In Case You Missed It: U.S. Most Read Research Week of May 11 – May 15

Research evidence excerpt

In Case You Missed It: U.S. Most Read Research Week of May 11 – May 15

North America Equity Research

U.S. Most Read Research 18 May 2026

In Case You Missed It: U.S. Most Read Research

Week of May 11 – May 15

Equity Thematic Strategy (Dubravko Lakos-Bujas/Bhupinder Singh/Kamal Tamboli) - 15 May 2026

Security and Resiliency Investing

For decades, global capital allocation prioritized economic efficiency. Firms optimized cross-border supply chains, sourcing

inputs from the lowest-cost producers and concentrating manufacturing to improve margins. However, a recent series of supply

chain crises (e.g. Covid, Russia/Ukraine, Liberation Day tariffs/export controls, Iran tensions) expose the vulnerability of this

guiding principle especially given pressure from accelerating economic competition and geopolitical fragmentation (see

Report). In our view, a structural reorganization is underway in US public and private investment from efficiency-first

towards building greater national and economic security, resiliency and reliability. This shift towards the Security and

Resiliency theme is likely to be one of the more durable thematic dispersion catalysts across equities since the passage of the

IRA/CHIPS/IIJA Acts in 2021-22 (see Report). Given the level of catch-up required across key segments such as

Defense, Critical Minerals, Security/Cyber and Advanced Manufacturing, investor demand for Security and Resiliency

theme will likely ramp-up aggressively. Based on investor discussions, we are not only observing rising interest in this theme

but are seeing preliminary steps towards launching new Security and Resiliency Investment Funds globally.

Global Power Equipment (Mark Strouse, CFA/Michael G Fairbanks/Phil Buller/Tami Zakaria, CFA) - 14 May 2026