Fundametrics® International Small Cap Equity
3Q 2023 Performance Summary and Observations
The Fundametrics International Small Cap Equity strategy outperformed the FTSE Developed ex-US Small Cap Index, delivering a -2.87% return for the quarter compared to the benchmark’s -3.85%.
Higher interest rates and oil prices impacted investors’ appetite for risk across the globe, driving markets down for the quarter.
Low-value stocks continued to perform well as investors discounted growth amid higher interest rates and favored stocks with lower levels of risk.
The Alpha Composite model demonstrated strong performance for the quarter, with the Buy-rated stocks outperforming Sell-rated stocks by 430 bps. Additionally, the Financial Warnings overlay also contributed by identifying stocks with elevated risks.
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