Fiera Capital U.S. Equity Q1 '19 Commentary

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Includes: CME, LIN, MA, MCO, MMM, MSCI, MTD, TJX, UNH, USB
by: FieraCapitalUS
Summary

The Fiera US Equity strategy was up in absolute performance and outperformed the S&P 500 index over the quarter, on a gross basis.

Our relative outperformance was mainly driven by security selection, which was particularly successful in the Financials and Health Care sectors.

Among the top contributing stocks for the first quarter were Moody’s, MSCI, and Mastercard.

Among the leading detractors in the quarter were CME Group andUnitedHealth.

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