In the third quarter, the market digested the notable first-half of the year returns and a substantial increase in interest rates. The soft landing scenario and strong gains in July gave way to higher for longer interest rates, recession fears and a broad correction in August and September. All Argent strategies (Large Cap, Dividend Select, Mid Cap, SMID and Focused Small Cap) outperformed their benchmarks net of fees in the third 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
Disclaimers
Views expressed herein represent the opinion of the portfolio manager as of the date above and are subject to change. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. You should not assume that investments in any securities within these sectors were or will be profitable. A list of stocks recommended by Argent in the past year is available upon request.
Performance returns cited represent past performance, which does not guarantee future results. Returns assume reinvestment of dividend and interest but returns do not reflect the effect of taxes and/or fees that an investment would incur. Please click on the individual attribution report for additional performance details and disclaimers.
