META - Mawer Investment Management Q1 2024 Quarterly Update
2024-04-12 04:00:00 ET
Summary
- Mawer Investment Management is a privately owned, independent investment firm, managing over $67B in assets for individual and institutional investors across all major asset classes.
- The first quarter of 2024 saw a divergence in fortunes between equity and fixed income markets.
- Our lack of exposure to NVIDIA and Meta was a hindrance on relative performance this quarter as the market has continued to look at these companies favorably.
- While there may indeed be some hype associated with artificial intelligence and uncertain future demand, it does appear to be backed by genuine earnings growth and many businesses exposed seem to enjoy strong moats.