A WORD FROM THE PEMBROKE TEAM
Last month, Pembroke held its 2026 Outlook event in Montreal and Toronto. The message was clear: the easy unity of the post-Cold War era has fractured into a complex landscape, deep valuation disconnects, and tectonic shifts driven by artificial intelligence. To learn more, read 2026 Outlook in Twelve Points, in which we summarize the main takeaways.
This issue also features an On the Road article discussing quality investing and examining what the concept of “quality” means for two aerospace companies we recently visited in Miami.
Many of us delay estate planning, not because it is unimportant, but because it is uncomfortable and easy to avoid. Learn how to build an effective plan in the article Securing Your Legacy Through Timely Estate Planning.
Lastly, you can find out more about the five FundGrade A+ Awards Pembroke won in 2025, and get information to help you prepare for the upcoming tax season.
Sincerely,
The Pembroke Team
2026 OUTLOOK IN TWELVE POINTS: ADAPTING TO A FRAGMENTED WORLD ECONOMY
If the past decade was defined by synchronized global growth, 2026 will be defined by fragmentation.
At Pembroke’s recent 2026 outlook events in Toronto and Montreal, the message was clear: the post-Cold War era has given way to industrial policy, widening valuation gaps between the…
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FUNDGRADE A+ 2025 AWARDS: PEMBROKE’S WINNERS
Pembroke Management is pleased to announce that five of its funds have been named winners of the 2025 FundGrade A+ Awards. This reflects another year of strong, risk-aware performance across multiple mandates.
DISCLAIMER
This report is for the purpose of providing insight into Pembroke and the Pembroke strategies. Past performance is not indicative of future returns. Any securities listed herein, are for informational purposes only and are not intended and should not be construed as investment advice nor is it a recommendation to buy or sell any particular security. Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Pembroke seeks to ensure that the content of this document is correct and up to date but does not guarantee that the content is accurate and complete and does not assume any responsibility for this. Pembroke is not responsible for decisions or actions taken or made on the basis of information contained in this document.
