US Equities Masterclass Takeover | First Eagle Investments

The US equity outlook is at a crossroads, and small caps are stealing the spotlight. With AI-driven productivity, a surge in IPO activity, and historic valuation gaps, are we witnessing the long-awaited small cap revival? Or is concentrated mega cap dominance masking deeper risks in the US market? Investment experts weigh real earnings recovery against persistent macro headwinds, delivering sharp, actionable insights. 

Speakers: 

• Bill Hench, Head of Small Cap Team and Portfolio Manager, First Eagle Investments
• Daniel Say, Senior Investment Analyst, Ascot Lloyd IM 
• Jack Byerley, Collective Portfolio Service Manager, Verso IM 
• Nathan Sweeney, CIO Multi-Asset, Marlborough 

Learning outcomes 

1. Is now the time to underweight or overweight US equity exposure 
2.  How to build diversified exposure to North American equities 
3. The prospects for US smaller companies

Chapters

• 00:21 Fund Buyers’ Perspectives on US Equity Positioning
• 07:38 The AI Phenomenon: Bubble or Productivity?
• 14:24 Small Caps: Benefits, Examples, and Portfolio Construction
• 31:29 Macro Backdrop: Rates, Inflation, and Economic Risks
• 37:43 Regional Banks, Financial System, and Small Cap Health