Driehaus International Small Cap Growth Strategy Q1 2026 Commentary
The Driehaus International Small Cap Growth Strategy declined 2.52% in the first quarter of 2026, underperforming its benchmark by 162 basis points due to challenges in stock selection. Sector contributions were positive in communication services and energy, while information technology and materials weighed on performance due to margin pressures and weak demand outlooks. The strategy increased country exposure to Japan, the UK, Switzerland, Taiwan, and South Korea, maintaining an underweight position in India and other emerging markets.
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