News & Our Thinking

News & Our Thinking
Quarterly Investment Commentary

Quarterly Attribution Commentaries – 2Q23

25 July 2023

Investors remained vigilant on recession watch, but the stock market had a positive second quarter and first half of the year. Large-cap and particularly mega-cap technology stocks continue to lead the way, but June gains included broader participation. All Argent strategies (Large Cap, Dividend Select, Mid Cap, SMID and Focused Small Cap) outperformed their benchmarks net of fees in the second quarter.

Large Cap Growth Attribution

Russell 1000 Growth

S&P 500

Dividend Select Attribution

Russell 1000 Value

Mid Cap Attribution

Russell Midcap

SMID Cap Attribution

Russell 2500

Focused Small Cap Attribution

Russell 2000