Given the complexities of our geopolitical and macroeconomic environment, choosing to hide within our North American investment universe may feel like a comfortable alternative. So, with a diverse set of quality companies close to home, it begs the question: when it comes to investing internationally, is it worth the effort?

Q2 2022 hedge fund letters, conferences and more

Since our first Japanese investment in 1998, Burgundy’s team has demonstrated that there are many advantages to broadening our horizons. In this panel, which was featured during the 2022 Burgundy Forum, our Asian, European, and Emerging Markets team members share their perspectives on the current conflicts and central bank policies, discuss how this is affecting their opportunity set, and provide an outlook on their respective portfolios.

For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.

VIDEO #1: CONSIDERING THE GEOPOLITICAL RISKS:
RUSSIA AND CHINA

Amid mounting geopolitical concerns in Russia and China, Ken, Craig, and Ching add context to the headlines, revealing what they are witnessing in their environments, and how they consider macro risk alongside portfolio management.

VIDEO #2: THE QUALITY “HEDGE” AGAINST INFLATION

With inflationary concerns top of mind, Ken and Craig define what quality means to them. They explore why businesses with competitive advantages and product differentiation may act as a hedge against inflation, regardless of the Fed’s actions and broader economic activity.

VIDEO #3: EMOTIONS & EXPECTATIONS

Craig and Ching discuss how they rely on a well-tested investment process to manage their emotions and find opportunity. In addition, Ching explores today’s low expectation and attractive valuation in the emerging markets.

Read the full article here by, Caroline Montminy, Ching Chang, Craig Pho, Kenneth Broekaert.