Nutthaseth Vanchaichana/iStock via Getty Images Fund performance Columbia Cornerstone Equity Fund Institutional Class shares returned 3.27% for the three months ending December 31, 2025. The fund's benchmark, the S&P 500 Index, returned 2.66% over the same period. In sector terms, positioning within health care, financials, consumer discretionary and communication services led contributions to rel...
Nutthaseth Vanchaichana/iStock via Getty Images Fund performance Columbia Cornerstone Equity Fund Institutional Class shares returned 3.27% for the three months ending December 31, 2025. The fund's benchmark, the S&P 500 Index, returned 2.66% over the same period. In sector terms, positioning within health care, financials, consumer discretionary and communication services led contributions to relative performance, while positioning within information technology and industrials weighed most heavily on performance. Market overview U.S. equities posted a gain of 2.66% during the fourth quarter, as measured by the S&P 500 Index. The positive three-month return was primarily a function of the same factors that propelled stocks over the full year: namely, better-than-expected economic growth, robust corporate earnings results and inflation that largely remained below an annualized rate of 3%. The U.S. Federal Reserve continued to ease policy, cutting rates by a quarter point at its meetings in October and December and announcing an end to the multi-year effort to reduce the size of its balance sheet. Stocks also remained supported by ongoing excitement surrounding the artificial intelligence (AI) theme, albeit with a brief stretch of concern in November that AI-related equities were in a "bubble." Notably, the quarter was characterized by a broadening of leadership away from the mega-cap technology stocks that had been key drivers of market performance for most of the year, as value stocks outpaced their growth counterparts. Top holdings (% of net assets): as of December 31, 2025 NVIDIA ( NVDA ) 7.99 Microsoft ( MSFT ) 7.25 Alphabet-C ( GOOG ) 6.51 Apple ( AAPL ) 5.43 Amazon.com ( AMZN ) 4.89 Meta Platforms ( META ) 3.34 Broadcom ( AVGO ) 3.33 JPMorgan Chase ( JPM ) 3.13 Eli Lilly & Company ( LLY ) 2.34 Mastercard ( MA ) 2.31 Top holdings exclude short-term holdings and cash, if applicable. Fund holdings are as of the date given, are subject to change at any time, and ar...
Hong Kong flag carrier Cathay Pacific Airways will increase its fuel surcharge for all flights by 34 per cent from April – the second increase in two weeks – citing “considerable pressure” resulting from the impact of conflict in the Middle East on oil prices. The airline said on Thursday that the fuel surcharge for long-haul flights would increase by HK$396 to HK$1,560, or 34 per cent from the cu...
Hong Kong flag carrier Cathay Pacific Airways will increase its fuel surcharge for all flights by 34 per cent from April – the second increase in two weeks – citing “considerable pressure” resulting from the impact of conflict in the Middle East on oil prices. The airline said on Thursday that the fuel surcharge for long-haul flights would increase by HK$396 to HK$1,560, or 34 per cent from the current HK$1,164. The measure takes effect on Wednesday of next week. The increase also means the...