In today’s low-growth world, companies that can grow their earnings attract a premium. Whether it’s emerging Australian companies like Afterpay and Appen, big US tech firms like Zoom or Apple, or even low-but-steady growers like Johnson and Johnsons or Sydney Airport, prices today are at a level that wouldn’t have seemed reasonable in other cycles. But one area where reasonable valuations can still be found is emerging markets, and David Paradice, founder and Managing Director of Paradice Investment Management, believes he’s got just the team for the job. Edward Su and Michael Roberge have worked together on emerging markets portfolios for six years now. David believes they embody the principles of accountability, responsibility, and performance that he’s always looked for in the other Paradice funds.
In this video, Edward, Michael, and David discuss how they filter their investment universe down to identify pockets of opportunity, how valuations in emerging markets compare to those in developed markets, and which countries are currently throwing out plenty of investment opportunities.
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