Q3 2026 Baird Chautauqua International and Global Growth Fund Commentary

Published on October 14, 2026

Global equity markets finished the third quarter only modestly higher, but the path beneath the surface was anything but calm. The AI and momentum trade that powered markets in the first half unwound sharply in July, leadership broadened through August as capital returned to areas that had been left behind, and the market narrowed again in September.

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