American Century Focused Global Growth Fund Q3 2024 Commentary

(10min)

Summary

  • Global stocks advanced as central banks, led by the Fed, reduced benchmark lending rates, with non-U.S. stocks outperforming U.S. peers.
  • U.S. stocks rose amid labor market weakness and a Fed rate cut, marking the fifth consecutive quarter of earnings growth.
  • Key detractors included Novo Nordisk and ASML Holding, while notable trades involved Oracle, Techtronic Industries, AstraZeneca, and HDFC Bank.
  • Top holdings like Nvidia, Microsoft, Amazon, and Meta Platforms are expected to benefit from long-term growth trends and strategic business shifts.

Candlestick chart and data of world financial market.

tadamichi

Average Annual Total Returns for Period Ended 9/30/2024

Class

Qtr

(%)

1 Year

(%)

3 Year

(%)

5 Year

(%)

10 Year

(%)

Since Inception

(%)

Inception Date

Gross Expense Ratio

(%)

Investor

5.44

31.13

3.50

11.14

This article was written by

American Century Investments® is a leading asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve health and save lives. It’s how we help our clients Prosper With Purpose. Every day people are increasingly focused on investing to make the world a better place for themselves, their families, their organizations, and the world at large. It is possible to live a more meaningful and impactful life and give back something that’s more valuable than money. When you invest with us, you can also invest in the future of others and have the potential to impact the lives of millions. That’s possible because of the distinct relationship with the Stowers Institute for Medical Research, which owns more than 40% of American Century Investments. Our dividend payments provide the ongoing financial support for the Institute’s work of uncovering the causes, treatments and prevention of life-threatening diseases, like cancer. Together we can become a powerful force for good…it’s like nothing you’ve seen before from an investment management firm. Note: American Century Investments is not an analyst publishing actively on Seeking Alpha; rather, our editors excerpt and republish from American Century Investments' publicly-available statements and letters.

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