VCTR - TimesSquare Capital U.S. Small Cap Growth Q2 2024 Commentary
2024-07-15 11:10:00 ET
Summary
- TimesSquare Capital U.S. Small Cap Growth portfolio outperformed the Russell 2000® Growth Index in the second quarter.
- 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).
- 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.
Performance
| Annualized |
| 2Q24 |
| 1YR |
| 3YR |
| 5YR |
| 7YR |
| 10YR |
| U.S. Small Cap Growth Composite (Gross) |
| -1.59% |
| 10.26% |
| -2.59% |
| 6.60% |
| 9.49% |
| 9.12% |
| U.S. Small Cap Growth Composite ('net') |
| -1.83% |
| 9.18% |
| -3.55% |
| 5.55% |
| 8.41% |
| 8.05% |
| Russell 2000® Growth Index |
| -2.92% |
| 9.14% |
| -4.86% |
| 6.16% |
| 7.28% |
| 7.38% |
| Please see the important performance and other related disclosures at the end of this Commentary, which are an integral part of this quarterly Commentary Newsletter. |