CRTSF - Mar Vista Q1 2024 Global Portfolio Strategy Commentary

2024-06-19 12:30:00 ET

Summary

• Mar Vista Investment Partners is a registered investment adviser. The Firm offers investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, corporations, as well as other institutional clients.
• Global markets had their best first-quarter performance in five years as Resilient corporate profits, enthusiasm around AI and expectations for interest rate cuts drove stock prices higher.
• The AI boom has fueled the market’s gains, with chip designer Nvidia adding more than $1 trillion in market value after rising 82% during the first three months of the year.
• Mar Vista’s Global strategy returned +6.52% net-of-fees in the first quarter of 2024.
• The first quarter’s top contributors were Walt Disney, TransDigm, and Amazon, while the top detractors were Adobe, GXO Logistics, and Apple.

Commentary

Global markets had their best first-quarter performance in five years. Resilient corporate profits, enthusiasm around AI and expectations for interest rate cuts drove stock prices higher. The global economy continues to defy expectations and recession worries have weakened....

For further details see: