April 08, 2025
Commentary: NCM Core Global and NCM Core International
Portfolio Manager Phil D'Iorio, MBA, CFA reviews Q1 2025 and shares his thoughts on recent market and economic events.
"Bringing it all together, we believe the risks to the global economy have increased given the uncertainty surrounding U.S. tariff policy. What happens next will depend on how the various countries respond to the U.S. tariffs."
Download the full commentary here.
Author
Phil D'Iorio, MBA, CFA
I search around the globe for best-of-breed companies trading at attractive valuations. And I spend a significant amount of time thinking about portfolio construction to ensure that the portfolio is optimized to reflect where we are in the cycle.