SHOP - Franklin International Growth Equity ADR SMA Q4 2024 Commentary
2025-02-06 05:25:00 ET
Summary
- International equities declined in the fourth quarter of 2024 in US-dollar terms, in part due to the strength of the US dollar.
- We continue to believe that our strategy of investing in what we regard as high-quality companies tied to long-term secular growth trends can perform well over an entire market cycle.
- During the quarter, international stocks were pressured by investor concerns about economic growth, persistent inflation in some regions and the likelihood of further interest-rate cuts in 2025.
Performance Data2,3
Average Annual Total Returns (USD %)
3 Mths |
YTD |
1 Year |
3 Year |
5 Year |
Since Inception (12/31/2019) |
Franklin International Growth Equity ADR SMA - Pure GROSS |
-8.18 |
1.75 |
1.75 |
-6.88 |
1.90 |
1.90 |
Franklin International Growth Equity ADR SMA - NET |
-8.87 |
-1.22 |
-1.22 |
-9.62 |
-1.08 |
-1.08 |
MSCI EAFE Index-NR |
-8.11 |
3.82 |
3.82 |
1.65 |
4.73 |
4.73 |