For 1Q26, Nomura Balanced Fund Institutional Class shares outperformed the Fund's equity benchmark, the S&P 500® Index.
Global markets began the year with positive performance, building on the previous year's strength in international equities.
A protracted war increases the risk that asset prices will reflect concerns about weaker economic activity and higher inflation.
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Market review
The cautious optimism that characterized the beginning of 1Q26 quickly succumbed to the escalating geopolitical tensions and widespread market disruption that unfolded as the period progressed. Global markets began the year with positive
