2025 Market Outlook [PODCAST]
How will changes on the political front influence the financial markets?
How will changes on the political front influence the financial markets?
12/17/2024
FUND COMMENTARY
By Graham Wong, CFA, Senior Portfolio Manager | 10/31/2023
10/31/2023
Graham Wong, CFA, makes his case for investing in undervalued companies with improving trends as a part of his core value philosophy.
Host: Taking a step back, Graham, how do you define a value investing?
Wong: We manage the Fund with a more core value philosophy. We define value as the intrinsic value of companies relative to their return on invested capital profile. In other words, we’re looking for undervalued companies with improving or high profit trends. And the way we realize performance or value is that these companies have higher earnings over time and also gets a higher multiple by the market given their quality.
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