May 2016 –
In his latest portfolio review, Andrew Foster discusses the volatile
performance of the market.
While the Fund and the benchmark index both produced gains for the quarter, they did so only after
first dragged both sharply lower, and after
subsequently pushed both higher.
Next, Andrew addresses the
the Fund’s allocation to Brazil, and how it is
in light of current events.
He concludes by discussing the twin forces that are most likely to shape emerging markets over the next 12 to 24 months:
falling interest rates versus sluggish growth.
November 2015 –
Paul Espinosa examines the
universe of value stocks
that lie within the emerging markets.
Rather than rely on basic quantitative measures to distinguish “cheap” stocks from “expensive” ones, Paul defines
seven distinct sources of value
that might represent viable opportunities for long-term, value-oriented investments.
He applies these seven definitions to the securities universe within the emerging markets and discovers a
subset worth $1.4 trillion.
Paul then examines each of the seven categories in detail, studying the challenges and opportunities within each.
He discusses where
value “traps” might lie
– and how best to avoid them.
Paul concludes by noting the opportunity for value in the developing world is
large, diverse, and seemingly untapped
by the global investment industry.
The Fund seeks to provide long-term capital appreciation
along with some current income; it also seeks to mitigate
adverse volatility in returns.
The Fund invests primarily in the securities of companies located in developing countries. The Fund invests in several asset classes including dividend-paying common stocks, preferred stocks, convertible bonds, and fixed-income securities.
ALPS Distributors, Inc. is the distributor for the
Seafarer Overseas Growth and Income Fund.
Investors should consider the investment
objectives, risks, charges and expenses
carefully before making an investment decision.
This and other information about the Fund is
contained in the
which may be obtained by calling (855) 732-9220.
Please read the
carefully before you invest or send money.
An investment in the Fund involves risk, including possible loss of principal. International investing involves additional risk. These include risks related to social and political instability, market illiquidity, and currency volatility. Investing in foreign securities may involve certain additional risks, exchange-rate fluctuations, limited liquidity, high levels of volatility, and reduced regulation. Emerging markets are often more volatile than developed markets, and investing in emerging markets involves greater risks. Fixed-income investments are subject to additional risks, including but not limited to interest-rate, credit, and inflation risks. Given the potential increased volatility of the Fund, an investment in the Fund should be considered a long-term investment.
Seafarer Capital Partners, LLC700 Larkspur Landing Circle, Suite 105Larkspur, CA 94939