Large Cap Core Update
July 28, 2021
Despite Underperformance Strategy Remains Well Diversified
The Glenmede Quantitative Large Cap Core Strategy underperformed the Russell 1000 Index by about -2.3% in Q2. Portfolio Manager Val de Vassal discusses the strategy’s positive contributions from stock selection in the Materials and Consumer Discretionary sectors and the negative relative contributions from Information Technology and Health Care. We believe this diversified strategy is well positioned with its multifactor approach favoring stocks with cheaper valuations, stronger fundamentals, positive earnings/revenue estimate trends and attractive technicals.