UCBJY - Artisan International Fund Q2 2024 Commentary
2024-07-16 09:45:00 ET
Summary
- With inflation slowing in many countries, equity markets saw modest returns in Q2.
- In a cooling equity market, the portfolio fell short of the MSCI EAFE Index and the MSCI All Country World ex USA Index in Q2.
- Our holdings in the materials sector detracted from relative performance, driven by weak industrial gas revenues.
- Slowing inflation, a reasonably healthy labor market, loosening monetary policy and an ongoing expansion might be the right ingredients to extend this late-cycle market.
Investing Environment
With inflation slowing in many countries, equity markets saw modest returns in Q2. Stocks in Asia ex-Japan and North America performed particularly well. Growth outperformed value stocks in most regions. The market yield on the 10-Year US Treasury ended the quarter flat....
Artisan International Fund Q2 2024 Commentary