In this video, Richard Nackenson, Senior Portfolio Manager for the Neuberger Berman US Multi Cap Opportunities Fund discusses outperformance during the fourth quarter and current fund positioning. Richard reflects on the continuing recovery of the US economy supported by robust GDP growth, an improving labor market, and the positive impact of COVID-19 vaccines on investor sentiment. Richard also discusses the potential for idea generation and differentiated stock performance in the current market environment, and how the portfolio is well positioned to benefit from the normalization of global economic activity and increasing investor focus on company fundamentals.

Risk Considerations:

Market Risk: The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.
Liquidity Risk: The risk that the Fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the Fund’s ability to meet redemption requests upon demand.
Counterparty Risk: The risk that a counterparty will not fulfil its payment obligation for a trade, contract or other transaction, on the due date.
Operational Risk: The risk of direct or indirect loss resulting from inadequate or failed processes, people and systems including those relating to the safekeeping of assets or from external events.
Currency Risk: Investors who subscribe in a currency other than the base currency of the Fund are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment.