Wasatch Global Investors Launches Two New Funds

https://dailyalts.com/wp-content/uploads/2019/10/55e9dd4b4e51b114a6d98074cf213576083edbe35a58764a74297d_640.jpg

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.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/10_sound_box_2.0_payment_terminal_storage_optimization-2-800x500-1.jpg
FinTech: India’s PayTM Gets Heat From Proxy Advisory Firm
August 12, 2022     FinTech, News

Proxy advisory firm Institutional Investor Advisory Services India Ltd. (IiAS) has issued a note ahead of PayTM’s (NSE: PAYTM) annual shareholders’ meeting on August 19 calling for the replacement of…

https://dailyalts.com/wp-content/uploads/2022/08/planet-g69e0d7747_640.jpg
Venture Capital: Lockheed’s Venture Arm To Boost Investment In Space Startups
August 12, 2022     News, Venture Capital

Lockheed Martin (NYSE: LMT) and its venture finance arm Lockheed Martin Ventures plans to boost the latter’s investment outlay from $200 million to $400 million.

https://dailyalts.com/wp-content/uploads/2022/08/picpay-lover.jpg
Digital Assets: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services…

https://dailyalts.com/wp-content/uploads/2022/08/one-braham-logo-2.jpg
FinTech: Telecom Behemoth BT Adds Barclaycard Payments To Partnership Network For Micro-Businesses
August 12, 2022     FinTech, News

BT (LON: BT.A), the telecom major, announced that Barclaycard Payments had joined its partnership network seeking to help the growth of UK microbusinesses. BT customers with 0-5 employees would get…