ab 2 July 2026 Global Research Asia Style Guide Growth, Quality and Momentum performance streak continues Crude oil impact eased, while market dispersion edged higher The contribution of macro factors to return variance declined in June, decreasing to 40% from 45% in May. Crude oil was the largest decliner, dropping from 27% to 20%. Gold's impact on market variance increased for a second month to 6%. The stock picking environment generally improved with regional dispersion increasing to 53% from 42%, while ...