News & Our Thinking

News & Our Thinking
Quarterly Investment Commentary

Quarterly Attribution Commentaries

27 July 2021

During the second quarter, investment leadership moved away from more economically sensitive stocks and sectors into many of the organic growth companies that led the market in the recent past.  The backdrop to that rotation revolved around whether the U.S. economy was nearing peak growth after coming out of the COVID-19 driven recession, and whether the inflation seen in the economy was indeed transitory in nature.

Throughout the quarter, Argent continued to selectively upgrade its portfolios 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

Russell Midcap

Dividend Select Attribution

Russell 1000 Value

Small Cap Core Attribution

Russell 2000

Large Cap Growth Attribution

Russell 1000 Growth

S&P 500