Summary

• The Wasatch Global Opportunities Fund—Investor Class did not keep pace and finished the period down -6.40%.
• Global small-cap stocks were volatile in the first quarter as shifting investor sentiment drove sharp rotations within the market.
• At the sector level, stock selection in the financials and industrials sectors detracted the most from performance relative to the benchmark.

Overview

Global small-cap stocks were volatile in the first quarter as shifting investor sentiment drove sharp rotations within the market. Enthusiasm around artificial intelligence (AI) continued to support companies tied to the AI infrastructure buildout, but each wave