International Growth Equity

Philosophy

We believe:

  • Earnings growth drives stock prices.
  • Investing in international markets is best suited by a combination of top-down and bottom-up analysis.
  • Limited geographic, sector, or market capitalization constraints allow international investors to capture the best investment ideas.

Process

Benchmark: MSCI ACWI ex USA Growth Index


Large Cap Value Chart

By integrating top-down country allocation analysis
with bottom-up security analysis, we:

Aim to identify companies with

  • robust and sustainable growth rates
  • high-quality balance sheets
  • management teams with clearly defined growth strategies

In countries that have

  • reasonable valuations
  • low risk (including currency)
  • strong economic growth