DQJCF - Aristotle Capital International Equity ADR Q1 2024 Commentary
2024-05-15 10:20:00 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.
- Global equity markets continued to climb during the first quarter. Overall, the MSCI ACWI Index rose 8.20% during the period.
- For the first quarter of 2024, Aristotle Capital’s International Equity ADR Composite posted a total return of 3.89% gross of fees, underperforming the MSCI EAFE Index.
- From a sector perspective, the portfolio’s underperformance relative to the MSCI EAFE Index can be attributed to security selection, while allocation effects had a positive impact.
Markets Review
Past performance is not indicative of future results. Aristotle International Equity ADR Composite returns are presented gross and net of investment advisory fees and include the reinvestment of all income. Gross returns will be reduced by fees and other expenses that may be incurred in the management of the account. Net returns are presented net of actual investment advisory fees and after the deduction of all trading expenses. Aristotle Capital Composite returns are preliminary pending final account reconciliation. Please see important disclosures at the end of this document. (Sources: CAPS CompositeHubTM, Bloomberg)