MONOY - Wasatch Global Opportunities Fund Q1 2025 Commentary

2025-05-21 15:05:00 ET

Summary

• Wasatch Global Opportunities Fund—Investor Class was down -8.14% and underperformed the benchmark MSCI AC World Small Cap Index, which lost -3.97%.
• On a geographic basis, our holdings in the U.S. and Taiwan were the largest detractors from relative performance. Conversely, stock selection in Japan contributed to relative results.
• Tariffs and the potential for a deeper trade war have raised fresh concerns about the global economy and the operating environment for businesses.

Overview

Global equities lost ground in the first quarter, though results varied considerably by market. U.S. stocks were down broadly in the wake of softer economic data and concerns about how President Donald Trump’s trade policies may affect businesses. However, many European constituents within the MSCI AC World Small Cap Index ended the period with sizeable gains....

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