Q4 2021 International and Global Growth Equity Strategies

An unpredictable fourth quarter drove extreme gains and losses in stocks. Normalized monetary policy accelerated as the spread of Omicron threatened economic recovery late in the quarter. Chautauqua's International strategy underperformed, while the Global strategy performed in line with its benchmark in Q4; though in an exceptionally volatile 2021 calendar year, they appreciated in value.

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