Opportunities Beyond U.S. Markets: The Strategic Case for International Public Equities
The global investment landscape appears to be in the early stages of a powerful shift after more than a decade of U.S. market dominance. International and global equities have begun to outperform notably, suggesting a potential realignment in performance leadership.
The possibility of a turning point is supported by a robust combination of factors:
(1) Broadening leadership across international geographies and capitalizations
(2) Renewed earnings momentum in international markets
(3) Compelling relative valuations favoring international markets
(4) Reduced cross-market correlations
(5) Currency dynamics that increasingly favor international exposure
(6) A more accommodative global policy environment
Additionally, (7) public markets are regaining ground as a credible alternative to private capital, offering transparency, liquidity, and access to global innovation leaders, advantages that private markets increasingly struggle to match.
For long-term investors, the case for rebalancing toward international and global public equities might be timely and appears strategically sound. Global public markets are poised to play an enhanced role in forward-looking portfolio construction, offering investors the opportunity to access a broader and increasingly independent set of return drivers. We believe Axiom’s all-cap strategies are designed to take advantage of this more opportunity-rich environment.
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Disclaimer: This White Paper may contain forward-looking statements within the meaning of the U.S. federal securities laws. Actual results could and likely will differ, sometimes materially, from those projected or anticipated and investors should not rely on such forward-looking statements in making their investment decisions. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statements regarding past trends as a representation that trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. The information contained herein represents neither an offer to sell nor a solicitation of an offer to buy any securities or investment service.
