2024-07-25 06:25:00 ET
Summary
- U.S. large cap stocks had a solid second quarter while other market capitalizations and other geographies were more mixed.
- Performance for the Madison Sustainable Equity Fund (Class Y) was about in line with the S&P 500 during the quarter.
- The top contributors in the quarter were Alphabet, Eli Lilly, Costco, Qualcomm, and NextEra Energy. Target, Visa, Agilent, Apple, and US Bancorp were the largest detractors.
- Equity markets have been strong this year despite geopolitical concerns, U.S. election rhetoric, high interest rates, a slowing economy, and above-target inflation.
Market Environment And Performance
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For further details see:
Madison Sustainable Equity Fund Q2 2024 Investment Strategy Letter