Unilever PLC (UL) Falls Sharply Amid Deal-Making Push, But Valuation Signals Opportunity

ByteTree Asset Management released its "The Multi-Asset Investor Strategy" Q1 2026 Investor Letter. A copy of the letter can be downloaded here. The firm reported a relatively resilient but defensive quarter, with the Soda Portfolio gaining 2.8% and outperforming its benchmark while the Whisky Portfolio remained marginally ahead of the FTSE 100 despite heightened volatility following a sharp market selloff. The firm said performance was driven by timely risk reduction, including cutting equity exposure, rotating out of rate-sensitive assets like REITs, and increasing allocations to energy,...