Although Global Equities have enjoyed strong performance in the first half of the year, we maintain a conservative positioning. Economic resilience has driven global equity valuations higher in the first half of the year, leading us to decrease our overall equity exposure from 57% to 54%. The fund’s fixed income duration has also been increased from 5.7 years at the beginning of the year to 6.3 years as we expect that central banks are near the end of their rate-hiking cycle. Learn more about other tactical decisions made to the fund. | 
