Fund manager focuses on small companies with a big domestic business
According to Roger Edgley, Developed markets have actually gotten riskier. As a result, they are focusing on small cap stocks focused on their home countries with high growth potential. Ex. Colgate-Palmolive, LIC Housing Finance, Cleanaway Co, Discovery Holdings, and Dah Chong Holdings. Seems like he is on the right path as the fund has gained about 21% annualized on average, according to Morningstar Inc. An approach that is helping them, is investing in countries that are less connected to developed economies, such as the Philippines. Edgley has hopes for the second half of the year if central banks cut rates. “It’s a good time for adding names.” Fund managers are finding ways to stay afloat in this choppy market environment, and steady growers with high growth potential is the way to maintain a steady business.