Wasatch Global Investors Launches Two New Funds
The funds focus on global companies with a market cap of under $20 billion
Wasatch Global Investors has launched two new mutual funds.
They are the Wasatch International Select Fund (WAISX and WGISX) and the Wasatch Global Select Fund (WAGSX and WGGSX). The Salt Lake City-based investment manager – with $18.4 billion in AUM – released details of the funds Tuesday.
According to its press release, both funds will tap into 20 to 40 companies with a broad allocation to different countries and sectors. The funds will be flexible in the types and sizes of companies it considers. However, the team will focus on mid-cap firms with a market cap of less than $20 billion.
Wasatch Global Investors’ fund strategy
The Global Select Fund will focus on firms in developed, emerging, and frontier markets. Meanwhile, the International Select Fund will center its focus on foreign developed markets, excluding the United States.
“We’ve spent over 40 years developing [a] unique expertise in the small- and micro-cap space,” said Mike Valentine, Portfolio Manager of the Global Select Fund. “We believe Wasatch has a competitive advantage over other investment managers in a market segment that shows impressive growth potential—global mid-caps.”
Finally, Wasatch’s investment philosophy has centered on quality companies that have evolved from small-cap stocks. The firm’s investment criteria have a focus on long-term growth.
“Having graduated from the small-cap space, many of these companies are now market leaders within their respective countries and industries, yet still have room to grow,” the firm said in a statement. “The funds are constructed using Wasatch’s time-tested, bottom-up process which focuses primarily on the prospects of individual companies.”
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