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WCM Investment Management managing director Duff Daniels gives tips for investing internationally.
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-- -- WCM investment management advisors shares partnership ET -- which just celebrated its two year anniversary seeks to exploit inefficient international benchmarks.
Four returns to joining me today was more on its strategy for fighting long term growth trends in international markets.
-- -- Daniels managing director WCM investment.
Managing of one point six billion dollars.
Of assets under your umbrella and we talk about equities we talk about commodities but this is our chance -- -- profit for some international investing so.
I -- just start with that how do you play what are what are your top investment at this time.
You know we have investments around the -- everything outside the US and we currently have a lot of exposure to Latin America South America.
With some consumer names but in general one of the themes that we look for.
In all of our investments is the emergence of -- global middle class is a living that's a very long term secular growth trends that we can take advantage of.
RMI I don't people's eyes to glass over anything about let's talk about names that everybody knows like Louis Vuitton -- -- -- -- chocolate.
-- -- some of the names that would be on the under the category of these international investments -- particular.
ETF since that's what you ditto that you recommend.
Well we are actually a sub advisor for an ETF -- trades under the NYSE ticker symbol ADR and that's where we have a partnership with banking York Mellon and advisor shares.
In that ETF we own a basket of individual securities that are non US domicile companies for example he said Lori -- -- like cosmetics company in the world.
They are selling into these emerging economies where.
There's a trade up situation for these new consumers and for the very first time they're -- have this affordable luxury with things like cosmetics and so.
-- -- the you're worth it tag line and and they are having dominant market share in in Newark economies from countries like India right Brazil and in China.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well the company that we own typically are large well established multinationals -- they're getting revenues globally.
And where we're seeing the most incremental growth with both US companies annals of these non US companies is as they go into an exploit these new economies and emerging areas so.
Present -- -- -- you've got a trade up to premium luxury brand you've got there and well known for.
Let leather goods and handbags are also in the wine and -- -- with things like.
Don't carrying on -- and nausea and pain and so forth Louis Vuitton bags dumped carrying out sounds terrible terrible.
I want to talk about also just about sectors and you were talking about particular areas that you like.
Are there are sectors that you like I'm their Sharia so we the end of the international benchmark we believe are extremely inefficient these are benchmarks that are.
Heavily weighted toward financial has based materials and energy.
And so we tend to find opportunities and areas and more traditional conventional growth areas like health care technology and consumer.
All right and to think that's and in doing and bring you right back home to the states -- -- -- from Laguna Beach, California hence the tan.
Played -- -- -- -- -- expecting some easing or not that's right would have suffered through the summer in the -- beach for sure hand we expect Bernanke probably not gonna see anything new that we ever before.
All right we'll -- -- later write -- -- Daniels thank you so much.
Of WCM thanks a lot thank you come -- and I'd actually lose in the tanning --
