AMG River Road Mid Cap Value Fund’s Q4 2024 Investor Letter

River Road Asset Management, an investment management company released its “River Road Mid Cap Value Fund” Q4 2024 investor letter. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 2.97% compared to -1.75% returns for the Russell MidCap Value Index. For the year 2024, the fund returned 13.56%, compared to Index return of 13.07%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund’s best picks in 2024, please check its top five holdings.

A copy of AMG River Road Mid Cap Value Fund’s Q4 2024 investor letter can be downloaded here.