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Mawer International Equity Fund's investment thesis on Royal Bank of Canada ($RY) — Q4 2025 | Buyside Digest

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$RYNASDAQRoyal Bank of Canada

BULL

Mawer International Equity Fund—RY

Fund Letter

Q4 2025

Published December 31, 2025

View Fund Profile

$210.76USD

+0.1% vs last month

$170.78Pitched

+23.4% since pitch

Market Cap$292.9B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

During the fourth quarter of 2025, global equities continued their upward trajectory, with a broadening of market leadership away from U.S. mega-cap AI leaders toward cyclicals, commodities, and international regions. Mawer's quality-focused portfolios...

— Mawer Investment Management Ltd.

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