Insights

Executive Summary ♦  The inclusion of ESG factors is essential in understanding risk-adjusted returns. ♦  Implemented in a systematic and consistent manner, ESG incorporation can be effectively integrated into a value investment philosophy. ♦ Analysts adopting a holistic approach, rather than ESG specialists operating in silos, creates greater efficiency and context. ♦ Mondrian’s long-term, scenario-based […]

Executive Summary ♦ Emerging Markets Debt is a sizable and growing asset class offering much higher yields than traditional fixed income ♦ Given idiosyncrasies and exploitable inefficiencies, the asset class lends itself to active management ♦ Mondrian’s systematic and consistent approach to portfolio construction has yielded strong long- term results ♦ Current valuations, especially in […]

The Markets in Financial Instruments Directive II (MiFID II) takes effect in January 2018. This regulation increases transparency in investment management fees and charges. As an investment manager headquartered in the UK, Mondrian Investment Partners is subject to MiFID II. MiFID II requires European-based investment managers to pay for externally-acquired research from a separate payment […]

By Andrew Miller, Chief Investment Officer – Emerging Markets Equity When we started managing emerging market (EM) equities in 1996, consultants and clients questioned if value investing was appropriate in the asset class, some even laughed at the prospect. The argument being that emerging markets was a growth asset class and value investing wouldn’t work or be applicable […]