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International ADR Equity |
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International ADR Equity investment process is driven by our
multi-factor quantitative model. A top-down analysis of broad
regions, countries and industries provides a ranking of the most
attractive market areas in which to invest.
We then focus our bottom-up research on individual companies in the most attractive areas, taking positions in those individual securities which meet our fundamental criteria. Our model ranks both regions and individual companies on valuation, relative strength and risk level. The result is a portfolio of large, attractively-valued and financially productive international companies focused in the strongest regions of the international market.
INVESTMENT PROCESS: Quantitative
Our proprietary computer
models compile fundamental and technical data on hundreds of
securities to guide our research.
PORTFOLIO
CONSTRUCTION: Diversified
20-30 ADR securities
diversified across country and broad market sectors.
INVESTMENT
STYLE: Core International
Portfolios hold both growth
and value oriented ADR securities.
RISK
PROFILE: Moderate
ADR's reduce exposure to
various risks associated with international investing.
Broadly diversified.
PERFORMANCE:
Dynamic
Portfolios will reflect the
returns of established international capital markets.
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Investment Team: Bart McMurry |
"Many foreign equity indices are skewed toward large companies and industries leaving a small number of large stocks driving index performance. That creates an opportunity for us to enhance relative performance through careful stock picking." |
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ADR Security Selection Process  |
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ADR Investment Advantages Reduced
Liquidity Risk ADR’s
typically represent large multinational corporations whose
foreign securities are seasoned and highly liquid.
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