September 2020 – Paul Espinosa explains that in the current growth-focused market environment, the Value Fund remains committed to pursuing long-term value opportunities. He discusses two top contributors in this context. Paul also notes three categories of stocks that have detracted from performance this year. Lastly, he explains that the search for value is leading the Fund to Brazil, with two new holdings.

Speakers

• Paul Espinosa, Portfolio Manager
• Natalia Urbanek, National Accounts Manager

Related Information

• Portfolio Review – Third Quarter 2020
• Fund Performance
• White Paper: On Value in the Emerging Markets
• Portfolio Briefing Archives

The views and information discussed in this video are as of the date of publication, are subject to change, and may not reflect Seafarer’s current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation. Seafarer does not accept any liability for losses either direct or consequential caused by the use of this information.

As of June 30, 2020, Amvig Holdings, Ltd. comprised 1.9% of the Seafarer Overseas Value Fund, Wilmar International Ltd. comprised 4.6% of the Fund, Giordano International, Ltd. comprised 1.8% of the Fund, Georgia Capital PLC comprised 2.9% of the Fund, and Crédito Real SAB de CV SOFOM ER comprised 1.2% of the Fund. View the Fund’s Top 10 Holdings. Holdings are subject to change.

Natalia Urbanek is a Registered Representative of ALPS Distributors, Inc.