A World of Opportunities

Finding Growth Opportunities Outside the U.S. in a Decelerating Growth Environment

By Laura Granger, CFA - July 2019

Key Takeaways

  • Non-U.S. equities have underperformed U.S. equities over the last 12 months, and the near-term outlook appears grim.
  • Despite this pessimism, our research suggests opportunities exist across numerous sectors in a variety of markets.
  • American Century Investments’ Non-U.S. Growth team is finding attractive opportunities where growth is driven by strong global secular trends and company-specific, idiosyncratic drivers.
  • The team adheres to a disciplined process that approaches investing from the bottom-up stock selection perspective. We believe our process can help identify opportunities in any market environment.

In this paper, we explain why we believe investing in non-U.S. equities has been challenging over the past year. We discuss how our investment process helps lead to identifying high-quality companies domiciled outside the U.S. that we believe represent attractive opportunities despite the current environment and provide specific examples of companies that have seen positive earnings revisions.

Laura Granger, CFA
Laura Granger, CFA
Senior Client Portfolio Manager

A World of Opportunities

Finding Growth Opportunities Outside the U.S. in a Decelerating Growth Environment

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Non-U.S. Growth Performance

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      Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.