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Originally published to www.morningstar.ca on October 21, 2021

Managers find few companies have yet to turn economic progress into shareholder value.

It’s been challenging for growth investors in emerging markets as value-oriented stocks have been favoured this year. But outperforming capital appreciation, especially in emerging markets, tends to happen in the long term.

Joris Nathanson and Ed Wallace, who focus oversee the $43.8 million 4-star bronze-rated Guardian Emerging Markets Equity Series I (also available in series A and F), take a long-term view and maintain their growth-oriented investment approach will be rewarded.

“This year, value within emerging markets is up 3.8% in Canadian dollar terms, whereas growth is down 7.1%,” says Joris Nathanson, investment manager at London, England-based GuardCap Asset Management Limited. The firm is a subsidiary of Toronto-based Guardian Capital LP. “There’s been a bit of a switch back to value, from growth,” he notes.

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