Product Attributes
- Investment universe includes any companies with a minimum market capitalization of $1 billion
- Unhedged portfolio of 35-45 holdings, diversified at both the sector and country level
- Sector, country weights based on bottom-up fundamentals, not index construction
- Cambiar’s quality and value bias will result in portfolio overweight to developed markets, subsequent underweight in Emerging Markets
- Product is available in an ordinary-share or ADR-only structure
Risk Controls
- Maximum individual position size of 5% (at cost)
- Maximum sector and country weight of 25% (at cost)
- Maximum emerging market limit of 30% (at cost)
- Disciplined sell process as stocks approach their target price
- Formal review for any underperforming holdings
- Ongoing portfolio review process
Decision-Making
- All portfolio buy and sell decisions are made in a collective manner by the Cambiar investment team
