Hardman Johnston Global Equity Strategy Sells Corteva Due to Uncertainty Over Value Creation Rationale and Deteriorating Agricultural Fundamentals.

Hardman Johnston Global Equity Strategy sold Corteva (CTVA) as it failed to observe a clear value-creation rationale. The firm exited its position in Corteva due to management commentary around a potential separation of the Seeds and Crop Protection businesses, inconsistent strategic messaging, and deteriorating agricultural fundamentals. The firm viewed the risk-reward as less compelling and chose to exit the position.