ETFs & Funds
Home›ETFs & Funds›Fund Industry›First Eagle Global Fund ends Q2 2026 up on risk rally…
First Eagle Global Fund ends Q2 2026 up on risk rally and dollar strength
The fund returned 2.86% in Q2, but lagged the MSCI World Index, while Global Fund A Shares declined in developed Asia ex Japan and Japan.
First Eagle Global Fund’s Q2 2026 investor update pointed to an upbeat quarter for global markets, as easing tensions in the Middle East helped drive a rally in risk assets. Yahoo Finance reported the S&P 500 Index rose 15.2% in Q2, while the MSCI EAFE Index gained 10.8%, with growth stocks outperforming value. The update also flagged a shift in U.S. interest rate expectations after Kevin Warsh’s appointment as chair of the Federal Open Market Committee. According to the report, Treasury yields moved higher and the dollar strengthened, even as concerns persisted around fiscal constraints and limited policy flexibility. Within the fund’s performance, Global Fund A Shares returned 2.86% in Q2 2026. Yahoo Finance said emerging markets and developed Europe were the primary contributors, while Developed Asia excluding Japan was the only detractor and Japan lagged, and the fund underperformed relative to the MSCI World Index over the period. The letter cited sector and stock positioning as part of the story, with information technology and financials leading among equity sectors, while materials and energy detracted. The update also described buoyant earnings expectations tied to AI infrastructure developments, and noted ExxonMobil Holdings Corporation as a highlighted holding, including an August 31 close of $160.95 per share and a $661.81 billion market capitalization.
Latest closeS&P 500 7,631.47 ▼0.7%