Polaris International Equity Composite Q4 2023 Commentary

News Snapshot:

Evkaz/iStock via Getty Images From August 1st to October 26th, the MSCI EAFE Index suffered a nearly 11% correction, led by interest rates worries, geopolitical risks and mediocre third-quarter corporate earnings. November was a different story. Improving inflation data for October and dovish comments from central banks spurred on a 9.30% rally in the MSCI EAFE Index. That month was the second strongest November in the Index’s history, and bond indices were equally ebullient. The rally continued into December, as investors anticipated a “soft landing” for the economy backed by 2024 rate cuts on cooling inflation. As a result, the...