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May 31, 2026
Emerging Markets Monthly Update

Emerging Markets May 2026: The Strategy outperformed in a narrow market environment due to stock selection among technology stocks, primarily in South Korea.

May 31, 2026
Large Cap Growth Monthly Update

Large Cap Growth May 2026: Software was a bright spot in May, with several holdings rerating on improving sentiment and solid earnings results.

March 31, 2026
Diversification Rewarded Amid AI and Geopolitical Shocks

Dividend Strategy 1Q26: The Strategy held up in a volatile quarter, benefiting from a sizable underweight to IT during a sharp software selloff and an overweight to energy as geopolitical tensions drove oil prices higher.

March 31, 2026
Resetting as Growth Becomes More Attractive

International Growth ADR 1Q26: We remain optimistic about the outlook for growth stocks and believe the Strategy is well placed for improved outcomes going forward.

March 31, 2026
Geopolitical Uncertainty Slows EM Momentum

Emerging Markets 1Q26: We believe short-term retrenchment in emerging markets can lead to a more sustainable return environment and better opportunities for active stock picking.

March 31, 2026
Current Conditions Argue for Caution

Appreciation ESG 1Q26: In our view, the “buy the dip” mindset that was so successful over the past decade looks less reliable in an environment where inflation risk, policy uncertainty and labor market softening are all rising simultaneously.

March 31, 2026
Capturing Alpha in a Broadening Market

Small Cap 1Q26: Strong stock selection in health care and energy drove outperformance, as improving breadth created a more supportive backdrop for active management.

March 31, 2026
Global Improvers Power Energy Independence

Global Value Improvers 1Q26: We see energy security and independence as multi-decade, secular investment themes creating durable opportunities.

March 31, 2026
Staying Nimble as Disruptors Go On Sale

Select Strategy 1Q26: We took advantage of volatility-induced selling to initiate 12 new common stock positions and expand our private market exposure to innovative companies involved in AI.

March 31, 2026
Managing Volatility with Discipline

Canadian Equity Strategy 1Q26: Positioning emphasized disciplined rebalancing, trimming into strength and redeploying into dislocated opportunities, while prioritizing balance-sheet health and valuation discipline.

Blogs

Big Shifts for Magnificent Seven in Russell Rebalancing
Trading activity within strategies tied to these two large cap indexes is expected to be higher than normal.
Can AI Capex Extend the Semiconductor Cycle?
In addition to a greater range of chips supporting AI development, several factors could cause the current cycle to last longer than expected.
AOR Update: Resilience
History shows that investors should not be scared off by the market’s recent strength, especially given a robust earnings foundation.
Smaller Companies Step Up in Global Defense Cycle
A new global defense cycle is extending beyond the largest defense primes and creating compelling opportunities in nimble and high-tech smaller cap companies.
A Governance-First Foundation to Sustainability in Emerging Markets
Because ESG standards vary widely by country and company, governance offers a practical foundation for evaluating resilience, stewardship and long-term value creation.