2024-05-15 10:20:00 ET
Summary
- Aristotle Capital Management is an independent/employee-owned investment management organization that specializes in equity and fixed income portfolio management for institutional and advisory clients worldwide.
- Global equity markets continued to climb during the first quarter. Overall, the MSCI ACWI Index rose 8.20% during the period.
- For the first quarter of 2024, Aristotle Capital’s International Equity ADR Composite posted a total return of 3.89% gross of fees, underperforming the MSCI EAFE Index.
- From a sector perspective, the portfolio’s underperformance relative to the MSCI EAFE Index can be attributed to security selection, while allocation effects had a positive impact.
Markets Review
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Aristotle Capital International Equity ADR Q1 2024 Commentary