MRVL - Spear Advisors Q1 2024 Fund Letter

2024-07-02 11:30:00 ET

Summary

• SPEAR is a fundamental asset manager and ETF issuer specializing in investments in industrial technology value chains.
• During these periods of consolidation (risk-off), like in 1Q24, we shift our focus to risk management.
• There is no question that we are in the early innings of the next technology cycle amplified by AI. What has been unusual about this recovery is that instead of the Federal Reserve stimulating the economy, it is providing a headwind.

This is the 1Q24 quarterly update for our flagship fund, Spear Alpha ETF (SPRX). In these quarterly letters, we share our performance highlights and trends that are shaping our investment approach....

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