THNPY - TimesSquare International Small Cap Strategy Q4 2024 Commentary
2025-03-04 14:28:00 ET
Summary
- The International Small Cap Portfolio underperformed the MSCI EAFE Small Cap benchmark during the final quarter of 2024 while outperforming the benchmark for the full year.
- U.S. equities rallied strongly in November, offsetting weaker October and December returns. Non-U.S. markets declined in the fourth quarter, partly due to concerns about future U.S. trade policies.
- Global markets will likely begin 2025 finding their footings when adapting to new governments, rate environments, and other geopolitical turbulence.
Performance
Annualized |
4Q24 |
1YR |
3YR |
5YR |
7YR |
10YR |
International Small Cap Composite (Gross) |
-9.39% |
2.74% |
-5.71% |
-0.49% |
-0.37% |
4.87% |
International Small Cap Composite ( Net ) |
-9.62% |
1.72% |
-6.65% |
-1.47% |
-1.35% |
3.84% |
MSCI EAFE® Small Cap ( Net ) Index |
-8.36% |
1.82% |
-3.24% |
2.30% |
2.01% |
5.52% |