July 2024 – Brent Clayton reviews the key drivers of Value Fund performance, noting that gains in India and China were offset by declines in Brazil and Georgia. He and Paul Espinosa discuss takeaways from their research trip to China and Korea, including a new Fund holding – Hongkong Land – and corporate reactions to the Value-up program in Korea.

Speakers

• Brent Clayton, Co-Portfolio Manager
• Paul Espinosa, Portfolio Manager
• Natalia Urbanek, National Accounts Manager, Business Development and Client Services

Related Information

• White Paper: On Value in the Emerging Markets
• Fund Performance
• 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, 2024, securities mentioned in the video comprised the following weights in the Seafarer Overseas Value Fund: Petronet LNG, Ltd. (3.9%), China Yangtze Power Co. Ltd. (2.8%), Shangri-La Asia, Ltd. (3.2%), XP, Inc. ADR (2.9%), Hongkong Land Holdings, Ltd. (2.1%), and Jardine Matheson Holdings, Ltd. (2.1%). 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.

The Fund and index performance data reported in this video are estimates provided by a third-party industry data service based on the information available at the time of the recording, and may differ from the official Fund performance information that is later calculated by the Fund’s administrator and published on the Seafarer website. For official Fund performance information as of the most recent month end, please refer to the Performance page of the Seafarer website.

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

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