Invesco International Small-Mid Company Fund Q4 2024 Commentary
Source: SeekingAlpha
2025-02-14 08:00:00 ET
Summary
- Class A shares underperformed the MSCI ACWI ex-US SMID Index and the Morningstar Foreign Small/Mid Growth peer group average for the fourth quarter and the full year.
- The US Federal Reserve’s unexpected interest rate guidance was negative for small- and mid-cap stocks.
- Entering 2025, it appears market participants are coming to terms with 'higher for longer' interest rates.
- As that idea gains acceptance, we may see renewed outperformance from quality equities, which typically have little to no debt.
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Invesco International Small-Mid Company Fund Q4 2024 Commentary
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