PenderFund Capital Management‘s Global Small Mid Cap Equity Fund’s August 2026 investor letter reported a return of 1.4%, slightly outperforming the MSCI World SMID Cap Gross Total Return USD Index’s 1.3%. The portfolio allocations are 42.7% US equities, 32.4% Canadian equities, and 13.5% international equities. Market sentiment remained volatile during the month due to inflation data, oil price increases, and central bank policy discussions. US markets responded to hawkish comments from...
Pender Global Small Mid Cap Equity Fund’s Q3 2026 Investor Letter
