The Brown Capital Management International All-Company Strategy’s Q2 2025 Investor Letter

Brown Capital Management, an investment management company, released its “The Brown Capital Management International All-Company Strategy” second quarter 2025 investor letter. The second quarter started with Liberation Day on April 2, which resulted in a global stock market sell-off. Later, the stock market rallied following a 90-day tariff reprieve. In this environment, international stocks in particular skyrocketed, with the MSCI ACWI ex US index up 12.30% and the MSCI EAFE index up 12.07%. The strategy outperformed both international equity indexes this quarter. In addition, check...