The International Equity portfolio declined 6.5% gross during 1Q vs a 1.2% decline for the MSCI EAFE Index.
Taiwan Semiconductor Manufacturing Co., Ltd. continued to benefit from attractive demand fundamentals and raised its revenue outlook after consistently exceeding sales expectations in prior quarters.
Market fears around AI disruption overshadowed SAP SE's reported topline growth and margin expansion.
ICON, PLC declined sharply after announcing a delay to fourth quarter reporting due to an internal investigation into prior year revenue recognition.
The London Company expects geopolitical developments in the Middle East to dominate headlines and sustain elevated market volatility.
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Market Update
Global equity markets opened 2026 on a volatile note, as geopolitical shocks and shifting rate expectations reversed last year's momentum. The MSCI ACWI declined 3.2% for the quarter, reflecting a broad pullback in risk appetite. In the
