April 2024 – Andrew Foster explains that as markets rose on speculation around AI, the Growth and Income Fund’s performance was driven by holdings in India and South Korea as well as consumer stocks. He describes how DBS Group, a new holding, fits into the strategy, as a stable grower that has the capacity to pay high dividends. Lydia So discusses robust cash flow generation at Hermès.

Speakers

• Daniel Duncan, Managing Director, Business Development and Client Services
• Andrew Foster, Chief Investment Officer and Portfolio Manager
• Lydia So, Portfolio Manager

Related Information

• Portfolio Review – First Quarter 2024
• Portfolio Review – First Quarter 2021 (“Allocation”) (from archives, mentioned in video)
• Fund Performance
• Portfolio Briefing Archives

The performance data quoted represents past performance and does not guarantee future results. Future returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. View the Fund’s most recent month-end performance.

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 March 31, 2024, securities mentioned in the video comprised the following weights in the Seafarer Overseas Growth and Income Fund: Hermès International SCA (2.1%), DBS Group Holdings, Ltd. (1.7%), and Tata Motors, Ltd. (1.0%). The Fund did not own shares in the other securities referenced in this video. View the Fund’s Top 10 Holdings. Holdings are subject to change.

Sources: ALPS Fund Services, Inc.; Bloomberg; Seafarer.

Daniel Duncan is a Registered Representative of ALPS Distributors, Inc.