Wasatch U.S. Select Strategy’s Q3 2024 Investor Letter

Wasatch Global Investors, an asset management company, released its “Wasatch U.S. Select Strategy” third-quarter 2024 investor letter. U.S. stocks experienced fluctuations during the third quarter but ultimately closed with strong gains. This positive outcome was partly driven by a shared belief that the U.S. economy might attain a soft landing and that interest rate reductions could be forthcoming. In September, the Federal Reserve acted on this sentiment by lowering its benchmark interest rate for the first time since 2020. Against this backdrop, strategy gained and outperformed the benchmark Russell 3000® Growth Index, which was up 3.42%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Wasatch U.S. Select Strategy’s Q3 2024 investor letter can be downloaded here.