Contents Market CommentaryPortfolio CommentaryNotes from the RoadBusiness UpdateTotal Returns | As of June 30, 2025 Market Commentary Key Takeaways The High-Quality Squeeze The second quarter of 2025 brought strong equity market returns, despite heightened geopolitical uncertainty. Notably, foreign small cap growth stocks led the rally. Exhibit 1 Source: Factset, MSCI Indices, June 30, 2025. Distinct […]
