Brown Advisory
Equity, fixed income and sustainability insights from Brown Advisory.
United States3 articlesLast published 12 Jun 2026
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Brown AdvisoryEquities
The Great Benchmark Reset
Brown Advisory examines the unprecedented wave of benchmark methodology changes in 2026, including Russell's shift to semiannual reconstitution, new IPO fast-entry rules, and major style reclassifications that would make Amazon the largest Russell 1000® Value constituent and raise semiconductor exposure in Russell 1000® Growth to ~32%. The piece argues that these methodology-driven shifts - affecting hundreds of billions in benchmarked assets - raise fundamental questions about how passive these benchmarks truly are.
12 Jun 2026
Brown AdvisoryEquities
A Case for Staying Invested: The Voting Machine
Brown Advisory draws on Benjamin Graham's "voting machine vs. weighing machine" analogy to argue that short-term equity prices - currently concentrated around the AI/data center capital spending narrative - are driven by sentiment and momentum rather than intrinsic value. The piece makes a conviction case for staying invested in high-quality businesses with durable fundamentals, urging investors to resist being governed by near-term market noise.
26 May 2026
Brown AdvisoryEquities
Brown Advisory Global Value Select UCITS Fund Factsheet
This factsheet provides a periodic update on the Brown Advisory Global Value Select UCITS Fund, a global equity strategy focused on value investing. It covers fund performance, portfolio characteristics, and key holdings for institutional and professional investors.
15 May 2026