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Loomis Sayles Global Growth Fund lags MSCI ACWI in Q2 2026
The fund returned 6.43% in Q2 2026 versus 14.93% for the MSCI ACWI, with Trip.com Group Limited a detractor during the quarter.
Loomis Sayles released its Q2 2026 investor letter for the Global Growth Fund, showing the fund returned 6.43% in the quarter, trailing the MSCI ACWI Index's 14.93% gain, according to Yahoo Finance.
The fund uses a long-term private equity approach, targeting high-quality businesses with sustainable competitive advantages and investing at discounts to intrinsic value. At quarter-end, it held an overweight in communication services, consumer discretionary, and healthcare sectors, while carrying underweights in information technology, financials, industrials, and consumer staples.
In the letter, the fund highlighted Trip.com Group Limited as a focus of discussion, noting the stock detracted from performance during the quarter. Trip.com shares closed at $46.11 on August 21, 2026, for a market capitalization of $29.04 billion, with a one-month return of 2.99% and a 52-week decline of 30.06%.