Our Strategies

The Global Value portfolio is constructed from an equity universe composed of companies with market capitalizations typically greater than $1 billion located in global developed and emerging market countries. Through rigorous, bottom-up company analysis, we seek to identify undervalued stocks with upside potential. The investment process comprises three stages: quantitative screening and initial analysis, fundamental research and portfolio construction.

The International Value portfolio is constructed from an equity universe composed of companies with market capitalizations typically greater than $1 billion located in non-US developed and emerging market countries. Through rigorous, bottom-up company analysis, we seek to identify undervalued stocks with upside potential. The investment process comprises three stages: quantitative screening and initial analysis, fundamental research and portfolio construction.

The International Value Select portfolio is constructed from an equity universe composed of companies with market capitalizations typically greater than $5 billion located in non-US developed and emerging market countries. The strategy uses our international value equity strategy with two distinctions: the select portfolio has greater liquidity (by way of investing in larger capitalization companies) and fewer holdings.

The Emerging Markets strategy invests primarily in common stocks of emerging markets companies and other investments that are tied economically to emerging markets. The strategy combines value and growth, and bottom-up and top-down factors. Our proprietary quantitative stock selection process is focused on seeking attractively valued companies with superior earnings prospects and positive market sentiment; we believe these companies should produce consistent returns across investment cycles. We use the same approach to select sectors and countries, comparing valuation against earnings growth and market sentiment. At the country level, we also consider the health of the macro-economy. Our quantitative process seeks to combine these factors while attempting to avoid undue sources of risk, which for this strategy we define as tracking error (a measurement of dispersion from a benchmark index).

The International Opportunities strategy blends Causeway’s developed and emerging markets exposures. The strategy invests in developed international markets through our fundamental, bottom-up international value strategy and in emerging markets through our quantitatively driven approach. Portfolio managers tactically allocate between the developed and emerging portfolio segments using our proprietary multi-factor model.

The International Small Cap strategy invests primarily in common stocks of companies with smaller market capitalizations located in developed and emerging markets outside the US. The strategy employs a quantitative stock selection process focused on attractively valued companies with superior earnings prospects and positive market sentiment.