Building momentum via a versatile investment
October 8, 2026
The UK government has made infrastructure investment a cornerstone of its growth agenda, with plans spanning energy, defence, transport and regional development.
Emerging Markets Small Cap
Objective
Added Value: MSCI Emerging Markets Small Cap Index (net) +3% per year over a full market cycle
Tracking Error: 4% – 8% per year over a full market cycle
Portfolio Turnover: 30% – 50% of names per year
The strategy’s objectives are targets only. The strategy’s added value or tracking error objectives may be based, in part, on the historical performance and the volatility of the strategy. Added value objectives are hypothetical and are neither a guarantee nor a prediction or projection of any future performance and are not to be relied upon as such. Actual performance may differ materially, including due to market or economic factors, portfolio management decisions or other reasons.
Quick Facts
Inception Date:
July 30, 2021
All data as at: Sep 30, 2026
Geographic Mix
Taiwan
25.05%
India
19.05%
Korea, Republic of
15.21%
China
11.71%
Poland
4.81%
Brazil
4.57%
Mexico
3.42%
Turkey
2.77%
Canada
2.37%
South Africa
2.34%
Greece
1.65%
Saudi Arabia
1.42%
Indonesia
1.12%
Philippines
1.10%
Thailand
1.07%
Hong Kong
0.80%
Malaysia
0.79%
United Kingdom
0.76%
Sector Allocation
Information Technology
23.89%
Industrials
21.19%
Consumer Discretionary
11.43%
Health Care
10.97%
Financials
9.42%
Materials
7.66%
Consumer Staples
5.81%
Communication Services
2.75%
Real Estate
2.67%
Utilities
2.41%
Cash
1.27%
Energy
1.18%
Other
-0.66%
Contact Us
For additional information on the Global Alpha International Small Cap Strategy please contact:
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales,
Global
Tel: +1 (438) 944-9136
Email: [email protected]
Eric Hasenauer
Senior Vice President,
Co-Head of Institutional Sales,
USA
Tel: +(917) 945-0960
Email: [email protected]
John Ricketts
Senior Vice President,
Co-Head of Institutional Sales,
USA
Tel: +1 (203) 615-4847
Email: [email protected]
Carlos Stelin
Director,
Institutional Sales,
Europe
Tel: +44 (0)203 535 8107
Email: [email protected]
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Fixing the strategic small cap underweight: Part 2
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What recent small-cap performance means for portfolio allocation decisions and why common objections to the asset class may need to be revisited.
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Necessity, the mother of invention
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Narrow strength, rising risk
May 7, 2026
Earnings are proving resilient – but leadership is narrowing, and macro risks are rising.
Infrastructure investment: The tools, materials and makers powering civil works
April 23, 2026
Infrastructure spending is accelerating and the most durable opportunities often sit in civil works and maintenance.
Sedimentary, my dear Watson: Lime and limestone applications across industries
April 9, 2026
Lime and limestone uses are often overlooked, but they actually sit at the centre of Europe’s industrial system.
From renewable buildout to grid integration: What Europe needs to support its energy transition
March 23, 2026
A look at the “picks-and-shovels” layer of the energy transition: the cable and grid systems required to deliver, scale and monetize renewable electricity in Europe.
Sleep on this: From better rest to better returns
March 12, 2026
As spending shifts toward wellness, travel and lifestyle balance, the growing sleep economy is emerging as a compelling long‑term investment theme.
For additional information on Global Alpha Capital Management Ltd., please contact:
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales,
Global
Eric Hasenauer
Senior Vice President,
Co-Head of Institutional Sales,
USA
John Ricketts
Senior Vice President,
Co-Head of Institutional Sales,
USA
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Global Alpha Capital Management Ltd.
December 20, 2021