SMAR - TimesSquare Capital U.S. Mid Cap Growth Q1 2024 Commentary
2024-06-21 09:35:00 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.
- Although many equity markets slipped in January, they recovered over the next two months for a strong first quarter of 2024.
- The portfolio outperformed the Russell Midcap® Growth Index in the first quarter.
- Many central banks telegraphed plans for easing rates—with the notable exception of Japan where the BOJ recently ended its negative interest rate policy, though remained dovish by continuing to buy government bonds.
Performance
| Annualized |
| 1Q24 |
| 1YR |
| 3YR |
| 5YR |
| 7YR |
| 10YR |
| U.S. Mid Cap Growth Composite (Gross) |
| 10.16% |
| 28.91% |
| 8.42% |
| 15.25% |
| 15.00% |
| 12.61% |
| U.S. Mid Cap Growth Composite (Net) |
| 9.95% |
| 27.91% |
| 7.56% |
| 4.34% |
| 14.10% |
| 11.72% |
| Russell Midcap® Growth Index |
| 9.50% |
| 26.28% |
| 4.61% |
| 11.81% |
| 12.86% |
| 11.34% |