First Eagle Global Fund Q4 2024 Commentary

2025-02-26 10:25:00 ET

Summary

• Equity market performance in the fourth quarter was in many ways a microcosm of the past two years.
• Global Fund A Shares (without sales charge*) posted a return of -5.48% in fourth quarter 2024.
• While signs of strain in the Chinese economy in the not-too-distant past were typically viewed as bad for global activity and risk assets broadly, the impacts of China’s current malaise have been more nuanced.

Market Overview

Equity market performance in the fourth quarter was in many ways a microcosm of the past two years. As has been the trend, outperformance during the last stanza of 2024 could be found in the most concentrated, highest-growth segment of the world’s largest stock market; that is, tech-oriented US stocks....

Read the full article on Seeking Alpha

For further details see: