Fiera Capital Mid Cap Growth Strategy Q1 '19 Commentary

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Includes: AAL, BGNE, BLUE, CMG, DLB, DVN, ETSY, IDXX, KLAC, LRCX, MELI, MOH, MSCI, NOW, PTLA, SAGE, STE, UAL, VRSN
by: FieraCapitalUS
Summary

The Russell Mid Cap Growth Index returned +19.6% in Q1, vs. +14.4% for the Russell Mid Cap Value Index, and this was replicated in varying degrees across the entire market.

Our portfolios outperformed their respective benchmarks in Q1.

The Fiera Capital Mid Cap portfolio returned +20.3% gross, and +20.0% net in Q1 vs. the Russell Mid Cap Growth Index (+19.6%) - a relative outperformance of approximately +0.7% and +0.4%, respectively.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.