Global equities began the quarter on solid footing but subsequently reversed course amid concerns surrounding the software sector, driven in part by new AI developments from Anthropic.
The largest contributions came from the materials and energy sectors, as oil prices broke above $100 per barrel.
We added to our positions in Accenture, Publicis, and Daikin, all on weakness.
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Global equities began the quarter on solid footing but subsequently reversed course amid concerns surrounding the software sector, driven in part by new AI developments from Anthropic (ANTHRO). These concerns, coupled with an escalating conflict
