U.S. equity markets saw strong performance through 2023 thanks to a handful of mega cap companies that drove most of the gains for the S&P 500 and Nasdaq. While the U.S. still has one of the highest growth projections among developed economies in 2024, a slowdown in growth momentum could lead to increased downside risks for stocks. A more selective approach to U.S. equities, backed by a proven strategy from an experienced manager, can capture upside with the potential to mitigate downside risk in this environment.
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