Thornburg International Growth Fund Q4 2024 Commentary
Source: SeekingAlpha
2025-04-07 12:09:00 ET
Summary
- In 4Q24 Thornburg International Growth Fund (I share class) returned -8.97%, -109 basis points behind the MSCI ACWI ex-U.S. Growth Index.
- U.S. Federal Reserve began its well-telegraphed monetary loosening in September with a hefty 50-basis point cut to its target range, following up with two more 25-basis point reductions in November and December.
- Share prices often deviate sharply from business fundamentals. The market celebrates “beats” in expected quarterly earnings or guidance.
| AVERAGE ANNUAL TOTAL RETURNS (%) | EXPENSE RATIOS (%) | ||||||||
| AS OF 31 DECEMBER 2024 | QTR | YTD | 1-YR | 3-YR | 5-YR | 10-YR | ITD | GROSS | NET |
| A Shares TIGAX (Incep: 1 Feb 07) | |||||||||
| Without sales charge | -9.07 | 2.04 | 2.04 | -3.93 | 2.56 | 4.86 | 5.82 | -- | -- |
| With sales charge | -13.17 | -2.56 | -2.56 | -5.39 | 1.62 | 4.38 | 5.55 | 1.38 | 1.38 |
| I Shares TINGX (Incep: 1 Feb 07) | -8.97 | 2.43 | 2.43 | -3.56 | 2.91 | 5.25 | 6.29 | 1.06 | 0.99 |
| MSCI ACWI ex-U.S. Growth Index | -7.88 | 5.07 | 5.07 | -2.67 | 3.44 | 5.35 | 3.78 |
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Thornburg International Growth Fund Q4 2024 Commentary
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