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Crossing this midyear milestone may elicit a symbolic sigh of relief, but turning a calendar page doesn’t alter market realities or address the matter of how best to position portfolios for the next six months and beyond. That’s the critical task in an environment where the noise has only grown louder, certain signals look less favorable and financial markets have doubled down on volatility.
Returns quoted represent past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Current performance may be higher or lower than the performance shown. Returns without sales charges would be lower if the sales charges were included. Returns assume reinvestment of dividends and capital gains. Class I shares and institutional have no sales charge and may be purchased by specified classes of investors.
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