Investor Presentaiton
S&P Mid Cap
400 Growth
Market Overview
1Q 2024
33.7
29.3
29.9
25.6
15.6
12.8
10.6
S&P 500
Growth
Style performance (%) (USD) as of 31-Mar-24
1 Year
Sector performance (%) (USD) as of 31-Mar-24
1Q 2024
1 Year
50.1
20.1
17.2
15.3
15.8
13.7
11.6
8.1
5.8
4.8
4.1
0.1
Communication
17.7
46.0
33.5
26.4
12.7
12.5
11.0
8.9
8.8
Information
Technology
Financials
Industrials
Materials
Health Care
17.6
16.1
Consumer Staples
7.5 7.2
28.7
5.0
4.6
0.4
Source for benchmark performance SPAR, FactSet Research Systems Inc. All indices
represent total return unless otherwise noted.
US equities market review as of 31 March 2024
• The US market, as measured by the S&P 500 Index, finished
strongly higher in Q1 2024. This was driven by the ongoing belief
that interest rates will be cut later this year as inflation moves
lower.
Economic growth in the United States expanded during Q4 2023,
with GDP increasing 3.4%. While this was slower than the 4.9% for
Q3, it continued to show increases in consumer and government
spending. With inflation trending down, although not in a straight
Source: FactSet. Sector performance based on MSCI sector classification. The analysis
of Standard & Poor's 500 Stock Index constituents are broken out by MSCI defined
sectors.
line, the US Federal Reserve continues to anticipate interest rate
cuts in 2024.
For the quarter, growth outperformed value in the large-cap,
midcap and small-cap spaces. Energy, communication services and
financials were the best-performing sectors, and real estate,
consumer discretionary and utilities were the worst.
FOR DEALER AND INSTITUTIONAL USE ONLY. - Massachusetts Investors Trust
PRPEQ-MIT-31-Mar-24
3
Consumer
Discretionary
Utilities
Real Estate
-0.5
10.3
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