π Franklin Templeton: The Case for Going Beyond US Borders
ClearBridge's Michael Testorf argues concentrated US portfolios risk leaving returns on the table as international equities enter a pivotal window, with shifting conditions between value and growth abroad. The piece frames opportunity around company lifecycle stages and evolving AI adoption globally, identifying which company types benefit most as AI moves into its next phase. Testorf highlights specific regional allocations and sectors he sees as best positioned today. For investors, this reinforces a broader 2026 asset-manager theme, echoed by Schroders and JPMorgan, that market leadership is broadening beyond concentrated US mega-cap tech.
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