QUARTERLY
INVESTMENT OUTLOOK
Intelligence for Your Portfolios
Learn about our annual capital gains to understand market trends and guide your investment choices
Discover our featured funds, curated to deliver growth and diversify your portfolio
Higher inflation and elevated interest rates typically weigh on corporate profitability, yet corporate margins continue to climb to record highs. That strength is evident in the U.S. and abroad. Stronger margins have helped contribute to better-than-expected corporate earnings and reinforce U.S. equity leadership. The question now is whether that strength can persist?
The S&P 500’s worst day and the best day that followed have something in common: you can’t predict either one.
Change can be difficult to navigate, especially when its principal agent explicitly rejects prevailing norms.
Higher interest rates have become a frequently cited risk to corporate earnings and the economy. The conventional thinking is straightforward: when borrowing costs rise, companies face higher interest expenses, profits come under pressure, and economic growth slows. While there is truth to that relationship, the current cycle may differ from investors’ expectations.
a
AT THE TABLE WITH BNY EXPERTS
Call for sales and product info
(8:30am – 6pm ET, Monday – Friday)
1-877-334-6899
Call for service related info
(9am – 5pm ET, Monday – Friday)
1-800-242-8671
Email: custserv@bny.com
For Mutual Fund shareholders account service/sales information
Our commitment to fully servicing the needs of our investment partners is our highest priority. Contact a Wholesaler in your area.
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing. There is no guarantee that any investment strategy or approach will be successful or achieve any particular level of results. All investment products involve risk of principal loss.
The products and services described on this Web site are available only to U.S. residents and the information on this Web site is only for such persons. The information on this Web site is not an offer to sell or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale may not lawfully be made.
Financial intermediary and institutional investor activities are serviced by BNY Institutional Services, a division of BNY Mellon Securities Corporation, distributor of the BNY Mellon Family of Funds. BNY Investments encompasses BNY’s affiliated investment management firms, wealth management services and global distribution companies.
MARK-822617-2025-10-16