DHLGY - Columbia Pyrford International Stock Fund Q4 2024 Commentary
2025-02-25 08:00:00 ET
Summary
- Columbia Pyrford International Stock Fund Institutional Class shares returned –8.95% in Q4 2024, underperforming its benchmark, the MSCI EAFE Index – Net, which returned –8.11%.
- The fund's underperformance was driven by stock selection in the Eurozone and an underweight position in Japan, though stock selection in Australia and Japan added value.
- The portfolio remains defensively positioned with an overweight in Southeast Asian markets and defensive sectors like industrials and communications, focusing on balance sheet strength and profitability.
- The outlook for 2025 is cautious, with potential impacts from President-elect Trump's trade tariffs and economic policies, particularly affecting Europe and U.S. interest rates.
Columbia Pyrford International Stock Fund
3-year |
1-year |
3-year |
5-year |
10-year |
Institutional Class |
-8.95 |
2.86 |
2.75 |
3.77 |
4.34 |
Class A without sales charge 1 |
-8.96 |
2.85 |
2.55 |
3.55 |
4.09 |
Class A with 5.75% maximum sales charge 1 |
-14.20 |
-3.03 |
0.54 |
2.33 |
3.48 |
MSCI EAFE Index - Net |
-8.11 |
3.82 |
1.65 |
4.73 |
5.20 |