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January 26, 2026

2026 Outlook with Jason Isaac, CAIA, CFA, NCM Global Income Growth Class

Jason reflects on the significant performance gap between high-quality and lower-quality global companies, and the emerging opportunities he’s seeing, particularly in Europe. He looks back on 2025 and shares how these trends are shaping his outlook for 2026.

“There are only 45 names in the fund, and 3,000 in the index. Did I get the top 45 names of that globally? There's no way I did. But I'm very confident that from an active management point of view, I can put together a fairly well diversified global equity portfolio that just utterly dominates an index from a metrics point of view.”



Disclaimer:
Jason Isaac, CAIA, CFA is a Portfolio Manager, with Cumberland Investment Counsel Inc.(CIC). CIC is the sub-advisor to its affiliate, NCM Asset Management Ltd. The information in this video is current as of January 14, 2026 but is subject to change. The contents of this video (including facts, opinions, descriptions of or references to, products or securities) are for informational purposes only and are not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. The viewpoints expressed by the Portfolio Manager represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. The communication may contain forward-looking statements which are not guarantees of future performance. Forward-looking statements involve inherent risk and uncertainties, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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Jason Isaac, CAIA, CFA

Portfolio Manager, Global Equity - Cumberland Investment Counsel Inc. An affiliate of NCM Asset Management