Renaissance Investment Management International Small Cap Equity Strategy’s Q1 2025 Investor Letter

Renaissance Investment Management, an investment management company, released its Q1 2025 “International Small Cap Equity Strategy” investor letter. International equities began the year positively, recording strong gains despite increased geopolitical and tariff risks. Investors rotate away from US stocks due to concerns over the weakening US economy, which enabled international equities to achieve their best quarter. Decline in the U.S. Dollar Index offered additional support to international equities. However, the portfolio returns were negative on both an absolute basis and relative to the benchmark in the first quarter.  For more information on the fund’s best picks in 2025, please check its top five holdings.

A copy of Renaissance Investment Management International Small Cap Equity Strategy’s Q1 2025 investor letter can be downloaded here.