Aristotle Capital International Equity Strategy’s Major Contributor: Cameco Corp (CCJ)

Aristotle Capital Management, LLC, an investment management company, released its “International Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Global equity markets had a modest decline at the end of the year, with the MSCI ACWI Index returning -0.99% in the fourth quarter, while, the Bloomberg Global Aggregate Bond Index fell by 5.10%. Aristotle Capital International Equity returned -6.91% gross of fees (-7.02% net of fees) in the fourth quarter outperforming the MSCI EAFE Index’s -8.11% return, and the MSCI ACWI ex USA Index’s...