aluxum/iStock via Getty Images Fund performance The Fund rose by 4.59% over the quarter, lagging the benchmark slightly by 18 basis points. Some performance was given back in December due to weakness in China, but we ended the year in positive territory, thanks to a strong turnaround in the second half that saw the portfolio outperform by over 300 basis points. 1 In Taiwan, the AI-driven tech rall...
aluxum/iStock via Getty Images Fund performance The Fund rose by 4.59% over the quarter, lagging the benchmark slightly by 18 basis points. Some performance was given back in December due to weakness in China, but we ended the year in positive territory, thanks to a strong turnaround in the second half that saw the portfolio outperform by over 300 basis points. 1 In Taiwan, the AI-driven tech rally continued, lifting local tech stocks that are at the epicentre of the US AI infrastructure buildout. Stock selection was positive. ASE Technology shares rose as the company increased capacity for its advanced packaging and testing and won new orders by tapping into rising AI-driven demand. Index heavyweight Taiwan Semiconductor Manufacturing Co was another contributor to performance. South Korea also did well. The market and our holdings there are beneficiaries of both the US AI infrastructure build as well as the local "Value-up" programme – a government-led initiative to push Korean corporates to improve shareholder returns. AI plays such as memory chip producers SK Hynix and Samsung Electronics outperformed, alongside power equipment maker Hyundai Electric. 'Value-up' play Samsung C&T also delivered strong returns. In Indonesia, easing concerns around the government and its policies saw investors return to the market, which boosted our holdings, Bank Negara Indonesia and Telkom Indonesia. Telkom was further helped by increased clarity around its efforts to refocus the business, boost profitability and return cash to shareholders. Total Returns (as of 12/31/25) Class Aw/o sales charges Class A with sales charges Institutional Class MSCI Emerging Markets Index (Net TR) 10 Years (p.a.) 6.59 5.96 7.02 8.42 5 Years (p.a.) 0.22 -0.96 0.56 4.20 3 Years (p.a.) 13.35 11.13 13.66 16.40 1 Year 32.02 24.42 32.39 33.57 Year to Date 32.02 24.42 32.39 33.57 3 Months 3.79 -2.17 3.89 4.73 1 month 2.17 -3.71 2.22 2.99 Click to enlarge PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. ...
A campaign of ethnic cleansing and ‘tectonic’ new legal measures are killing the two-state solution to which other governments pay lip service Protecting archaeological sites. Preventing water theft. The streamlining of land purchases. If anyone doubted the real purpose of the motley collection of new administrative and enforcement measures for the illegally occupied West Bank , Israel’s defence m...
A campaign of ethnic cleansing and ‘tectonic’ new legal measures are killing the two-state solution to which other governments pay lip service Protecting archaeological sites. Preventing water theft. The streamlining of land purchases. If anyone doubted the real purpose of the motley collection of new administrative and enforcement measures for the illegally occupied West Bank , Israel’s defence minister spelt it out: “We will continue to kill the idea of a Palestinian state,” Israel Katz said in a joint statement with the finance minister, Bezalel Smotrich. While the world’s attention was fixed upon the annihilation in Gaza, settlers in the West Bank intensified their campaign of ethnic cleansing. More than 1,000 Palestinians have been killed there since October 2023; a fifth of them were children. Many more have been driven from their homes by relentless harassment and the destruction of infrastructure, with entire Palestinian communities erased across vast swathes of land. Continue reading...
In his Thursday order, U.S. District Court Judge James Boasberg ordered the government to allow any of the men deported last year to El Salvador to appear in a U.S. port of entry to be conditionally allowed in as they challenge their removal. (Image credit: Valerie Plesch)
In his Thursday order, U.S. District Court Judge James Boasberg ordered the government to allow any of the men deported last year to El Salvador to appear in a U.S. port of entry to be conditionally allowed in as they challenge their removal. (Image credit: Valerie Plesch)
In trading on Thursday, shares of BCE Inc's Series AI Preferred Shares (TSX: BCE-PRI.TO) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.8475), with shares changing hands as low as $21.05 on the day. As of last close, BCE.PRI was trading at a
In trading on Thursday, shares of BCE Inc's Series AI Preferred Shares (TSX: BCE-PRI.TO) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.8475), with shares changing hands as low as $21.05 on the day. As of last close, BCE.PRI was trading at a
This week we're focusing on a key theme of 2026 — boring is back. The sector in question is MOO-ving in the right direction. There is also a specific stock within this sector that is making new 52-week highs and just starting to turn around. That sector is agribusiness. The ETF that tracks the largest companies involved in fertilizers, seeds, farm machinery, livestock feed, and agricultural chemic...
