US Equity Strategy - SMID Cap Core_SMID Cap Core Manager Performance - January 2025

本文档仅供上海信鱼私募基金管理有限公司18860455898研究使用，请勿外传 ab 8 January 2025 Global Research Sector vs. Stock Impacts on Manager Performance 2024: Sector decisions added +1.7% to performance in 2024, primarily driven by an overweight stance in Industrials which added 1.1%. Stock selection neither helped nor hurt as a -0.8% headwind within Industrials was primarily offset by a 0.6% gain within Financials. Among the largest contributors, underweighting APP alone cost -75 bps of performance. 4Q24: Sector decisions added +1.2% to ...