What Makes Otis Worldwide Corp. (OTIS) a Compelling Bet?

PenderFund Capital Management‘s Global Small Mid Cap Equity Fund’s August 2026 investor letter reported a return of 1.4%, slightly outperforming the MSCI World SMID Cap Gross Total Return USD Index’s 1.3%. The letter can be downloaded here. The portfolio allocations are 42.7% US equities, 32.4% Canadian equities, and 13.5% international equities. Market sentiment remained volatile […]