Finding Absolute Value in a Growth-Driven Market

By Al Polit - April 11, 2019

Headed into the second quarter of 2019, we’re seeing two types of tailwinds benefiting our Non-U.S. Intrinsic Value Strategy: a marketplace that is extrapolating short-term results into the future, and undervalued emerging market currencies.

What does that mean for my investment portfolio? We’re overly allocated in the financials space, and I also see opportunity in consumer discretionary and emerging markets. And at a more granular level, two companies I like right now are Kingfisher and BNP Paribas.

Watch my quarterly outlook video, below, for a deep dive into all of these topics.

Transcript

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Non-U.S. Intrinsic Value

Non-U.S. Intrinsic Value is a bottom-up, absolute, intrinsic value strategy that adheres to the principle of margin of safety in constructing a benchmark agnostic portfolio of approximately 40 to 60 securities.

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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.

      References to specific securities are for illustrative purposes only, and are not intended as recommendations to purchase or sell securities. Opinions and estimates offered constitute our judgment and, along with other portfolio data, are subject to change without notice.

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