Franklin Templeton·2026-05-26·via All Articles on Seeking Alpha
Summary
Franklin Mutual Shares Fund (Class Z without sales charges) underperformed its benchmark, the Russell 1000 Value Index, for the quarter ended March 31, 2026.
US-based beauty company Estee Lauder detracted from relative performance on news it was exploring a merger with Spain-based Puig.
Energy company EOG Resources contributed to relative performance, as the launch of military action in Iran drove up oil prices in March.
Among value companies, the industrials sector has been a leading performer, receiving a tailwind from AI investment.
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Key Takeaways
Markets: US equities, as measured by the Russell 1000 Index, fell during the quarter, on both fears about the impact spiking energy prices would have on the global economy following the closure of the Strait of
