– Paul Espinosa explains that Value Fund performance was led by holdings from countries with low weightings in the EM benchmark: the United Arab Emirates, Georgia, and Vietnam. He discusses how stock selection helped the Fund mitigate the impact of the falling Chinese market.
- Paul Espinosa, Portfolio Manager
- Natalia Urbanek, National Accounts Manager, Business Development and Client Services
- 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 September 30, 2023, securities mentioned in the video comprised the following weights in the Seafarer Overseas Value Fund: Emaar Properties PJSC (3.2%), National Central Cooling Co. PJSC (Tabreed) (2.7%), Georgia Capital PLC (2.7%), Bank of Georgia Group PLC (2.3%), PetroVietnam Technical Services Corp. (3.3%), Petrovietnam Fertilizer & Chemicals JSC (1.7%), Samsung SDI Co., Ltd. (2.5%), Melco International Development, Ltd. (2.5%), Shangri-La Asia, Ltd. (2.6%), Ambev SA (2.0%), and Odontoprev SA (2.4%). View the Fund’s Top 10 Holdings. Holdings are subject to change.
- Sources: ALPS Fund Services, Inc.; Bloomberg; Seafarer.
- Natalia Urbanek is a Registered Representative of ALPS Distributors, Inc.