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.
Top 10 equity holdings as a percent of net assets as of 09/30/2019: Nestle S.A., Registered Shares 2.8%, Total S.A. 2.7%, Airbus SE 2.2%, Tokio Marine Holdings, Inc. 2.2%, Subaru Corp. 2.2%, SAP AG 2.1%, DNB ASA 1.8%, Orange S.A. 1.8%, Zozo, Inc. 1.8% and Danone S.A. 1.7%. All information is based on Class I shares. MSCI EAFE is an unmanaged index comprised of securities that represent the securities markets in Europe, Australasia and the Far East. It is not possible to invest directly in an index.
Risk factors: The value of the Fund's shares will change, and you could lose money on your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. International investing involves additional risks including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets. These and other risks are more fully described in the fund's prospectus. Not all funds or fund classes may be offered at all broker/dealers.