NZS Capital’s Q3 2024 Investor Letter

NZS Capital, LLC, an investment management company, released its “NZS Growth Strategy” third quarter 2024 investor letter. The strategy returned 3.97% (gross) and 4.13% (net) in the quarter, compared to 6.56% for the Morningstar Global Target Market Exposure (NR) index and 4.53% for the Morningstar Global Growth Target Market Exposure Index (NR). To some extent, the market’s attention shifted during the quarter. As enthusiasm for AI, semiconductors, and technology in general declined,...