SONY - Madison International Stock Fund Q1 2024 Investment Strategy Letter

2024-04-24 03:45:00 ET

Summary

• The MSCI ACWI ex-US Index was up 4.69% in the first quarter with a mixture of positive and negative elements.
• Performance of Economic Sectors were mixed as well. The best performance came from Information Technology while the worst was Consumer Staples.
• In foreign currency markets, the value of the U.S. Dollar ended towards recent highs relative to other major currencies.

Market Overview

The MSCI ACWI ex-US Index was up 4.69% in the first quarter with a mixture of positive and negative elements. The leading geographic region was Japan, and the worst return came from the Pacific ex-Japan region. Performance of Economic Sectors were mixed as well. The best performance came from Information Technology while the worst was Consumer Staples....

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