Wasatch Global Value Fund Q4 2024 Commentary

2025-03-24 23:06:00 ET

Summary

• The Wasatch Global Value Fund—Investor Class returned -5.78% in the fourth quarter of 2024, underperforming the MSCI AC (All Country) World Value Index, which lost -4.71%.
• Positioning and performance of our holdings in consumer discretionary and utilities were areas of strength for the Fund, while information technology and energy were the primary detractors.
• The strategy’s tilt toward higher dividend areas of the market, such as utilities, REITs, telecommunications and large-cap pharmaceuticals, was punished in the most recent quarter by the rise in Treasury yields.

OVERVIEW

The November U.S. presidential election outcome drove a shift in expectations for the trajectory of interest rates, given the prospect of higher U.S. tariffs on Chinese goods and the accompanying impact on inflation and U.S. Federal Reserve policy. Reflecting this, the bellwether 10-year U.S. Treasury yield finished the year at 4.58% as compared to 3.81% entering the fourth quarter....

Read the full article on Seeking Alpha

For further details see: