First Eagle Small Cap Opportunity Fund Q4 2024 Commentary
Source: SeekingAlpha
2025-03-05 06:35:00 ET
Summary
- Small Cap Opportunity Fund A Shares (without sales charge*) posted a return of -1.72% in fourth quarter 2024.
- The S&P 500 Index was able to share in some of the spoils, advancing 2.4% for the quarter and 25% for the year, while smaller stocks generally remained unloved.
- Data flow throughout the quarter showed continuing economic growth and stubbornly above-target inflation in the US.
Market Overview
Equity market performance in the fourth quarter was consistent with the trend in place for about two years now, with index-level performance driven of a small handful of very large tech-oriented US stocks. The NYSE FANG+ Index gained more than 15% in the fourth quarter, the cherry on top of a 51% annual gain.1...
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First Eagle Small Cap Opportunity Fund Q4 2024 Commentary
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