The returns reported are gross of management fees and represent the returns of model portfolios only and do not represent the returns of any client. Individual account performance may differ materially from the representative performance history in this video, due to factors including but not limited to an account’s size, the length of time the strategy has been held, the timing and amount of deposits and withdrawals, the timing and amount of dividends and other income, trade execution timing and pricing, foreign exchange rates, and fees and other costs. This is not an official statement from Wellington-Altus Private Wealth (“WAPW”). WAPW cannot verify the accuracy of these performance numbers. Please refer to your official WAPW statement for your specific performance numbers.
EXECUTIVE SUMMARY – WELLINGTON-ALTUS PRIVATE WEALTH INC. JULY 2025 MARKET UPDATE
What we are starting to see is the restarting of reactors that were shut down. An example is Constellation Energy’s USD $1.6 billion plan to refurbish and restart Unit 1 at Three Mile Island, which was shut down in 2019, with all the energy already contracted to Microsoft to power their AI servers. We expect to start to see this trend globally as countries that are building out AI infrastructure realize they have a bigger electricity deficit than they thought.