Columbia Pyrford International Stock Fund Q4 2024 Commentary

February 25, 2025 08:00:00 am

Source: SeekingAlpha

2025-02-25 08:00:00 ET

Summary

Columbia Pyrford International Stock Fund Institutional Class shares returned –8.95% in Q4 2024, underperforming its benchmark, the MSCI EAFE Index – Net, which returned –8.11%.
The fund's underperformance was driven by stock selection in the Eurozone and an underweight position in Japan, though stock selection in Australia and Japan added value.
The portfolio remains defensively positioned with an overweight in Southeast Asian markets and defensive sectors like industrials and communications, focusing on balance sheet strength and profitability.
The outlook for 2025 is cautious, with potential impacts from President-elect Trump's trade tariffs and economic policies, particularly affecting Europe and U.S. interest rates.

Columbia Pyrford International Stock Fund

	3-year	1-year	3-year	5-year	10-year
Institutional Class	-8.95	2.86	2.75	3.77	4.34
Class A without sales charge ¹	-8.96	2.85	2.55	3.55	4.09
Class A with 5.75% maximum sales charge ¹	-14.20	-3.03	0.54	2.33	3.48
MSCI EAFE Index - Net	-8.11	3.82	1.65	4.73	5.20