The Broadleaf Growth Equity Portfolio enjoyed absolute gains in the third quarter, rising 7.2% and bringing year to date results to 23%, net of fees. Performance gains continued to come from the technology and consumer discretionary sectors during the quarter, as has been the case for most of the year, but market breadth also improved, in an encouraging sign, with participation broadening to the health care and industrials sectors for the portfolio as well.
Over nearly every period we track – short, intermediate, long term and since inception – our results are beating our benchmarks and our peer group on a net of fees basis. It’s equally difficult to believe, at least for me, that Broadleaf has been around for thirteen years!
For the rest of our thoughts on the quarter and our investment outlook, please click on the following link: Third Quarter 2018 Commentary and Review.