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TTE - BNY Mellon International Stock Fund Q1 2025 Commentary
TotalEnergies SE ADR (Sponsored)
2025-05-26 12:14:00 ET
Summary
The BNY Mellon International Stock Fund underperformed the MSCI EAFE Index for the first quarter of 2025.
A primary driver of the underperformance can be attributed to the Fund’s very limited exposure to the strong performance of ‘value’ stocks in the broader opportunity set.
Over the coming quarters, we may see disproportionate share price reactions when companies fail to meet expectations around earnings.