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FLUT - Invesco Oppenheimer International Growth Fund Q4 2024 Commentary
Flutter Entertainment Plc
2025-02-14 09:00:00 ET
Summary
The fund, with its quality characteristics, underperformed its benchmark for the quarter and the year.
Given the US Federal Reserve’s late December guidance, we expect short-term interest rates to decline more slowly and long-term rates perhaps not at all.
Consequently, the underperformance of quality equities, typically having little to no debt, may reverse.
We invest in companies that we believe can monetize long-term secular growth trends profitably.