This strategy invests in developed non-US securities with a market capitalization of up to approximately USD 4.0 billion at purchase. The portfolio ranges from 70 to 120 issuers, and clients typically benchmark the strategy to the MSCI World ex US Small Cap Index.
Mondrian’s Small Cap Equity team is comprised of 7 investment professionals based in London, UK. Our portfolio managers take pointed views at both the market and security level. Each team member is assigned country and sector research responsibilities. We employ a consensus driven decision making process with the head of the team having the casting vote. Extensive dialogue amongst the group is paramount to ensure a consistent valuation approach.
Characteristic
Mondrian
MSCI World ex-US Small Cap Index
P/E (trailing 12 months)
14.6
17.5
P/B (trailing 12 months)
1.7
1.4
Price/Cash Flow
7.7
8.7
Dividend Yield (%)
3.7
2.9
Number of Holdings
72
2,183
Weighted Average Market Cap (million,
USD)
3,361
3,761
Median Market Cap (million, USD)
2,434
1,667
Information Ratio (3 years)
-0.99
This marketing material is designed for professional investors only. An investment involves the risk of loss. Past performance is not indicative of future results. The investment return and value of investments will fluctuate.
This introductory material is for informational purposes only and is not an offer or solicitation with respect to any securities. Any offer of securities can only be made by written offering materials, which are available solely upon request, on an exclusively private basis and only to qualified financially sophisticated investors residing in jurisdictions consistent with Mondrian’s regulatory authorisations. The information set forth herein is a summary only and does not set forth all of the risks associated with the investment strategy described herein. The products and services described in this website are not available to investors in all jurisdictions. Information from this website must not be used in a way that would be contrary to local law or legislation.
The shares of small- and medium- capitalization companies can be more volatile than larger companies.
Performance results marked “Gross” do not reflect deduction of investment advisory fees but are net of transaction costs and withholding tax. Investment returns will be reduced accordingly. Performance returns marked “Net” reflect deduction of investment advisory fees and are calculated by deducting a quarterly indicative fee from the quarterly composite return.
This introductory material is for informational purposes only and is not an offer or solicitation with respect to any securities. Any offer of securities can only be made by written offering materials, which are available solely upon request, on an exclusively private basis and only to qualified financially sophisticated investors residing in jurisdictions consistent with Mondrian’s regulatory authorizations. The information set forth herein is a summary only and does not set forth all of the risks associated with the investment strategy described herein.
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