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Quantitative U.S. Large Cap Growth Equity Strategy Q1 2021 Review & Outlook: Strategy Beats Benchmark Aided by Structural Underexposures

April 27, 2021

Glenmede’s Quantitative U.S. Large Cap Growth Equity Strategy outperformed the Russell 1000 Growth Index by 7.4%. Portfolio Manager Alex Atanasiu, CFA, discusses the strategy’s positive contributions from Glenmede’s stock selection models, including higher quality, positive earnings trends and better technicals. He explains how the strategy was negatively impacted by its relatively lower market capitalization, but helped by structural underexposures to the top five names in the Growth index. Most of the relative outperformance was driven by positive stock selection effects of in Information Technology and Consumer Discretionary.