Morningstar Advisor - December 2013/January 2014 - (Page 58)
Undiscovered Manager
Frequent Fliers
By Rob Wherry
Offerings from Oberweis, Rainier, and Seafarer are proving
even small funds can be competitive when it comes to picking
stocks across the globe.
Andrew Foster is used to spending hours
on a plane as he searches the globe for stocks
he believes are undervalued. A recent 10-day
trip spanned more than 15,000 miles as he
visited with more than a dozen management
teams in Mumbai and Hong Kong.
Only a typhoon kept him from traveling to
mainland China. Such due-diligence trips
are routine for Foster, who launched emergingmarkets fund Seafarer Overseas Growth &
Income SFGIX in 2012 after almost a decade of
58 Morningstar Advisor December/January 2014
successfully guiding offerings at Matthews
International Capital, the parent firm for the
Matthews Asia funds.
"You want to make sure reality matches your
analysis," Foster says. "It's worth the trip if you
come back with one good idea."
Foster and peers such as Ralf Scherschmidt
of Oberweis International Opportunities OBIOX
and Henrik Strabo of Rainier International
Discovery RISAX are part of a cadre of
managers running small funds that are trying
to keep pace with their bigger brethren
in Morningstar's international fund categories.
Their funds may not have the long performance
records of, say, Gold-rated Oakmark
International OAKIX. But the managers have
proven themselves at their current funds
and previous charges. Indeed, the Seafarer and
Rainier funds are in the top quintile of their
respective peer groups in 2013, while Oberweis
Table of Contents for the Digital Edition of Morningstar Advisor - December 2013/January 2014
Morningstar Advisor - December 2013/January 2014
Contents
Contributors
Letter From the Editor
What’s Your Purpose?
Working for Gen Y
How to Allocate College Savings
Mobius Looks to a New Frontier
Investments á la Carte
Investment Briefs
How to Manage Bonds for Today and Tomorrow
Cloud Is the New Engine of Growth
Knowing Where to Look
Economic Vulnerability Varies by Country
Factor Investing in Emerging Markets
Following the Rules
Exploring Indexing’s Next Frontiers
Frequent Fliers
Family Blind Spots
Optimal Portfolios for the Long Run
Finding Value in a Pricey Sector
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
The Emerging-Markets Roller Coaster
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