TTE - Aristotle Capital Value Equity Q1 2024 Commentary
2024-05-15 06:50:00 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.
- Despite the U.S. economy’s continued expansion, economic data points remain mixed.
- For the first quarter of 2024, Aristotle Capital’s Value Equity Composite posted a total return of 7.63% gross of fees, underperforming the 8.99% return of the Russell 1000 Value Index and the 10.56% return of the S&P 500 Index.
- The portfolio’s underperformance relative to the Russell 1000 Value Index in the first quarter can be attributed to both security selection and allocation effects.
Markets Review
Past performance is not indicative of future results. Aristotle Value Equity 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)
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%....
Aristotle Capital Value Equity Q1 2024 Commentary