Fiera Capital SMID Cap Growth Strategy Q1 '19 Commentary

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Includes: ARRY, BGNE, BLUE, CGNX, CPRT, FGEN, GHDX, GRUB, HTHT, LYV, MELI, PBH, PGTI, PTLA, SAGE, SMTC, TRIP, ULTI, VEEV, WB
by: FieraCapitalUS
Summary

The Russell 2500 Growth Index returned +19.0% in Q1, vs. +13.0% for the Russell 2500 Value Index, and this was replicated in varying degrees across the entire market cap spectrum.

Our portfolios outperformed their respective benchmarks in Q1.

The SMID Cap portfolio returned +19.1% gross and +18.8% net in Q1 vs. the Russell 2500 Growth Index (+19.0%) - a relative outperformance of approximately +0.1% and underperformance of -0.2%, respectively.

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