
Quarterly Attribution Commentaries
Equities staged a powerful rebound from their March lows in the second quarter as investors pinned their hopes on a return to normalcy. The unprecedented monetary and fiscal stimulus that the Federal Reserve and Congress provided in late March helped stabilize the markets in the second quarter as investors interpreted those actions as a backstop against further losses. During the quarter, stocks rose as investors focused on favorable economic data along with the possibility of further government stimulus.
Argent continued to selectively upgrade its portfolios during the quarter with companies that exhibit strong cash flows, sturdy balance sheets and above-average returns on capital. Please see our attribution commentaries below for more detail.
Mid Cap Attribution
Dividend Select Attribution
Small Cap Core Attribution
Large Cap Growth Attribution