Tariff tensions put the stock market under pressure, but as the old saying goes, volatility brings opportunity. It’s not every day that investors get to pounce on must-buy stocks at depressed prices,

Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity” fourth quarter 2024, investor letter. A copy of the letter can be downloaded here. The fourth quarter concluded the portfolio’s successful year in comparison to its benchmark index.

According to Bank of America’s monthly fund manager survey, there was the second-biggest drop in global growth expectations in the history of the survey, the biggest drop in the allocation to U.S. equities and the biggest jump in the allocation to cash since March 2020.