International Portfolio

IMVA’s International Portfolio invests in the equity securities of international companies (ex-U.S.) that trade on U.S. market exchanges; nearly all will be listed as American Depository Receipts (“ADRs”).

The Portfolio Managers seek to find high quality growth companies that can give investors exposure to economic growth in emerging and developing markets. The portfolio may, at times, own ETFs (Exchange Traded Funds) that are believed to provide targeted exposure toward specific countries, regions, or markets.

The research process combines macroeconomic analysis of regions and countries in conjunction with the fundamental analysis of individual securities. The objective of this research is to assemble, for long-term ownership, a diversified portfolio of leading international companies that can harness and capitalize on the business opportunities in rapidly growing countries/economies. IMVA’s proprietary screening process attempts to identify companies that have superior long-term earnings and/or dividend growth prospects. Valuation parameters for specific investment decisions include balance sheet strength, projected earnings growth, and relative strength metrics.

Some sectors or regions of the global economy may be overweighted due to the nature and goals of the portfolio, but the Portfolio Managers will endeavor to mitigate excessive concentration and risks in any one region or theme.

A typical IMVA International Portfolio account will own 35-50 investment securities.

Download the full description of the International Portfolio in PDF format:

4Q15 International Portfolio Presentation