Bailard, Inc.

While U.S. equity valuations continue to climb, developed international markets remain undervalued, particularly across Europe, Australasia, and the Far East (EAFE). With higher yields and discounted entry points, is it time to reassess your portfolio’s global balance? Bailard’s Daniel McKellar, CFA, makes the case in “Turning Tides.”

After more than a decade of U.S. outperformance, early 2025 performance trends suggest the tide may be turning. Bailard’s Daniel McKellar, CFA, unpacks the shifting drivers of global equity leadership, and why this moment may call for renewed international exposure.

Are international equities poised for a resurgence? Bailard’s Daniel McKellar, CFA, presents a data-driven case to revisit global allocations amid shifting economic cycles, stretched U.S. valuations, and evolving currency dynamics. Read his latest white paper, “Turning Tides,” to explore the full picture – and the data behind it.● Are international equities poised for a resurgence? Bailard’s Daniel McKellar, CFA, presents a data-driven case to revisit global allocations amid shifting economic cycles, stretched U.S. valuations, and evolving currency dynamics. Read his latest white paper, “Turning Tides,” to explore the full picture – and the data behind it.

As U.S. policy clarity wanes and global cohesion grows, the dollar may be losing its edge and creating new tailwinds for international equities. In Turning Tides, Bailard’s Daniel McKellar, CFA, examines how these currency shifts could reshape global opportunity sets.

The “Magnificent Seven” have dominated recent returns, but concentration risk is growing. International markets may offer broader sector exposure and potential upside in the next wave of AI. Bailard’s Daniel McKellar, CFA, explores where growth may emerge next in Turning Tides.

Financial Planning has named Bailard the #1 Registered Investment Advisor Firm to Work For in 2025, a distinction that highlights our commitment to integrity, transparency, and a client centered approach. It's our first year participating, and the result reflects something we’ve built over decades. A culture where talented people want to stay, grow, and do their best work. Our people are the foundation of our success. Read the full article on our site: https://lnkd.in/dYftamdn Kindly note: To qualify, firms must have a U.S. facility, at least 10 employees in the U.S., be in business for at least one year, and operate as a for-profit, not-for-profit, or public agency. Financial Planning’s evaluation included 1) a review of workplace policies, practices, philosophy, systems, philosophy, and demographics; and 2) an employee survey measuring day-to-day experience. Combined scores determined the rankings; 60 firms were ranked in 2025. Details are available at: https://bit.ly/4oUcF64. Bailard did not pay for inclusion. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard's future performance.