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.”

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News

Alternative Investments/Digital: Two Canadian Fund Managers Launch Metaverse Themed ETFs
December 1, 2021     Alternative Investments, Digital Assets, News

Canadian fund managers Horizons ETFs and Evolve Funds have launched the Horizons Global Metaverse Index ETF (“MTAV”) and the Evolve Metaverse ETF (“MESH”) respectively, on the Toronto Stock Exchange.

Digital Assets: Grayscale Launches Solana Trust, Protests SEC Rejection Of VanEck Spot Bitcoin ETF
December 1, 2021     Digital Assets, News

Grayscale Investments announced Tuesday the launch of the Grayscale Solana Trust to provide investors with exposure to Solana (SOL), the native token of the Solana network, a smart contract platform…

Venture Capital: Digital Temp Staffing Startup Jobandtalent Snags $500M Series E
December 1, 2021     News, Venture Capital

Madrid-based temp staffing marketplace Jobandtalent announced the closure of its Series E raise of $500 million at a valuation of $2.35 billion from Kinnevik and SoftBank Vision Fund 2. Existing…

FinTech: BNPL Was “One Of The Stars” Of The Holiday Season For PayPal
December 1, 2021     FinTech, News

PayPal (NASDAQ: PYPL) enjoyed solid volumes for its buy-now-pay-later (BNPL) offering on Black Friday, continuing a trend the giant payments fintech observed all through November. In that month, for the…