Emerging Markets
Browns Island Pedestrian Bridge
Riverfront; Richmond, VA
Browns Island Pedestrian Bridge
Riverfront; Richmond, VA
About Emerging Markets
Investment Objective
The Emerging Markets team seeks to provide a return that outperforms the MSCI Emerging Markets Index, net of our management fee, over a full market cycle.
Investment Overview
TSW’s Emerging Markets strategy applies a bottom-up, fundamental approach to investing. We seek stocks having a combination of three characteristics: mispriced shares relative to our estimate of intrinsic value, identifiable catalysts for positive change and upside potential that meaningfully exceeds downside risk over an 2-5 year time horizon.
Investment Process
TSW employs a disciplined investment process—applied and refined over decades—designed to identify attractive securities and to build portfolios to meet our clients’ objectives. Process, not herd instincts or emotion, drives every
Strategy Highlights
Repeatability: a tenured team executing a consistently applied process
A tenured team with over a decade of experience working in the industry
A time-tested approach
- Bottom-up, fundamental process
- Searching for mispriced stocks exhibiting signs of positive change
- Seeking favorable reward versus risk profile
- A long-term investment horizon
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Emerging Markets Trailing Performance
September 30, 2024
Benchmark: MSCI Emerging Markets Index (Net) (USD). The MSCI Emerging Markets Index captures large and mid cap representation across 24 Emerging Markets (EM) countries. The Index covers approximately 85% of the free float-adjusted market capitalization in each country. Benchmark Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Periods less than one year are not annualized. Performance represents the International Small Cap composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Benchmark: MSCI Emerging Markets Index (Net) (USD). The MSCI Emerging Markets Index captures large and mid cap representation across 24 Emerging Markets (EM) countries. The Index covers approximately 85% of the free float-adjusted market capitalization in each country. Benchmark Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Periods less than one year are not annualized. Performance represents the International Small Cap composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Sector Weights
September 30, 2024
Portfolio Characteristics
September 30, 2024
Benchmark: MSCI Emerging Markets Index (Net) (USD). Source: FactSet, MSCI (October 2024). Sector weights are run on a single account in the Emerging Markets composite and, due to rounding, may not add up to 100.0%.
Benchmark: MSCI Emerging Markets Index (Net) (USD). Source: FactSet, MSCI (October 2024). Characteristics are run on a single account in the Emerging Markets composite and is subject to change. Turnover data reflects one-year annualized data.
Region Weights
September 30, 2024
Benchmark: MSCI Emerging Markets Index Net (USD). Source: FactSet (October 2024). Country weights are run on a single account in the Emerging Markets composite and are subject to change. Due to rounding, totals may not add up to 100.0%.
Meet Our Team
Elliott is a graduate of University of North Carolina, BA and Wake Forest University, MA. He previously worked for Union First Market Bank as a Financial Services Advisor and was a Graduate Consultant at Pace Communications. He holds the Chartered Financial Analyst® designation.
Aashish is a Research Analyst on the Non-U.S. team focusing on Emerging Markets. Aashish began his career in the investment industry in 2014. Prior to joining TSW in 2024, he worked for Newport Asia LLC as an Equity Analyst. Previously he was employed with Barclays PLC as an Associate Vice President. Aashish graduated from Indian Institute of Technology, Madras and earned his MA from University of California, Berkeley. He holds the Chartered Financial Analyst® designation and the FRM® designation.
1Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor. Important information about the Fund can be found in the prospectus or summary prospectus which can be obtained at wwww.perpetual.com or by calling 1‑866‑260‑9549 or 1‑312‑557‑5913. Please read the prospectus or summary prospectus carefully before investing. The Perpetual Americas Funds are advised by Perpetual Americas Funds Services and distributed through Perpetual Americas Funds Distributors, LLC, member FINRA. The Perpetual Americas Funds are not FDIC‑insured, may lose value, and have no bank guarantee.
Data as of 09/30/2024
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Suite 600
Richmond, VA 23230
You are leaving TSW
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You are leaving TSW
You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
You are leaving TSW
You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
