Northern Trust Asset Management·2026-06-24·via All Articles on Seeking Alpha
Summary
Northern U.S. Government Fund underperformed its benchmark during the quarter ending 31st March 2026.
The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks.
Despite a strong start, a challenging March led to weak 1Q financial market returns.
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Fund Commentary
The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation
