In this video series, we share highlights from a conversation between Portfolio Manager Uday Cheruvu and Portfolio Specialist Apurva Schwartz exploring the forces behind the recent shift in global market leadership. From macroeconomic recovery abroad to valuation gaps and policy uncertainty in the US, they discuss why international equities are gaining ground—and why quality growth opportunities outside the U.S. may be just beginning.
Why have international stocks been better this year?
Uday and Apurva unpack the recent outperformance of international equities, highlighting macroeconomic recovery in Europe and China, rising policy uncertainty in the US, and a historic valuation gap between US and non-US markets. They explore how these forces may shape global returns in the coming decade.
Opportunities in non-US quality growth companies
Uday and Apurva spotlight the breadth of high-quality companies abroad, arguing that international markets offer compelling value, improving fundamentals, and a potential inflection point for long-term investors.