This week we're focusing on a key theme of 2026 — boring is back. The sector in question is MOO-ving in the right direction. There is also a specific stock within this sector that is making new 52-week highs and just starting to turn around. That sector is agribusiness. The ETF that tracks the largest companies involved in fertilizers, seeds, farm machinery, livestock feed, and agricultural chemicals. It gives investors that broad exposure to the full food-production value chain. That ETF also has one of my favorite tickers — MOO — the VanEck Agribusiness ETF . Glancing at this one-year daily chart you see its recent parabolic rise. The sector is already up 17% year to date and well overbought based on its RSI reading. Keep this idea on the back burner because any pullback should be seen as an opportunity to add exposure to this part of the materials sector. Why? Let's look at it on a longer time horizon — a 10-year weekly chart. This has all the characteristics of a longer-term technical turnaround play. It checks the primary boxes on our reversal checklist: The stock has stopped going down as we have made a higher low. We have cleared major moving averages. The intermediate- and longer-term trends have broken. We have something to reverse. Now may not be the perfect time to rush in, but given its cyclicality and overall trend change the risk/reward is favorable to add to your portfolio especially on a dip. Support in the $80 to $82 range is likely to hold. What's more interesting is looking under the hood of the ETF and its key components. Many of them are just starting to heat up and giving investors great risk/reward entry points. One of those is a Canadian agricultural company that trades on the NYSE named Nutrien. Looking at this stock on a one-year daily chart, I see one of my favorite technical patterns — the rounded bottom breakout. We see a clean breakout on a gap and run to new 52-week highs. When we back it out on a five-year weekly time frame, we get ir...
In trading on Thursday, shares of Stifel Financial Corporation's 6.25% Non-Cumulative Preferred Stock, Series B (Symbol: SF.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $24.03 on the day.
In trading on Thursday, shares of Stifel Financial Corporation's 6.25% Non-Cumulative Preferred Stock, Series B (Symbol: SF.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $24.03 on the day.
In trading on Thursday, shares of Hudson Pacific Properties Inc's 4.750% Series C Cumulative Preferred Stock (Symbol: HPP.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $14.62 on the day. This
In trading on Thursday, shares of Hudson Pacific Properties Inc's 4.750% Series C Cumulative Preferred Stock (Symbol: HPP.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $14.62 on the day. This
Amazon (NASDAQ: AMZN) can rarely catch a break from market negativity these days. The company, which is now the largest company in the world by sales on a trailing 12-month basis, should be receiving accolades based on its strong performance and seemingly endless opportunities. There are few industries at this point where it doesn't touch some kind of base. But Amazon stock plunged after earnings ...
Amazon (NASDAQ: AMZN) can rarely catch a break from market negativity these days. The company, which is now the largest company in the world by sales on a trailing 12-month basis, should be receiving accolades based on its strong performance and seemingly endless opportunities. There are few industries at this point where it doesn't touch some kind of base. But Amazon stock plunged after earnings recently, and it's down 8% over one year as of this writing. Is this an incredible opportunity for investors? Or is it a huge mistake to buy now? Let's check it out. Continue reading
AI startup Anthropic said on Thursday it has raised $30 billion in its latest funding round, which was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, valuing the Claude chatbot maker at $380 billion. Investor interest in AI startups has continued to surge, driven by expectations of rapid growth and widespread commercial adoption, giving companies like Anthropic and ChatGP...
AI startup Anthropic said on Thursday it has raised $30 billion in its latest funding round, which was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, valuing the Claude chatbot maker at $380 billion. Investor interest in AI startups has continued to surge, driven by expectations of rapid growth and widespread commercial adoption, giving companies like Anthropic and ChatGPT maker OpenAI soaring valuations. Other significant investors in the Series G funding round included Sequoia Capital, Menlo Ventures, Lightspeed Venture partners, Blackstone and affiliated funds of BlackRock.
After defying gravity for much of the past few years, Palantir Technologies (NASDAQ: PLTR) is finally coming back to earth, with the stock falling as much as 6.7% on Thursday. As of 2:00 p.m. ET, the stock was still down 5%. The catalyst that sent the data mining and artificial intelligence (AI) specialist lower was a bearish prediction by a well-known investor. Image source: Getty Images. Continu...
