SMID Strategy Fact Sheet
July 17, 2024
The SMID portfolio performed well versus the benchmark on a relative basis in the second quarter, significantly closing the gap in performance exiting Q1 and moving toward providing a level of outperformance we have delivered throughout our long history. The Technology sector was the largest contributor to outperformance, followed by Energy and Consumer Discretionary. We were also pleased to see some of our industrial automation and auto related companies rebound after struggling in recent quarters. Healthcare and Communication sectors were mild negative offsets.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
