Ayalon Trust Fund (4D) Global Stocks on Assured Guaranty Ltd.
Thesis
Assured Guaranty is one of the insurance compounders the fund continues to favor. The investment case rests on the dual economics of insurance underwriting and the investment of float, which the manager views as an attractive model when operated by strong management. AGO primarily insures municipal liabilities and is grouped with insurers that continued to demonstrate excellent economic performance in 2025. The fund expects these insurance holdings to continue benefiting from opportunities created by the interest-rate environment.
“Included in the list are also the excellent Assured Guaranty (AGO)”