International Equity Strategy
The strategy seeks to outperform the MSCI EAFE Index over a full market cycle with an emphasis on higher returns on capital, growing revenues, low debt, and attractive valuations.
Emphasis on high-quality businesses with growing revenue, low debt, and attractive valuation
Bottom-up security selection with a long-term investment horizon
Team averages 25 years of experience
All cap and concentrated with a long-term investment horizon
Analytical framework based on sources of stock returns with an emphasis on high quality
International / High Conviction
July 1, 2014
The International Equity team believes short-term focus by the market creates opportunities to outperform by investing in businesses that can consistently grow their cash flows. The strategy seeks to manage risk through country and sector diversification while maintaining a high conviction portfolio by limiting the number of holdings.