Western Asset GSM 7-Year Portfolios outperformed the benchmark (gross of fees, underperformed net of fees).
The first quarter of 2026 was characterized by elevated geopolitical risk and accelerating AI-driven disruption across the software sector and its incumbent business models.
In the US, policy tailwinds and deregulation continue to support activity despite signs of softer labor conditions.
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Key Takeaways
Markets: The first quarter of 2026 was characterized by elevated geopolitical risk and accelerating AI-driven disruption across the software sector and its incumbent business models. The period was shaped by a series of international
