Perspectives

4Q2021 – Global Emerging Markets Growth Commentary

We maintain our focus on companies that can self-fund their growth

Our singular focus on process over prediction should continue to drive great outcomes

We believe our Portfolio companies are positioned for continued success regardless of the market backdrop

We remain focused on our goal of finding high-quality compounders

Our consistent and disciplined investment approach keeps us focused on what we view as the most sustainable growth companies

We aim to lean in when we find dominant businesses that meet our investment guardrails and have the wind at their back

In our experience, Portfolios positioned for double-digit earnings growth are likely to outpace their Indices in the long run

While we acknowledge the risks in some Chinese companies have increased, we are still very optimistic about the investment opportunities.

The global pandemic cemented permanent behavior changes related to the new digital landscape, which we view as a structural, long-term trend.

In our view, we are well-positioned to capitalize on what we anticipate being a period of continued high levels of growth.