Salt Lake City, Utah, October 1, 2019—Wasatch Global Investors announced today the launch of the Wasatch International Select Fund and the Wasatch Global Select Fund.
These two new funds will invest in a select portfolio of 20 to 40 companies while offering broad diversification among countries and sectors. The new funds maintain the flexibility to invest in companies of all sizes but will focus on mid caps, with a sweet spot generally below $20 billion. The Global Select Fund will invest in companies in countries in developed, emerging and frontier markets, including the United States, while the International Select Fund will invest in companies in foreign developed markets, excluding the United States.
Mike Valentine, Portfolio Manager of the Global Select Fund, said, “We’ve spent over 40 years developing unique expertise in the small- and micro-cap space. As such, we believe Wasatch has a competitive advantage over other investment managers in a market segment that shows impressive growth potential—global mid caps. While traditional managers may selectively ‘dip down’ and be faced with the daunting number of mid–cap companies, we already have firsthand knowledge of many mid caps because we had been researching them as small caps for years.”
Consistent with Wasatch’s investment philosophy, the two new Select funds focus on quality companies—many of which Wasatch has followed since they were small—that meet its exacting investment criteria and have positioned themselves for long-term growth. Having graduated from the small-cap space, many of these companies are now market leaders within their respective countries and industries, yet still have room to grow. The funds are constructed using Wasatch’s time-tested, bottom-up process which focuses primarily on the prospects of individual companies.
The Wasatch Select Approach
Wasatch Select Funds Fact Card
About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned, investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $18.4 billion in assets under management as of August 31, 2019. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Mutual fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Being non-diversified, the Funds can invest a larger portion of their assets in the stocks of a limited number of companies than a diversified fund. Non-diversification increases the risk of loss to the Funds if the values of these securities decline. The investment objective of the International Select Fund and the Global Select Fund is long-term growth of capital. The Funds are new and have a limited operating history.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700. Please read it carefully before investing.
Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Eric Bergeson is a registered representative of ADI. ADI is not affiliated with Wasatch Global Investors.