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Loomis Sayles Global Growth Fund points to Alphabet as Q2 contributor
The fund returned 6.4% in Q2 2026, trailing the MSCI ACWI Index’s 14.9% gain, while keeping an overweight in communication services and healthcare.
Loomis Sayles Global Growth Fund highlighted Alphabet Inc., the parent of Google, as a leading contributor in its Q2 2026 investor letter, according to Yahoo Finance. The fund described Alphabet as a holding company whose main business is Google, spanning online search and advertising, cloud offerings, and artificial intelligence.
The letter said Google leads global online search and advertising and is able to use its scale to improve search results and advertiser conversion, supporting what it described as a strong search revenue position. Loomis Sayles also framed Google’s consumer, advertiser, and publisher network as an ecosystem that can benefit third-party participants.
In the same quarter-end portfolio update, the fund maintained overweight exposure to communication services, consumer discretionary, and healthcare, while carrying underweights in information technology, financials, industrials, and consumer staples.
Performance-wise, the fund returned 6.43% in Q2 2026, compared with the MSCI ACWI Index’s 14.93% return. Yahoo Finance also noted Alphabet closed on August 21, 2026 at $341.75 per share and had gained 63.39% over the prior 52 weeks.