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News & Our Thinking

News & Our Thinking
Quarterly Investment Commentary

Quarterly Attribution Commentaries

25 October 2021

During the third quarter, investors reverted back toward the growth stocks that propelled the market last year. The Russell 1000 Growth Index handily outperformed the Russell 1000 Value for the three month period ending September 30, 2021. The skewed performance was a result of the resurgence of COVID-19 as the Delta variant took hold and concerns regarding the Federal Reserve’s plans to taper its bond-buying program. With the possibility of slower economic growth on the horizon, investors favored the organic growth winners of 2020.

Throughout the quarter, Argent selectively upgraded its portfolios by purchasing companies that exhibited 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