Goldman Sachs Fund Rides Resilient Growth, Easing Tensions in Q2

Markets rose significantly in Q2 2026 as growth remained resilient, geopolitical tensions eased, and earnings momentum stayed supportive. However, tighter monetary policy rhetoric and elevated inflation uncertainty weighed on markets.

The Goldman Sachs Tactical Tilt Overlay Fund attributed its quarterly return to a strong performance from the Long US and European Healthcare Equities tilts. Investment Grade Fixed Income and Uranium were the top detractors in Q2.

In June, the fund removed three tilt positions and added one new position. The Middle East energy shock had a significant impact on markets during this period.