SGLOF - TimesSquare Global Small Cap Strategy Q1 2025 Commentary
2025-05-21 08:56:00 ET
Summary
- In the first quarter, broad-based weakness of U.S. equities (-5% return for the Russell 3000 Index) lagged overseas markets.
- As our investment team meets with companies, reviews recent earnings reports, and surveys the global landscape, they note several investment dynamics that inform our positioning.
- The Americas was the largest regional detractor of both the portfolio and benchmark. Our underweight position in the region helped offset stock specific impact.
Performance
Annualized |
1Q25 |
1YR |
3YR |
5YR |
7YR |
Since Inception (1/1/2018) |
Global Small Cap Composite (Gross) |
-1.50% |
1.08% |
1.94% |
10.03% |
4.37% |
4.35% |
Global Small Cap Composite (Net) |
-1.70% |
0.28% |
1.07% |
9.08% |
3.46% |
3.44% |
MSCI World Small Cap (Net) Index |
-3.73% |
-0.26% |
1.55% |
13.44% |
5.31% |
5.04% |