Navigating Volatility: A Story of Strategic Outperformance
Exceptional First Quarter Performance Amidst Global Turmoil
The AMG Boston Common Global Impact Fund (Class I) achieved a notable return of -0.80% in the first quarter of 2026, significantly surpassing its benchmark, the MSCI ACWI Index, which recorded -3.20%. This strong relative performance underscores the fund's resilience and effective management in a period marked by considerable market fluctuations. Looking at the broader picture, the fund delivered an impressive 24.97% return over the 12 months ending March 31, 2026, comfortably outpacing the benchmark's 20.01% gain.
Geopolitical Events Reshape Energy Markets and Global Outlook
The first quarter was profoundly influenced by escalating geopolitical tensions, particularly the U.S.-Israeli conflict in Iran. This development triggered a dramatic repricing in the global energy markets, leading to a more than 50% surge in oil prices. Such significant shifts contributed to a rapid increase in macro-economic risks, creating a challenging environment for investors worldwide.
Driving Factors Behind Superior Fund Results
The fund's superior performance was primarily driven by exceptional stock selection across several key sectors. Investments in industrials, communication services, healthcare, and technology proved particularly fruitful. These strategic choices allowed the fund to capitalize on emerging opportunities and mitigate risks associated with broader market volatility, thereby delivering value to its investors.
