Category: ESG SMID Cap Commentaries

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ESG SMID Cap – Q2 2023 Commentary

July 24th, 2023
The Russell 2500™ index returned 5.2% in the second quarter of 2023, as the potential downside risks associated with the regional bank crisis experienced in March decreased in likelihood as the quarter progressed. The theme of the quarter was the accelerating pace of investment in semiconductors that serve as the backbone of artificial intelligence (A.I.). We…

ESG SMID Cap – Q1 2023 Commentary

April 25th, 2023
The Russell 2500™ index returned 3.5% in the first quarter of 2023, as strong performance in technology, industrial, and consumer stocks more than offset the impact of disruptions experienced in the banking sector.  The failure of Silicon Valley Bank – the nation’s 16th largest at the time – is likely to create reverberations through the financial…

ESG SMID Cap – Q4 2022 Commentary

January 27th, 2023
The Russell 2500™ index returned 7.4% in the fourth quarter of 2022 as optimism grew regarding a potential for a less restrictive US Federal Reserve monetary policy 2023.  European demand across a broad range of industries has been more resilient than expected, and many companies are beginning to experience improvement in supply chain reliability and a…

ESG SMID Cap – Q3 2022 Commentary

October 21st, 2022
The Russell 2500™ index declined nearly 2.8% in the third quarter of 2022, as a market rally early in the quarter was reversed by ongoing concerns regarding interest rate increases and the possibility of a recession in 2023.  Companies with meaningful exposure to European economic conditions are beginning to experience notable demand pressure, while the bulk…