After defying gravity for much of the past few years, Palantir Technologies (NASDAQ: PLTR) is finally coming back to earth, with the stock falling as much as 6.7% on Thursday. As of 2:00 p.m. ET, the stock was still down 5%. The catalyst that sent the data mining and artificial intelligence (AI) specialist lower was a bearish prediction by a well-known investor. Image source: Getty Images. Continue reading
Endangerment finding rollback will make families ‘sicker and less safe’, environmental advocate says US politics live – latest updates The Trump administration has revoked the bedrock scientific determination which gives the government the ability to regulate climate-heating pollution. The move was described as a gift to “billionaire polluters” at the expense of Americans’ health. The endangerment...
Endangerment finding rollback will make families ‘sicker and less safe’, environmental advocate says US politics live – latest updates The Trump administration has revoked the bedrock scientific determination which gives the government the ability to regulate climate-heating pollution. The move was described as a gift to “billionaire polluters” at the expense of Americans’ health. The endangerment finding, which states that the buildup of greenhouse gases in the atmosphere endangers public health and welfare, has since 2009 allowed the Environmental Protection Agency (EPA) to limit heat-trapping pollution from vehicles, power plants and other industrial sources. Continue reading...
On February 11, Hodges Capital Management Inc. disclosed a buy of 228,146 Bank OZK (NASDAQ:OZK) shares, an estimated $10.67 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 11, Hodges Capital Management Inc. bought 228,146 additional shares of Bank OZK in the fourth quarter. The estimated value of this trade was $10.67 ...
On February 11, Hodges Capital Management Inc. disclosed a buy of 228,146 Bank OZK (NASDAQ:OZK) shares, an estimated $10.67 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 11, Hodges Capital Management Inc. bought 228,146 additional shares of Bank OZK in the fourth quarter. The estimated value of this trade was $10.67 million, calculated using the average closing price for the quarter. The fund’s total position value in Bank OZK increased by $9.97 million by quarter-end, reflecting both the purchase and changes in the stock price. Top holdings after the filing: Continue reading
pingingz/iStock via Getty Images Introduction Nebius Group N.V. ( NBIS ) price action in recent months has been more or less aligned with the likes of a rollercoaster. Since my last coverage of the stock , in which I rated it a Strong Buy, it is down approximately 10%, while the market (S&P 500, SPX) has gained 2%. SA NBIS is one of the great trading vehicles in today's stock market. Still, there ...
pingingz/iStock via Getty Images Introduction Nebius Group N.V. ( NBIS ) price action in recent months has been more or less aligned with the likes of a rollercoaster. Since my last coverage of the stock , in which I rated it a Strong Buy, it is down approximately 10%, while the market (S&P 500, SPX) has gained 2%. SA NBIS is one of the great trading vehicles in today's stock market. Still, there are vast fundamental reasons to engage in ownership of NBIS stock. Those we will have a look at today, as the company just reported their Q4 2025 and FY 2025 earnings. We will use this release to check important business updates, as well as to stress-test my previous thesis: I am now rating Nebius a Strong Buy as well. My rating is based on the following factors: AI data center demand is still underestimated, and more contracts are likely to follow in the coming months and years. Its own ARR guidance reveals it to be cheaper than IREN on a forward P/S basis. Technicals support further upside. Financials Nebius delivered yet another strong quarter , with 2025 ARR coming in 25% above guidance of $1B, at $1.25B. This means ARR increased 14-fold YoY, and guidance for 2026 is reaffirmed at $8B at the midpoint, representing a 7X increase over 2025. Nebius noted they are "on track" to achieve said guidance. Their guidance for 2026 contracted power capacity has been revised to the upside for the second time now, starting at 1 GW and now having grown to at least 3 GW. NBIS IR Nebius put up a strong growth quarter, but it came in light versus the Street on the two lines that matter for near-term sentiment. Q4 revenue was $227.7M, up 547% YoY, but below the consensus of $246.1M. Adjusted EBITDA flipped positive to $15.0M, yet still missed the roughly $22.55M analysts were looking for. The GAAP net loss widened to $249.6M from $133.2M a year ago. And the capacity build remains extremely capital intensive: Q4 purchases of property and equipment were $2.1B versus $417.5M last year. As de...