DFEV - Q1 2024 Active Management Review: Momentum And Growth Factors Outperform

2024-04-25 15:15:00 ET

Summary

• The first quarter was a more favorable environment for active managers in U.S. Large Cap, U.S. Small Cap, Emerging Markets, the UK, Europe, Australia, Canada, Long/Short and Global Real Estate, while being more challenging for Global, Global ex-U.S., Japan and Listed Infrastructure managers.
• The Momentum factor was the standout performer across all regions, with the Growth factor also outperforming.
• Bolstered by AI, the information technology sector outperformed most markets during the quarter, with energy and financials also performing relatively well. Meanwhile, the real estate, utilities, consumer staples and materials sectors underperformed across most markets.

Another strong quarter in markets led to another stellar performance for the Momentum and Growth factors....

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