GOOGL - Lord Abbett Global Equity Fund Q1 2025 Commentary
2025-06-03 09:23:00 ET
Summary
- The Fund returned -0.56%, reflecting performance at the net asset value of Class I shares with all distributions reinvested for the quarter ended December 31, 2024.
- We believe the outlook for global equities remains compelling. With inflation normalizing and aggregate supply and demand rebalancing, central banks are easing from restrictive levels.
- Our primary focus remains on bottom-up investing, derived from intensive company research.
Market Review
Index Performance |
4Q24 |
YTD |
S&P 500 Index |
2.41% |
25.02% |
Russell 1000® Index |
2.75% |
24.51% |
Russell 2000® Index |
0.33% |
11.54% |
Russell 3000® Growth Index |
6.82% |
32.46% |
Russell 3000® Value Index |
-1.94% |
13.98% |
MSCI ACWI Index |
-0.99% |
17.49% |
MSCI ACWI Ex-US Index |
-7.60% |
5.53% |
MSCI EAFE Index |
-8.11% |
3.82% |