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American Century Focused Global Growth Fund Q4 2025 Commentary

Seeking Alpha
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⚡ Quantum Brief
The fund exited its Uber Technologies position in Q4 2025 after the company forecast slower bookings growth and weaker-than-expected margins, citing deteriorating operational efficiency. Global equities rose in Q4 despite a U.S. government shutdown, which disrupted economic data releases but failed to dampen investor sentiment amid broader market resilience. The Federal Reserve cut rates in response to labor market weakness, signaling a shift in monetary policy that supported equity gains during the quarter. AbbVie’s earnings outlook improved due to a robust drug pipeline and reduced Humira patent expiration impacts, positioning it as a key portfolio holding. The fund prioritizes sustainable growth companies, emphasizing long-term fundamentals over short-term volatility in its investment strategy.
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American Century Investments44 FollowersFollow5ShareSavePlay(12min)CommentsSummaryWe exited the position in Uber Technologies after the company guided for bookings to decelerate and margins to come in lower than expectations.The portfolio continues to invest in companies we believe are strong and improving and have improvement that is sustainable.We believe AbbVie's earnings will inflect positively, driven by an attractive product pipeline and the declining impact of patent expirations on a major product (Humira). ATHVisions/E+ via Getty Images Portfolio Review Global stocks advanced in the fourth quarter. The U.S. government shutdown did not dramatically deter investors, even as it delayed or eliminated key government economic data.

The Federal Reserve, reacting to weakness in the U.S. labor market, reduced itsThis article was written byAmerican Century Investments44 FollowersFollowAmerican Century Investments is a leading asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve health and save lives. Note: This account is not managed or monitored by American Century Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use American Century Investments' official channels.

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