American Century Focused Dynamic Growth Fund Q4 2024 Commentary

2025-02-18 08:10:00 ET

Summary

• The reelection of former President Donald Trump initially pleased investors who had worried about another protracted legal battle regarding the election’s results.
• Mid- and large-cap growth stocks led U.S. equities higher during the quarter, outperforming small-cap growth stocks, which posted more modest gains.
• Our overweight allocation relative to the benchmark hampered performance, especially in biotechnology.

Portfolio Review

Stocks posted gains. The reelection of former President Donald Trump initially pleased investors who had worried about another protracted legal battle regarding the election's results. However, the Federal Reserve's (Fed's) signal that it will slow the pace of interest rate cuts amid persistent inflation largely erased postelection gains....

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