John Hancock U.S. Global Leaders Growth Fund Q1 2026 Comm...
John Hancock Investment Management·2026-06-19·via All Articles on Seeking Alpha
Summary
Economic uncertainty and inflation fears brought on by an intensifying conflict in the Middle East weighed on U.S. stocks in the first quarter.
John Hancock U.S. Global Leaders Growth Fund trailed the return of its benchmark, the Russell 1000 Growth Index, due primarily to stock selection in the IT sector.
Intuit, Inc. and Salesforce.com, Inc. came under pressure from the AI disruption theme despite reporting solid earnings during the quarter.
SGA Sustainable Growth Advisers added credit card processor Mastercard, Inc., a high-quality company that became attractive after a government proposal to cap credit card interest rates at 10%.
SGA Sustainable Growth Advisers eliminated portfolio holdings Gartner, Inc., and UnitedHealth Group, Inc., both of which no longer fit the investment thesis.
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Quarterly commentary Highlights
Economic uncertainty and inflation fears brought on by an intensifying conflict in the Middle East weighed on U.S. stocks in the first quarter.
Growth stocks lagged during the quarter as IT stocks
