Columbia Threadneedle Investments, an investment management company released its “Columbia Threadneedle Global Technology Growth Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund returned 9.96% gross of fees and 9.72% net of fees compared to S&P Global 1200 Information Technology Index’s 12.35% return. Corporate earnings, lower interest rates, and expectations of further rate cuts, along with supportive Federal Reserve actions, led to an upward trend in stock prices. Large-cap growth stocks outperformed small-caps in...
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