The fund increased holdings in TEL as part of a strategy targeting layered growth signals amid market volatility and AI-driven disruption.
Bell Global Equities Fund expanded its position in TE Connectivity Ltd. (NYSE:TEL) during Q1 2026, citing layered growth signals and resilience in connectivity and sensor solutions. The fund’s wholesale class declined 3.1% in March, underperforming the MSCI World ex Australia Index’s 2.5% drop due to underweight energy exposure and weak stock selection in communication services and health sectors.
TE Connectivity shares rose 0.63% over the past month and 23.73% in the last 52 weeks, reflecting investor confidence in its long-term prospects. The fund attributed recent market weakness to sentiment-driven selling rather than fundamental deterioration, viewing it as an opportunity to accumulate high-conviction stocks.
Stabilization in early April followed a tentative Middle East ceasefire, though ongoing energy supply risks and AI-driven sector rotation remain key market drivers through 2026.