Quarterly Attribution Commentaries
Heading into 2020, Argent’s strategies were positioned to benefit from modest economic expansion both domestically and globally, smooth capital markets, and a benign corporate operating environment. COVID-19 introduced an exogenous shock to the market. As the impact from COVID-19 spread, the market sold off. There was a silver lining to the turbulence. Argent selectively upgraded its portfolios in the volatility.
We anticipate the concerns over COVID-19 will subside and that the global economy has enough momentum to move through the recent market volatility. As Argent’s performance through 2019 shows, when the market moved toward normal valuations, our portfolios are positioned to outperform. Please see our attribution commentaries below for more details.
Small Cap Attribution
Mid Cap Attribution
Large Cap Attribution
Dividend Select Attribution