Strategy
Emerging Markets
The Driehaus Emerging Markets team focuses on investing in emerging markets securities of all capitalizations, through the Driehaus Emerging Markets Growth, Driehaus Emerging Markets Opportunities and Driehaus Emerging Markets Small Cap Equity strategies. The strategies provide investors with exposure to companies experiencing growth inflections in addition to positive earnings revisions and medium-term (price) momentum, two factors that are positively correlated to alpha generation. The team is led by portfolio managers Howard Schwab, Chad Cleaver and Richard Thies.
Institutional Investors
Our institutional sales team will be pleased to address questions and requests related to separately managed accounts and/or institutional commingled vehicles that employ our investment strategies.
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Driehaus Emerging Markets Growth Strategy
View DetailsDriehaus Emerging Markets Growth Strategy
The strategy seeks to outperform the MSCI Emerging Markets Index over full market cycles.
Facts
- Strategy Inception Date
- Jan 01, 1997
- Total Strategy Assets
As of Jan 31, 2021
- $5,758M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Institutional Commingled Accounts
- Minimum Initial Investment
- $1M
Driehaus Emerging Markets Small Cap Equity Strategy
View DetailsDriehaus Emerging Markets Small Cap Equity Strategy
The strategy aims to outperform MSCI Emerging Markets Small Cap Index.
Facts
- Strategy Inception Date
- Feb 01, 2016
- Total Strategy Assets
As of Jan 31, 2021
- $90M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Driehaus Emerging Markets Opportunities Strategy
View DetailsDriehaus Emerging Markets Opportunities Strategy
The strategy seeks to provide superior risk-adjusted returns and higher total return than the MSCI Emerging Markets Index over a full market cycle.
Facts
- Strategy Inception Date
- Jul 01, 2015
- Total Strategy Assets
As of Jan 31, 2021
- $58M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Philosophy & Process
The team employs a growth-oriented investment philosophy focusing on identifying company-specific growth inflection points and exploiting associated marketplace inefficiencies. Our philosophy hinges on a belief that market expectations tend to be ‘anchored’ to historical information and that points of inflection therefore introduce dislocations between market expectations and fundamentals which generate significant alpha capture opportunities. The team combines fundamental, macro and behavioral analysis with a nimble/active investment approach to quickly identify inefficiencies and generate a portfolio which uniquely seeks to achieve superior aggregate growth rates as well as superior risk characteristics.
Featured Commentary
The Portfolio Value of Chinese Government Bonds
We have written in the past about our belief that Chinese Government Bonds (CGBs) are an essential holding for the Driehaus Emerging Markets Opportunities Fund. When we initially made this argument a few years ago, it was met with some skepticism, but given the incredible inflows the market has seen of late, that view is becoming more widely appreciated. In short, the CGB market offers real yield, a rarity in major sovereigns currently, and exposure to a strong currency. Most importantly, it’s an effective hedge to other market risks.
Driehaus Emerging Markets Opportunities December 2020 Commentary and Attribution
The past year revealed a lot about the realities of emerging market investing. In more ways than one, emerging market equities are truly just like us. In this month's commentary, we highlight the two most important growing similarities.
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