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Stock impact report

Nomura Global Growth Fund Q4 2025 Commentary [Seeking Alpha]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Seeking Alpha
Stock selection proved most challenging across the consumer discretionary, communication services, and industrials sectors, with prior long-time outperformers selling as their growth leadership moderated. Notable individual outperformers were Banco Bilbao Vizcaya Argentaria, SA, Eli Lilly & Co., and Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan). Notable individual detractors were Sea Ltd. (Singapore), Ferrari NV (Italy), and an underweight to Alphabet Inc. (USA). The outlook for global markets for 2026 is positive, with expectations for continued growth driven by resilient economic conditions and the expansion of AI adoption. peshkov/iStock via Getty Images Market review Global markets, as represented by the MSCI All Country World Index (ACWI), returned 3.4% during the fourth quarter to close the year at multiyear highs, with the index returning 22.9% in US dollar terms for 2025. Market breadth broadened during This article was written by Quick Insights Stock Show less Read more
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