RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter.
The letter can be downloaded here
The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%.
The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund’s top five holdings to see its best picks in 2026. In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU).