June 2026 Portfolio Construction
The June 2026 Portfolio Construction note examines why equity markets have remained resilient despite rising geopolitical tensions, with U.S.–Iran friction pushing oil prices up 53% this year and reintroducing inflationary pressure that had appeared to be fading.
This month’s piece makes the case that the scale of artificial intelligence investment — approaching $1 trillion annually in global capital expenditure — is providing a meaningful structural offset to near-term cost pressures. While risks remain elevated, CI Global Asset Management’s Alfred Lam, CFA, argues that resilient corporate earnings and the productivity potential of AI leave the medium-term outlook for equities constructive.
To read the full commentary, download the PDF below.