North America | 60.8 % |
Europe | 24.1 % |
Asia | 12.3 % |
Asia-Pacific | 2.7 % |
Total % Equities | 100.0 % |
The social theme is one of the most disregarded areas within ESG. Yet we believe that companies providing positive experiences to both their customers and employees are better positioned to achieve superior returns over the long run.
Market environment
The United States and Europe are starting to diverge at macroeconomic and monetary policy levels.
Although the US economy remains firm, signs of cooling were observed in May.
In Europe, PMIs published during the month confirmed an improvement in economic activity.
The downward trend for US interest rates helped growth stocks.
Nvidia continued to benefit from investors’ excitement about artificial intelligence after publishing its results.