EXPE - Aristotle Capital Large Cap Growth Q1 2024 Commentary

2024-05-15 09:10:00 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.
• For the first quarter of 2024, Aristotle Atlantic’s Large Cap Growth Composite posted a total return of 9.74% gross of fees (9.61% net of fees), underperforming the 11.41% return of the Russell 1000 Growth Index.
• Although a pause in equity prices is likely, higher earnings and an easing interest rate cycle should help support equity prices for the balance of the year.

Markets Review

The U.S. equity market continued to rally, as the S&P 500 Index ( SP500 , SPX ) 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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