CA - Aristotle International Equity ADR Q4 2024 Commentary
2025-02-19 03:00:00 ET
Summary
- Global equity markets ended slightly down in Q4 2024, with value stocks underperforming growth stocks and geopolitical tensions escalating, impacting market stability.
- Despite geopolitical uncertainties, the IMF projects steady global economic growth and declining inflation, with major central banks cutting interest rates to target 2% inflation.
- Aristotle Capital’s International Equity ADR Composite outperformed benchmarks in Q4 2024, driven by strong security selection in Energy, Consumer Staples, and Health Care sectors.
- Long-term investment focus remains on high-quality businesses trading below intrinsic value, emphasizing company-specific fundamentals over short-term market influences.
Markets Review
(All MSCI index returns are shown net and in U.S. dollars unless otherwise noted.) Sources: CAPS CompositeHub TM , BloombergPast 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. |