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 managers and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through Sept. 30, 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 equity holdings as a percent of net assets as of 09/30/2019: Roche Holdings AG, Genusscheine 3.3%, ENEL S.p.A. 3.2%, Tesco plc 2.9%, Volkswagen AG 2.9%, Honda Motor Co. Ltd. 2.8%, Schneider Electric S.A. 2.8%, Hitachi Metals Ltd. 2.7%, Travis Perkins plc 2.6%, A.P. Moller-Maersk A/S 2.6% and Rexel S.A. 2.6%.
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All information is based on Class I shares.
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