Janus Henderson Overseas ADR Managed Account Q3 2025 Commentary [Seeking Alpha]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
Company Research
Source: Seeking Alpha
Non-U.S. stocks rose strongly on market relief at a de-escalation of the trade war. Shares of Deutsche Telekom declined on concerns around management succession planning at T-Mobile. Excitement around the AI supply chain grew as leading hyperscalers and other technology companies continued to announce substantive investments in high performance computing. We view this disciplined, fundamentals-driven approach as key to delivering long-term capital appreciation for our investors. djedzura/iStock via Getty Images At a glance Performance The Portfolio returned 6.27% (gross) and the MSCI All Country World ex USA Index SM returned 7.03%. Contributors/detractors Stock selection in the communication services sector detracted from relative performance, while stock selection This article was written by Quick Insights TSMC benefits from dominant scale and technological leadership, capitalizing on AI-driven demand and partnerships with major hyperscalers, reinforcing its
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