hyejin kang/iStock via Getty Images The AMG GW&K Small Cap Value Fund ((Class N)) returned 4.20% in the first quarter of 2026, compared with a 4.96% return for its benchmark, the Russell 2000® Value Index. For the 12-month period ending March 31, 2026, the Fund returned 17.23% compared to a 28.09% return for its benchmark. Please note that this Fund has multiple share classes. Market Overview ▶ Th...
hyejin kang/iStock via Getty Images The AMG GW&K Small Cap Value Fund ((Class N)) returned 4.20% in the first quarter of 2026, compared with a 4.96% return for its benchmark, the Russell 2000® Value Index. For the 12-month period ending March 31, 2026, the Fund returned 17.23% compared to a 28.09% return for its benchmark. Please note that this Fund has multiple share classes. Market Overview ▶ The broadening theme we have often mentioned as critical to U.S. small cap performance did play out for most of the quarter. However, there were some very strong areas that drove overall performance and it is worth noting the market narrowed in March. ▶ For Q1, Small Cap Value crushed the Growth benchmark by 777 basis points (bps). ▶ Within the Russell 2000® Value Index, the energy sector returned 43.4% and was an obvious standout as oil prices surged. The information technology (+9.9%), consumer staples (+9.8%), and materials (+4.2%) sectors also offered impressive results given a heightened potential for negative economic outcomes from the war. ▶ On the opposite side, sectors such as consumer discretionary (-3.9%), financials (+0.7%), and real estate (+0.8%) and were at the bottom of the rankings. In health care, typically a standout in times of stress, all industries were in the red, except for biotechnology (+9.4). ▶ Examining factor performance, the quarter leaned a bit toward higher quality while March was oddly neutral to slightly lower quality. Fund Review ▶ On a factor allocation basis, the Fund had a tailwind for the quarter of about 87 bps, so the cause of the underperformance was attributable to selection and sector allocation. On the allocation side, our modest underweight to energy accounted for most of the 38-bps impact. ▶ On the positive side, stock selection results in industrials and information technology were excellent. ▶ In industrials, outperformance was led by Powell Industrials, Inc., Thermon Group Holdings, Inc., Ducommun Incorporated ( DCO ), and Eve...
In 2009, Nvidia Corp. CEO Jensen Huang predicted a fundamental shift in computing power, arguing that GPUs would eventually eclipse CPUs as the industry’s primary engine of innovation, a forecast that has largely come true amid today’s AI boom. During...
In 2009, Nvidia Corp. CEO Jensen Huang predicted a fundamental shift in computing power, arguing that GPUs would eventually eclipse CPUs as the industry’s primary engine of innovation, a forecast that has largely come true amid today’s AI boom. During...
Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countries The US added Chinese e-commerce company Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update released on Monday supe...
Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countries The US added Chinese e-commerce company Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update released on Monday supersedes a list from early 2025, and comes less than a month after Donald Trump met China’s Xi Jinping on a visit to Beijing, where the two leaders maintained a delicate trade war truce. Continue reading...
EschCollection/DigitalVision via Getty Images FDMO at a Glance The fund I'm reviewing today is the Fidelity Momentum Factor ETF ( FDMO ) - which is one of those funds that sounds a lot riskier than it actually is. The word "momentum" immediately makes people think of meme stocks, chasing performance, and buying whatever ran the hardest over the last three months. But when you actually look under t...
EschCollection/DigitalVision via Getty Images FDMO at a Glance The fund I'm reviewing today is the Fidelity Momentum Factor ETF ( FDMO ) - which is one of those funds that sounds a lot riskier than it actually is. The word "momentum" immediately makes people think of meme stocks, chasing performance, and buying whatever ran the hardest over the last three months. But when you actually look under the hood, that's not really what this ETF is doing, and I think it's worth a glance. FDMO is owned and operated by Fidelity with $ 903MM in assets as of June 5, 2026, and went live in September 2026. The fund still lives squarely in the large- and mid-cap U.S. universe. You're not getting micro-cap biotech companies or speculative stories with no earnings. Instead, Fidelity uses a systematic approach to overweight big companies demonstrating stronger relative price trends and underweight those losing leadership. In practice, that means the portfolio naturally migrates toward the parts of the market that are working while staying anchored in companies most investors already know. The timing of that approach has been particularly favourable recently. After a volatile start to the year, FDMO has quietly put together a very strong 2026, handily outperforming the broader market as leadership once again concentrated around technology, communications, and companies benefiting from the ongoing AI investment cycle. Momentum isn't always rewarded, but over the past eighteen months it absolutely has been, and FDMO has been one of the cleaner ways to access that trend. Portfolio: Chasing Winners Without Going Off the Deep End This is really where I think the fund separates itself from some of the more niche factor products on the market. Because if you hear "momentum ETF," you might expect to find a collection of obscure names you've never heard of that happened to spike recently. Instead, FDMO's top holdings include companies like Nvidia, Apple, Amazon, Alphabet, Meta, Broadcom, Tesla,...
IDC Senior Research Director Nabila Popal says Apple's Siri AI holds two key advantages over other AI models: its access to personal contacts and strong focus on privacy and security. She also says Apple has caught up on AI strategy this year and its new features will enhance user experience. (Source: Bloomberg)
IDC Senior Research Director Nabila Popal says Apple's Siri AI holds two key advantages over other AI models: its access to personal contacts and strong focus on privacy and security. She also says Apple has caught up on AI strategy this year and its new features will enhance user experience. (Source: Bloomberg)