First Eagle Investment Management, an investment management company, launched its Q2 2026 investor replace for “First Eagle Global Fund”. The letter can be downloaded here. Easing tensions in the Middle East led to a robust rally in risk markets in Q2. The S&P 500 Index rose 15.2%, while the MSCI EAFE Index gained 10.8%. Growth shares outperformed, with the MSCI World Growth Index considerably exceeding worth returns. A notable shift in U.S. rate of interest expectations adopted Kevin Warsh’s appointment as chair of the Federal Open Market Committee, pushing Treasury yields greater and strengthening the greenback. Despite the optimistic market atmosphere, considerations about fiscal constraints and restricted coverage flexibility stay. Tighter credit spreads and elevated equity valuations replicate robust demand for financial belongings, with family wealth in equities at a post-WWII high. Earnings expectations are buoyant, pushed by AI infrastructure developments. Against this backdrop, Global Fund A Shares returned 2.86% in Q2 2026, with rising markets and developed Europe as the main contributors. Developed Asia (excluding Japan) was the only detractor, and Japan lagged. Information technology and financials led among equity sectors, while supplies and power detracted. The fund underperformed relative to the MSCI World Index during this period. Also, examine the fund’s prime 5 holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, First Eagle Global Fund highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that presents Customer Relationship Management (CRM) technology that brings firms and clients collectively. On August 31, 2026, Salesforce, Inc. (NYSE:CRM) closed at $257.54 per share. Over the previous month, Salesforce, Inc. (NYSE:CRM) returned 36.58%, and its shares are up 3.16% over the previous 12 months. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $211.96 billion.
First Eagle Global Fund acknowledged the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor letter:
“Despite reporting better-than-expected results for its most recent quarter, shares of enterprise software developer Salesforce, Inc. (NYSE:CRM) were weak during the quarter because of ongoing industrywide concerns that generative AI will trigger an exodus from software applications. We believe that Salesforce’s technology serves as an economic moat to the potential disruption of AI because its products are embedded as the foundational system of record for its customers. In addition, we continue to believe that the company is well positioned to grow and scale its Agentforce platform over time.”