Economies worldwide have proved resilient in the face of stubbornly high inflation and monetary tightening, and equities were rewarded with strong returns in the first quarter of 2023. Heightened concern over banks’ stability held back the financial sector, but elsewhere the rebound begun in the fourth quarter of 2022 remained in full swing. Europe’s momentum continued, backed by exports to a re-opening China and ever-cheaper energy; the Eurozone is increasing in the strategy’s model rankings and positioning. Despite Information Technology’s preponderance in the US and market leadership for the quarter, overseas markets kept pace, supported by modest strength in currencies such as the euro and pound, and company fundamentals within sectors. We believe that this latter source of strength—resiliency of earnings and convergence of multiples towards levels seen in US peers—will prove a long-term tailwind for international equities’ performance.
Recent Insights
Celebrating Excellence: Three Bailard Equity Strategies Attain PSN Top Guns List Status for Q4 2023
Bailard is thrilled to announce its inclusion in the PSN Top Guns List for top performance in separate accounts, managed accounts, and managed ETF strategies for the fourth quarter of 2023. This recognition, presented by Zephyr, highlights the achievements of product offerings within the PSN peer reporting framework.
March 26, 2024
GOBankingRates, Estate Planning “4 Things To Consider for Parents of Children With Disabilities”
Parenting a child with disabilities is one of the most powerful and important jobs anyone could do. You want to protect your child in every way possible, ensuring they stay safe while enjoying a full world of potential. But keeping the world open to your children takes a lot of planning for the long-term future — including the day you’re no longer there to advocate for them directly.
March 22, 2024
Bailard Technology Strategy Named to Pensions & Investments’ Top-Performing Equity Managers as of Q4 2023
The Bailard Technology Strategy was a top performer in Morningstar's Overall U.S. Separate Accounts Category over 1-year period, and Morningstar's Technology Category over 1- and 5-year periods ending December 31, 2023
March 21, 2024
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