The Portfolio returned -3.63% (gross) and the MSCI ACWI Net returned -3.20%.
U.S. equity investments detracted, while international equity holdings contributed.
While volatility has increased with the onset of conflict, financial markets have proven relatively resilient.
mnbb/iStock via Getty Images
Investment environment
Global financial markets were relatively stable in the first two months of 2026, supported by resilient economic growth and hopes for central bank rate cuts.
Volatility increased in March after the outbreak of
