Wasatch Global Investors, an asset management company, released its “Select Strategy” Q2 2026 investor letter.
A copy of the letter can be downloaded here
Global small- and mid-cap equities delivered strong returns in the second quarter, primarily driven by enthusiasm surrounding artificial intelligence. Geopolitical tensions between the U.S. and Iran were volatile in the quarter; however, a ceasefire towards the end helped alleviate concerns and positively impacted investor sentiment. The MSCI All Country World Index gained 14.93%, while the Wasatch strategy also experienced gains, although it lagged behind the index due to weaker stock selection in U.S. information technology and financial sectors.
The firm focused on investing in high-quality, long-duration growth opportunities that benefit from AI, while also recognizing the potential of non-AI beneficiaries. They believe that fundamentals will eventually recapture investor attention, positioning these holdings for long-term outperformance. In addition, please check the Fund’s top five holdings to know its best picks in 2026.