Sustainable Growth Advisers (SGA), an investment management company, released its first-quarter investor letter for its “U.S. Large Cap Growth Strategy.” It is reported that portfolio returned -11.1% gross in the first quarter of 2026, underperforming major benchmark indices as AI disruption fears pressured software and other growth stocks. The firm said market sentiment sharply favored companies viewed as AI beneficiaries, while stocks perceived to face AI risks sold off heavily....
