The strategy's primary objective is to provide long-term capital appreciation by investing primarily in emerging market securities.
We believe that, growth drives returns, quality protects against downside and valuation matters.This philosophy is applied through a fundamental bottom up stock selection-based process which creates concentrated portfolios of stocks which each have significantly better quality and growth characteristics than the market average, but are not overvalued at the time of purchase. In emerging markets, we also give deep consideration to the quality and growth prospects of the countries and sectors, eliminating some from consideration at an early stage in the process.
The strategy can invest in companies located in developed markets, but who derive a substantial portion of their revenue from emerging markets. The portfolio normally consists of 20 to 35 names.