GRPOF - TimesSquare Capital Emerging Markets Small Cap Strategy Q2 2024 Commentary
2024-07-25 13:00:00 ET
Summary
- U.S. economic and political developments continue to have an outsize influence on markets globally.
- Global Elections are proving to be referenda on global dissatisfaction.
- The Emerging Markets Small Cap Portfolio underperformed the MSCI Emerging Markets Small Cap benchmark during the second quarter of 2024.
- During the recent earnings reporting season, aside from pockets of technology or industrial infrastructure spending, companies were especially cautious about the near term, though many projected rebounds later in 2024.
The second quarter was good for the equity markets-provided one only owned a handful of the largest, most growthy, U.S. stocks (i.e., the Magnificent Seven)....
TimesSquare Capital Emerging Markets Small Cap Strategy Q2 2024 Commentary