Consistent capital and liquidity over time

Hours spent online per day rises, with highest spike in Philippines

Build a buffer between your spending needs and your portfolio’s volatility

Building on a differentiated business model that has delivered best-in-class predictable earnings growth for the last 20 years

Generated positive operating leverage as $1.0B of volume- and revenue-driven expense drove $3.3B of revenue growth

Architecture is the biggest barrier to innovating at scale

With De-escalation in Focus, Markets Have Exhibited “Risk-On” Trends

Survey methodology and demographics

In most industries weighted average returns exceeded medians significantly, implying that a subset of companies outperformed