest valuations.

September 30, 2025
Finding Disciplined Gains Amid Speculation

Small Cap 3Q25: The dominance of speculative winners and the narrowness of leadership made it difficult for fundamental strategies to keep pace.

September 30, 2025
Cyclical Strength Sparks Canadian Rally

Canadian Equity Strategy 3Q25: The Strategy delivered solid returns but underperformed the benchmark due to an underweight to strong-performing gold stocks and general weakness in materials and energy.

September 30, 2025
Improvers Positioned Where Energy and Efficiency Converge

Global Value Improvers 3Q25: Global equities advanced on tariff clarity and easing policy uncertainty, while the Strategy maintained its focus on undervalued companies with structural growth drivers.

September 30, 2025
Discipline Key to Adding AI Growth Ideas

Large Cap Growth ESG 3Q25:While acknowledging both the euphoria among so-called winners and gloom around so-called losers, we are not chasing momentum but adding new AI-indexed growth ideas in a disciplined way.

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