NZS Capital, LLC, an investment management company, released its “NZS Growth Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their rally in the third quarter, which began in the previous quarter. The strategy returned +4.09% (a net return of -3.93%) for the quarter, compared to +7.60% for the Morningstar Global Target Market Exposure (NR) index over the same period. YTD, the fund returned +20.18% (net return of +19.60%) compared to t ...