Smallcap World Fund Increases Altus Group Holdings

Smallcap World Fund Increases Altus Group Holdings
Smallcap World Fund Inc. has significantly expanded its investment position in Altus Group Limited through a substantial share acquisition on the Toronto Stock Exchange. The fund purchased 141,502 common shares, bringing its total shareholding to 3,037,322 shares, representing approximately 7.66 percent of Altus Group's outstanding equity. This strategic move reflects growing confidence in the software and data analytics company's business prospects and market potential. The acquisition positions SCWF as a major institutional investor in Altus Group, a company that provides critical technology solutions for the real estate and financial services sectors. With nearly 40 million common shares outstanding, Altus Group operates in a competitive but essential market segment where demand for digital transformation continues accelerating.