Bergen Park is an experienced manager of foreign smaller companies, a capacity constrained market segment for which there is a compelling long-term investment case.
Foreign Equities – Compelling Value:
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Foreign equities have significantly lagged their US counterparts since 2009.
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International markets are less expensive than domestic equites across most valuation metrics.
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Many US investors are underweight foreign equities.
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Approximately three quarters of the world’s small and mid-cap companies are located outside the US.
Small and Mid-Cap Foreign Equities – Inherently Inefficient:
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International small and mid-cap stocks often receive less attention from both buy-side and sell-side institutions.
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Larger, more widely followed stocks tend to dominate the focus of institutional investors and research analysts.
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This lack of attention can create opportunities for active investors who conduct their own in-depth research.
