SPGI - Aristotle Capital Focus Growth Q1 2024 Commentary

2024-05-15 09:45:00 ET

Summary

• Aristotle Capital Management is an independent/employee-owned investment management organization that specializes in equity and fixed income portfolio management for institutional and advisory clients worldwide.
• The U.S. equity market continued to rally, as the S&P 500 Index rose 10.56% during the period.
• For the first quarter of 2024, Aristotle Atlantic’s Focus Growth Composite posted a total return of 10.42% gross of fees, underperforming the 11.41% total return of the Russell 1000 Growth Index.
• During the first quarter, the portfolio’s underperformance relative to the Russell 1000 Growth Index was due to both allocation effects and security selection.

Markets Review

The U.S. equity market continued to rally, as the S&P 500 Index rose 10.56% during the period. Concurrently, the Bloomberg U.S. Aggregate Bond Index fell, returning -0.78% for the quarter. In terms of style, the Russell 1000 Value Index underperformed its growth counterpart by 2.42%....

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