The economics of geopolitics
Trade war escalation and stalled Brexit negotiations have boosted investment risk and market volatility. Our panelists discussed the geopolitical landscape and how it's influencing investment decisions.
The opinions expressed are those of the Fund’s manager and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through March 31, 2019, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. Investment decisions should always be made based on an investor’s specific objectives, financial needs, risk tolerance and time horizon. Past performance is not a guarantee of future results.
Top 10 holdings (%) as of 03/31/2019: Microsoft Corp. 8.4, Alphabet, Inc. 6.9, MasterCard, Inc. 6.1, PayPal, Inc. 5.5, Amazon.com, Inc. 5.4, Zoetis, Inc. 5.0, Adobe, Inc. 4.9, Visa, Inc. 4.6, Intuit, Inc. 4.5 and CoStar Group, 3.9.
The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It is not possible to invest directly in an index.
Co-portfolio Manager Daniel P. Becker, CFA, left the firm effective April 12, 2018.
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