Mairs & Power, an investment advisor, released the “Mairs & Power Growth Fund” third quarter 2024 investor letter. The market enjoyed a favorable environment in the third quarter due to modest economic growth, improving inflation trends, steady profit growth, and decreasing interest rates. The fund continued its positive quarterly returns, with 19.01% year-to-date appreciation, but trailed the 22.08% YTD returns for the S&P 500 Total Return (TR) index. Additionally, the Growth Fund beat its peer group according to the Morningstar Large Blend Category, which is up 18.92% YTD. In...
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