The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in publicly-traded companies located anywhere in the world, including equity securities in developed and emerging markets.
The team focuses on companies that generate above average earnings growth and are leading growth businesses in the marketplace.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team starts with internal competitive landscape analysis, ongoing participation at industry conferences, review of industry and trade periodicals.
In addition, the team evaluates each company on the basis of six key factors such as durable above-average earnings growth, leadership position in a promising business space, significant competitive advantages, clear mission and value-added focus, financial strength, and rational valuation.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The portfolio holds approximately 30 to 50 issuers.
The fund estimates to invest in at least three countries, including the United States, and invest at least 40% of its net assets in non-U.S. companies.
According to the team, a company is considered to be a non-U.S. company if at least 50% of the company’s revenues or operating income is generated outside of the United States.
Also, if the company is organized or maintains its principal place of business outside of the United States; or the company’s primary trading market is located outside of the United States.
From time to time, the fund may also focus its investments in a particular geographic region, such as Europe, Asia and North America.
The fund may also purchase American Depositary Receipts, European Depositary Receipts ) and Global Depositary Receipts.
Also, the fund may invest in A-Shares of companies based in China, and may also invest in derivatives,
