January 21, 2026
Commentary: NCM Core Global and NCM Core International
Portfolio Manager Phil D'Iorio, MBA, CFA reviews what happened in 2025 and provides an outlook for 2026.
"The key factors driving our view include monetary policy, fiscal policy, and strong corporate earnings across most regions around the world."
Download the full commentary here.
Author
Phil D'Iorio, MBA, CFA
I search around the globe for best-of-breed companies trading at attractive valuations. And I spend a significant amount of time thinking about portfolio construction to ensure that the portfolio is optimized to reflect where we are in the cycle.