Multi-Cap Growth Commentary 2Q24
6-30-24
MARKET OVERVIEW:
The Congress Multi-Cap Growth Portfolio (“the Portfolio”) returned 2.4% (gross) and 2.3% (net of fees) vs 3.7% for the S&P 1500 in 2Q24.
Our holdings in Technology aided absolute returns on the strength of the AI tailwind during the quarter. This was partially offset by weakness in Materials.