– Andrew Foster reports that the Growth and Income Fund re‑entered Alibaba because the valuation was attractive relative to the company’s potential. He notes that the Fund remains active in China despite its slowing growth, because it offers a broad and deep universe of companies.
- Daniel Duncan, Managing Director, Business Development and Client Services
- Andrew Foster, Chief Investment Officer and Portfolio Manager
- 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, 2022, Alibaba Group Holding, Ltd. comprised 3.8% of the Seafarer Overseas Growth and Income Fund, Samsung Electronics Co., Ltd. Pfd. comprised 4.2% of the Fund, Samsung Electronics Co., Ltd. comprised 0.6% of the Fund, and Want Want China Holdings, Ltd. comprised 2.2% of the Fund. 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; J.P. Morgan, “Emerging Markets Equity Strategy Steering Board,” June 23, 2022; Want Want China Holdings, Ltd.
- Daniel Duncan is a Registered Representative of ALPS Distributors, Inc.