Bailard, Inc., an esteemed independent asset and wealth manager headquartered in the San Francisco Bay Area, is pleased to announce the recognition of its Technology Strategy as a top performer in the Morningstar Technology Category for the 1-year and 5-year periods ending September 30, 2023.
Every quarter, Morningstar publishes a list of “Top Performing Separate Accounts and CITs,” which is then revealed by Pensions & Investments, a reputable global news source specializing in money management and institutional investing. The top performers are selected based on their 1-year and 5-year returns, as calculated using data provided to Morningstar.
The Bailard Technology Strategy achieved a place in the top ten of its Technology Category, realizing a 42.7% gross of fee return and a 42.2% net of fee return for the 1-year period ending September 30, 2023. Over the 5-year period ending September 30, 2023, the Strategy recorded a 13.4% gross of fee return and 12.9% net of fee return.
Dave Harrison Smith, CFA, Executive Vice President of Domestic Equities and Head of Technology Investing at Bailard, expressed optimism about the current landscape of technology companies, emphasizing their vital role in propelling global economic growth. He highlighted the significant progress in innovation and investment opportunities within the sector, particularly in light of developments such as the rise of Generative AI and the increasing demand for cybersecurity solutions.
Founded in 1969, Bailard is an independent asset and wealth management firm dedicated to serving individuals, families, and institutions. With over $5.4 billion in assets under management as of 9/30/2023, Bailard possesses a strong track record in asset management across domestic and international equities, fixed income, and private real estate. The firm also has in-house expertise in sustainable, responsible, and impact investing and is committed to assisting clients in aligning their financial goals with their values.
For individuals interested in the firm’s performance figures and important disclosures, additional information can be accessed via the following link: https://bailard.com/disclosures-technology-pensions-and-investments-top-performing-separate-accounts-and-cits/
In summary, Bailard’s Technology Strategy continues to demonstrate consistent performance and resilience, reaffirming its position as a key player in the industry. With a strong emphasis on aligning financial goals with ethical values, Bailard remains steadfast in delivering excellence in asset and wealth management.
For further inquiries, please contact:
Sydney Angelov
[email protected]
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