Strong start to 2024, but majority underperform: Average returns of 7.6% lags the SPDRs MSCI ACWI ETF by -0.33%, with 44% of funds outperforming.

Growth beats Value: Aggressive Growth funds the star performers with 8.3% returns on average. Value funds underperform benchmark with 6.9% Q1 return.

USA Technology Drives Returns: US Tech sector accounts for 1/4 of total returns in Q1. China & India Financials a drag on performance.

Apple and Tesla Positions Outperform: Underweights in both stocks help claw back losses made due to NVIDIA underweights.

Active vs Passive: Active Global funds trail SPDRs MSCI ACWI by 19% over 10 years, with huge variation in Style performance over the period. Value and Yield funds the big laggards.