Bell Global Equities Fund, managed by Bell Asset Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio’s underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire’s durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted stocks such as TE Connectivity Ltd. (NYSE:TEL). TE Connectivity Ltd. (NYSE:TEL) is a technology company that focuses on designing and manufacturing connectivity and sensor solutions. The one-month return of TE Connectivity plc (NYSE:TEL) was 0.63%, and its shares gained 23.73% of their value over the last 52 weeks. On June 5, 2026, TE Connectivity plc (NYSE:TEL) stock closed at $212.65 per share, with a market capitalization of $62.07 billion.
Bell Global Equities Fund stated the following regarding TE Connectivity plc (NYSE:TEL) in its Q1 2026 investor letter:
“Heightened portfolio activity persisted through the end of the first quarter, reflecting our efforts to actively take advantage of the elevated market volatility and many dispersions in the market between quality and intrinsic value. Among the new additions was TE Connectivity plc (NYSE:TEL), a global leader in electrical connectors. One of the primary tailwinds for the company has recently been its increased market share in the critical components that distribute power, signal, and data across electric vehicles, factory robots and hyperscale AI server racks. This positioning is expected to support a sustained period of double-digit revenue growth, alongside margin expansion over the medium-term. The company also consistently generates significant free cash flow and boasts a shareholder-friendly management team, illustrated earlier this year when the board approved a 10 quarterly dividend hike alongside a substantial $3 billion expansion to its share repurchase program. We currently model meaningful upside looking forward, driven by a combination of earnings upgrades and potential for valuation multiple expansion.”