April 2024 – Paul Espinosa discusses the Value Fund’s performance and notes that the Fund is finding value in companies that are “off the beaten path” in the EM universe. He and Brent Clayton report on the Fund’s search for value in China. Brent highlights the potential for improved corporate governance in South Korea.

Speakers

• Brent Clayton, Co-Portfolio Manager
• Daniel Duncan, Managing Director, Business Development and Client Services
• Paul Espinosa, Portfolio Manager

Related Information

• Portfolio Review – First Quarter 2024
• 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 March 31, 2024, securities mentioned in the video comprised the following weights in the Seafarer Overseas Value Fund: Georgia Capital PLC (3.5%), Bank of Georgia Group PLC (3.0%), Qatar Gas Transport Co., Ltd. (3.0%), Petronet LNG (3.0%), Samsung C&T Corp., Pfd. (0.2%), Samsung C&T Corp. (2.9%), UPL, Ltd. (1.8%), Siam Cement PCL (1.8%), Shangri-La Asia, Ltd. (2.8%), DFI Retail (2.5%), and China Yangtze Power (2.3%). 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.

Daniel Duncan is a Registered Representative of ALPS Distributors, Inc.