Templeton Global Equity Select Composite

The strategy seeks long-term capital growth by investing primarily in the equity securities of companies located anywhere in the world, including emerging markets.

OVERVIEW

STRATEGY SUMMARY

  • Our time-tested investment approach focuses on identifying stocks trading at a significant discount to their longer-term business value based on our estimates of future normalized earnings and cash flow generation.
  • We utilize a disciplined, consistent investment process that is based on our philosophy of value, patience and bottom-up stock picking.
  • Templeton’s long-term perspective and in-depth research give us the insight and conviction to purchase out-of-favor securities and the patience to wait for potential value recognition.

BENCHMARK

  • MSCI All Country World Index-NR

COMPOSITE PROFILE

A multi-page overview highlighting the composite performance, portfolio characteristics, investment process, management team and commentary.

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The best bargains, in our view, are those stocks having the lowest prices in relation to possible earning power of future years.” - Sir John Templeton (October 1957)

OUR APPROACH

Investment Philosophy

Templeton utilizes a disciplined, consistent approach based on three timeless principles of investing:

  • Value: Our flexible approach is applied within a disciplined framework and seeks to identify companies trading at large discounts to their business value.
  • Patience: Our long-term focus gives us a framework to take advantage of price volatility to reveal potential long-term investment opportunities. Patience allows for potential long-term value recognition.
  • Bottom-up stock picking: Our portfolio management process seeks to buy pessimism and sell optimism. We build portfolios spanning regions and sectors made up of securities identified through this process.

Investment Process Summary

  • Identify Potential Bargains: Detailed industry analysis, regional influences, quantitative and qualitative assessment, identify material ESG issues.
  • In-Depth Fundamental Analysis: Five-year financial forecasts, management/supplier/competitive evaluation, risk/reward modeling, recommendation of Bargain List candidates.
  • Research Team Evaluation: Presentation of investment thesis, investment and ESG debate and critique, research approval.
  • Bottom-up Portfolio Construction: Investment parameters, industry and sector framework, build and diversify portfolio, long-term approach.
  • Portfolio Monitoring and Risk Management: Ongoing valuation analysis, ongoing ESG monitoring, disciplined sell methodology, ongoing peer review and risk analytics.

OUR TEAM

Peter Moeschter, CFA

Peter Moeschter, CFA
Executive Vice President,
Portfolio Manager,
Research Analyst
Templeton Global Equity Group
With firm since: 1997

Heather Waddell, CFA

Heather Waddell, CFA
Executive Vice President
Portfolio Manager, Research Analyst
Templeton Global Equity Group
With firm since: 1996

Antonio Docal

Antonio Docal, CFA
President - Director of Portfolio Management, Portfolio Manager, Research Analyst
Templeton Global Equity Group
With firm since: 2001