DESP - TimesSquare Capital Emerging Markets Small Cap Q1 2024 Commentary
2024-06-25 09:45:00 ET
Summary
- TimesSquare Capital Management, LLC is a fundamental research-oriented growth equity investment management firm specializing in growth equity strategies for institutional investors. TimesSquare uses a well-established team approach to growth investing that has been in place since the mid-1980s.
- Specific to the Emerging small cap universe, EMEA outperformed other regions while Latin America lagged.
- The Emerging Markets Small Cap Portfolio underperformed the MSCI Emerging Markets Small Cap benchmark during the first quarter of 2024.
- Despite a challenging currency environment, the company exceeded expectations with its fiscal quarterly results and provided guidance above analyst estimates.
| Performance |
| Annualized |
| 1Q24 |
| 1YR |
| 3YR |
| 5YR |
| 7YR |
| Since Inception (1/1/2017) |
| Emerging Markets Small Cap Composite (Gross) |
| -0.28% |
| 20.17% |
| 2.43% |
| 9.42% |
| 8.25% |
| 9.60% |
| Emerging Markets Small Cap Composite (Net) |
| -0.55% |
| 18.88% |
| 4.24% |
| 1.32% |
| 8.24% |
| 7.08% |
| MSCI Emerging Small Cap (Net) Index |
| 1.05% |
| 20.56% |
| 4.22% |
| 8.51% |
| 6.58% |
| 8.16% |