- Cadence Design Systems Inc. – The portfolio’s holdings of integrated circuits and electronics developer Cadence Design Systems (United States) boosted relative returns. The stock price rose as the company reported above consensus earnings and raised its forward guidance on the strength of accelerating demand for its electronic design software, which is used for designing new semiconductor chips and for autonomous driving and machine learning applications.
- Pernod Ricard SA – The portfolio’s overweight position in wine and alcoholic beverage producer Pernod Ricard (France) boosted relative returns as the company posted organic sales growth that benefited from better pricing and volume trends, particularly in China and Europe.
- Rohto Pharmaceutical Co. Ltd. – Holdings of pharmaceutical manufacturing company Rohto Pharmaceutical (Japan) contributed to relative performance. The company reported operating profit results that exceeded consensus expectations thanks to the recovery in consumer sentiment triggered by the easing of pandemic-related restrictions on movement, but also from its plentiful lineup of products well suited for living with COVID-19.
Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada, and Sun Life Financial Trust Inc., all of which are members of the Sun Life group of companies.
SLGI Asset Management Inc. is the investment manager of the Sun Life family of mutual funds; Sun Life Assurance Company of Canada is the issuer of guaranteed insurance contracts including Annuities, and Segregated Funds. Sun Life Financial Trust Inc. is the issuer of Guaranteed Investment Certificates.