Valuation Matters

Valuation Matters

International Small Cap Review of the First Quarter of 2024 | KayneCast 254

April 25, 2024

“For the first quarter the dollar appreciated by about 4% overall, so while our benchmark in international small cap was up 6% in local currencies with that currency headwind returns in US dollar terms was just over 2%.””

Each quarter, Craig Thrasher, CFA Portfolio Manager and Senior Research Analyst provides an update on the performance of the International Small Cap strategy and shares his market outlook. Listen to his most recent episode where Craig recaps market activity during 1Q 2024, with a focus on:

  • The strength of the US dollar as a headwind to returns
  • Primary contributors and detractors to the International Small Cap strategy performance
  • The portfolio’s underweight position to Japan
  • Opportunities in emerging markets

For more insights, read our 1Q 2024 Commentary or subscribe to KayneCast where we provide the latest updates from the KAR Investment Team on our investment strategies.

Kaynecast is available on Apple Podcasts and Spotify.

This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this material is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the recording of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance is no guarantee of future results.

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