NYLI Winslow Focused Large Cap Growth ETF Q1 2025 Commentary

2025-06-30 04:25:00 ET

Market Review

? In the first three months of the year, U.S. equities pulled back following strong gains in 2024. Volatility spiked after Chinese Artificial Intelligence research lab DeepSeek ( DEEPSEEK ) released its model that was purportedly faster and cheaper to produce than its competitors and a mix of economic concerns and policy developments weighed on investor sentiment. Additionally, investors were focused on pending tariff news. Performance of the‘Magnificent 7’ (Microsoft, Apple, NVIDIA, Amazon.com, Alphabet, Meta and Tesla) lagged for the quarter as market participation broadened....

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