Ivy Investment Management Company (IICO) is offering investors the potential to gain exposure to smaller international companies through the new Ivy IG International Small Cap Fund.
The fund seeks smaller-capitalisation (less than USD10 billion) companies outside North America that exhibit perceived growth at a reasonable price.
The fund is sub-advised by IG International Management, a firm with a global focus that introduced its first international small cap fund in 2002. This represents the first partnership between IG International and IICO.
“One of our strengths is the ability to complement our investment team with outside partners that bring knowledge and skill in unique categories,” says Thomas W Butch (pictured), president and CEO of Ivy Distributors. “IG International is an example of that, as we broaden the Ivy line-up with a focus on an asset class that has not been as widely available in the US, giving investors the opportunity to increase international exposure and diversify portfolios.”
The fund is managed by Martin Fahey, a 28-year industry veteran, and Bryan Mattei, a 10-year industry veteran. Together they select fund holdings through a proprietary, fundamentally driven stock selection process while incorporating a top-down view for thematic drivers.
“Interest in international small caps has been driven by a combination of outperformance, attractive valuations and innovation among smaller companies,” says Fahey. “We believe successful small cap investing requires the identification of under-valued, under-appreciated companies with growth potential, taking into account competitive advantages.”
