4Q2020 – U.S. SMID Company Growth Commentary
The strategy taps into our small-cap investing expertise by seeking to capture attractive companies earlier in their lifecycle and allowing us to hold ‘winners’ for longer.
Perspectives
4Q2020 – Global Emerging Markets Growth Commentary
We are extremely pleased with the underlying business performance of our Portfolio companies in 2020, and we feel increasingly positive about their 2021 outlook.
4Q2020 – U.S. Small Company Growth Commentary
Our mindset differs from investors who try to capitalize on shorter-term price arbitrage–we seek companies that offer infinite opportunities through long-term compounding.
4Q2020 – International Small Company Growth Commentary
We believe that our investment approach is well-positioned to take advantage of the less efficient and relatively underfollowed market for small-cap companies outside the U.S.
4Q2020 – Focus Growth Commentary
We let our business-focused research guide our investment decisions, armed with our belief that business performance drives share prices over the long-term.
4Q2020 – Global Growth Commentary
Our conviction in the competitive advantages, sustainability, and durability of our businesses remains high, and we believe the Portfolio is well-positioned for the future.
4Q2020 – International Growth Commentary
We believe our commitment to investing through a disciplined and time-tested approach should continue to deliver compelling results today and after the crisis eventually abates.
3Q2020 – Global Emerging Markets Growth Commentary
Rather than concerning ourselves with market timing, we’re happy to add to our position and keep our eyes on the horizon.
3Q2020 – U.S. SMID Company Growth Commentary
We invest in companies that we think will benefit from long-term trends and have durable business models regardless of whether we are in a “risk-on” or “risk-off” market.
3Q2020 – U.S. Small Company Growth Commentary
We believe having conviction in the quality of our businesses and a focus on the long-term is paramount to navigating periods of heightened volatility.