Fund Currently Managed
Commonwealth:New Zealand Fund (CNZLX), co-manager since August, 2002.
Investment Style Overview
Invests in small-to-mid-sized stocks of companies based in Australia or New Zealand, or that do at least 50% of their business in those countries. Seeks companies with growing earnings that can be sustained. Looks to buy stocks at attractive valuations. Keeps 10%-15% of the fund’s assets in fixed-income securities.
Key Stock Selection Criteria
* High, sustainable dividend yield.
* Strong balance sheet.