Navigating Volatility: A Strategic Review of Global Market Dynamics and Fund Performance

Analyzing the First Quarter 2026 Performance of Nomura Global Growth Fund

For the initial quarter of 2026, the Institutional Class shares of the Nomura Global Growth Fund recorded a negative overall return. This performance trailed its designated benchmark, the MSCI ACWI Index (net), indicating a period of challenging market conditions for the fund.

Market Landscape: Geopolitical Tensions and Volatility in Q1 2026

During the first quarter of 2026, global markets, as measured by the MSCI ACWI (All Country World Index) Index, observed a net decline of 3.2%. An initial period of market strength was subsequently overshadowed by recurring episodes of risk aversion, culminating in a significant market downturn in March, primarily influenced by escalating geopolitical tensions.