Mawer Investment Management’s Q3 2023 Investor Letter

Mawer Investment Management, an asset management company, released its third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, Mawer Investment Management’s International Equity Fund, U.S. Equity Fund, U.S. Mid Cap Equity Fund, Global Equity Fund, Global Small Cap Fund, Emerging Markets Equity Fund, EAFE Large Cap Fund, Canadian Equity Fund and New Canada Fund returned -2.9%, 0.1%, 0.8%, -0.7%, -0.2%, 3.9%, -3.4%, -2.0% and -3.9% respectively. In this quarter, there was a difference in the performance of holdings across the firm’s various portfolios, which could be an indication of the economy’s fragility and the vulnerabilities clouding the global growth forecast. In addition, please check the fund’s top five holdings to know its best picks in 2023.