All three ABC Funds outperformed their benchmarks in June and are posting positive year-to-date returns as we enter the second half of 2025.
Our top performers for the month included Microsoft, Amazon, Meta, NVIDIA, Broadcom, ASML, Micron, and ARM. These companies have been key drivers of our portfolios for the past several years, underscoring the strength of our core holdings.
The AI revolution remains a powerful force, accelerating innovation and reshaping industries, and the economy remains on strong footing. With expectations for interest rates to decline later this year, we believe this will provide a favourable environment for continued stock growth.
Looking ahead, we remain confident in our portfolios and optimistic about the opportunities ahead. We believe we are well-positioned to navigate the evolving landscape and capitalize on the AI-driven transformation.
Irwin A. Michael, President
I.A. Michael Investment Counsel Ltd.