Supply chain opportunities
May 19, 2022 | Global Alpha Capital Management
We discuss the implications of supply chain disruptions and abrupt changes in market conditions, and the impact it could have on our portfolios.
A concentrated portfolio of global, international, and emerging markets small
capitalization stocks employing a fundamental approach to identify companies
with unrecognized and accelerating earnings growth potential.
Highlights
Small Cap Specialist: Exclusively focused on the small cap market
Experienced and Stable Team: Seasoned partners with proven investment results
Rigorous Research: Detailed fundamental research supported by management meetings and secular themes
Robust Portfolio Construction: High conviction portfolios driven by security selection and designed to mitigate factor risks
Philosophy
Earnings growth per share drives stock prices
Secular growth themes support outperformance
Identify good companies with unrecognized growth potential
Long-term investment horizon for value realization
Investment process
Research Prioritization of 11,000 names
Engage with companies, including around 1,000
management meetings per yearAnalyze the universe based on capitalization and quality metrics
Fundamental Research
Rigorous bottom-up analysis on 250-300 names
Seek undiscovered value in companies with strong earnings growth
Forecast intrinsic value using a range of valuation tools
Investment Themes
Find companies expected to benefit from secular growth themes
Environment, Social & Governance
ESG factors integrated into investment analysis
Utilize proprietary scoring system designed for the small-cap universe
Portfolio Construction & Risk Management
Build high conviction portfolios of 50-70 stocks
Focus on adding value from security selection and minimizing factor risk
Global Small Cap Strategy
A concentrated portfolio of global small capitalization stocks employing a fundamental approach to identify companies with unrecognized and accelerating earnings growth potential.
International Small Cap Strategy
A concentrated portfolio of non-North American developed countries (EAFE) small capitalization stocks employing a fundamental approach to identify companies with unrecognized and accelerating earnings growth potential.
Emerging Small Cap Strategy
A concentrated portfolio of emerging markets small capitalization stocks employing a fundamental approach to identify companies with unrecognized and accelerating earnings growth potential.
Insights
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Now hiring? Good luck with that!
May 12, 2022 | Global Alpha Capital Management
We discuss factors contributing to what some experts in the U.S. are calling the tightest labour market in 70 years.
The myth of inflation in Japan
May 5, 2022 | Global Alpha Capital Management
In this week’s commentary we discuss low inflation in Japan.
When most countries are wrestling with rising inflation, Japan is the outlier.
Consumer behavior and the service economy
April 28, 2022 | Global Alpha Capital Management
We discuss the impact higher input prices are having on household sentiment, consumer behavior, and the service economy.
Make space for the new FANG
April 21, 2022 | Global Alpha Capital Management
We discuss the old school industries giving the term FANG a new meaning.
In 2013, the investment world was introduced to the term FANG by CNBC’s Mad Money host.
Is 3 the new 2
April 14, 2022 | Global Alpha Capital Management
In this week’s commentary we predict that a 2% inflation goal in the U.S. is not achievable for many years to come.
Vive la re-election
April 7, 2022 | Global Alpha Capital Management
We discuss market reaction over the ongoing presidential election in France and provide an update on three of our French holdings.
The road to sustainable mobility
March 31, 2022 | Global Alpha Capital Management
Mobility is essential to our daily life and economic growth, yet moving people or goods from place to place has a great impact on the environment. In this week’s commentary we discuss the road to sustainable mobility.
Water we going to do
March 24, 2022 | Global Alpha Capital Management
In honour of World Water Day which took place on March 22, we discuss water scarcity and two companies we have exposure to in the water management sector.
Bank to the Future
March 17, 2022 | Global Alpha Capital Management
In this week’s commentary, we discuss the rise of digital banking in emerging markets and how our holding Banco Regional is looking to leverage opportunities in this space.
China: History doesn’t repeat itself but it often…
March 10, 2022 | Global Alpha Capital Management
Over the past year, the Chinese economy has undergone changes aimed at stabilizing the long-term sustainability of its economy.
Australia
March 3, 2022 | Global Alpha Capital Management
In this week’s commentary we discuss the end of Australia’s streak as the longest period of economic growth in modern history, as well as our exposure to names in the Australian services industry.
Russia-Ukraine
February 28, 2022 | Global Alpha Capital Management
In this special commentary we share our analysis of the impacts the current situation in Ukraine will have on financial markets and our portfolios.
Energy as a secular trend
February 24, 2022 | Global Alpha Capital Management
In this week’s commentary we discuss the energy transition to renewables as a secular trend.
Meta…What?
February 23, 2022 | Global Alpha Capital Management
In this week’s commentary we discuss the rise of the metaverse and the emerging investment opportunities.