Group 1: Market Overview - Global equity markets showed strong performance in Q4 2025, supported by easing inflation and positive economic data [1] - The Hardman Johnston Global Equity Strategy achieved a return of 2.91%, while the MSCI AC World Net Index gained 3.29% [1] - The Financials and Consumer Staples sectors contributed positively to the strategy's performance, whereas the Industrials and Consumer Discretionary sectors detracted from it [1] Group 2: Cameco Corporation Highlights - Cameco Corporation (NYSE:CCJ) was identified as a new holding in the Hardman Johnston Global Equity Strategy [2][3] - The stock of Cameco Corporation experienced a one-month return of 37.69% and a 52-week gain of 151.59%, closing at $125.97 per share with a market capitalization of $55.005 billion on January 27, 2026 [2] - The company is a leading player in uranium production and has a 49% stake in Westinghouse, enhancing its position in the nuclear sector [3] Group 3: Strategic Insights on Cameco Corporation - The shift in uranium sourcing away from Russia post-Ukraine invasion positions Cameco favorably to benefit from this structural change [3] - The global resurgence in nuclear development, driven by AI's energy demands and the low carbon benefits of nuclear power, is expected to enhance Cameco's earnings potential [3] - A significant agreement between Westinghouse and the U.S. Department of Commerce aims to support $80 billion in new nuclear reactor construction by 2030, which is anticipated to materially increase Cameco's earnings power [3]

Airstrikes and sanctions leave the country poor. They do little to halt its nuclear development https://t.co/SXokhWcB8g ...