×
×
×
×
×

Tell us once and we'll remember.

I'm an...

Don't worry, you can always change this selection using the icons at the top left of the site.
December 31, 2025
Semiconductor Strength Drives EM Outperformance

Emerging Markets 4Q25: The Strategy outperformed the benchmark for the quarter and full year, led by strong contributions from our holdings in Korea, China and Taiwan.

December 31, 2025
Lower Bond Yields to Add Tailwind for Infrastructure

Global Infrastructure Income 4Q25: We expect a continued constructive policy environment in conjunction with further AI-related capacity additions to continue to support infrastructure investments.

December 31, 2025
Preparing for Improving Growth Earnings

International Growth EAFE 4Q25: We have increased our exposure to stocks with value characteristics through our structural growth bucket, mostly by expanding allocations to banks.

December 31, 2025
Enduring Fast and Furious AI Market

Large Cap Growth 4Q25: The Strategy meaningfully underperformed its benchmark, with underweights to mega cap and lower quality AI beneficiaries the main headwinds.

December 31, 2025
Balance Matters When Markets Rotate

Growth 4Q25: A balanced, high active share approach drove a third consecutive quarter of outperformance amid heightened volatility and rapid market reversals.

December 31, 2025
The Long View: Party Like It's (Not) 1999

Despite bubble fears, there are several key differences between the late 1990s and today that we believe bode well for U.S. equities in the year to come.

November 30, 2025
Large Cap Growth Monthly Update

Large Cap Growth November 2025: Technology stocks led a growth selloff in a month that saw sentiment turn decidedly negative over the near-term payoff from AI spending as well as future funding concerns.

November 30, 2025
Emerging Markets Monthly Update

November 2025: Brazil was a primary driver of performance and positioning in a month marked by AI headwinds in Asian markets.

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.

Blogs

International Value Outlook: A More Balanced Opportunity Set in 2026
International value is re-emerging after prolonged underperformance, supported by attractive valuations, improving fundamentals and meaningful geographic and style diversification relative to U.S. growth-heavy portfolios.
ESG Outlook 2026: Resilience and Evolution
Renewables form a relatively high percentage of power both being built today and planned for the immediate future; biodiversity, AI, defense and nuclear are also key issues for 2026.
International Growth Outlook: Necessity Sparks Opportunity
Shifting geopolitics are causing policymakers in Europe and Japan to step up fiscal spending to gain self-sufficiency and generate growth.
U.S. Equity Outlook: Resilience to Keep Bull Market Intact
Capital spending and a resilient U.S. consumer are expected to sustain double-digit corporate profit growth in 2026, leading to positive yet more modest equity returns.
UK Autumn Budget Is Infrastructure Friendly
The November UK Budget offers continued support in terms of pipeline visibility and policy direction, in particular for infrastructure helping the energy transition.