Brown Advisory US Smaller Companies PLC GBP (GB:BASC) has released an update.
Over the twelve months ending June 30, 2024, Brown Advisory US Smaller Companies PLC (BASC) saw a moderate NAV increase of 2.8%, with its share price rising by 5.1%, slightly narrowing the discount to its net asset value. The company’s underperformance relative to the Russell 2000 Total Return Index was attributed to smaller companies falling behind their larger US counterparts for the third year in a row, and unexpected negative earnings in some healthcare and IT stocks. Despite recent lag, BASC’s focus on quality growth characteristics and a risk-controlled approach is anticipated to drive long-term outperformance, especially as the market shifts back to favoring company fundamentals.
For further insights into GB:BASC stock, check out TipRanks’ Stock Analysis page.
