Manager finds EMs 'super, super attractive'

There is a significant gap between price-to-earnings for developed markets relative to emerging markets, says Brandes Investment Partners’ Christopher Garrett

Diana Cawfield 13 June, 2019 | 3:10AM

BrazilWhen it comes to investing in emerging markets, Christopher Garrett credits the discipline of a value approach for the success of the silver-rated Brandes Emerging Markets Value Fund F.

“It’s really being able to look through some of the market noise, and focus on buying companies at a discount to their value at what we think they’re worth,” says Garrett, director, institutional group and portfolio manager at Brandes Investment Partners, L.P. The firm, based in San Diego, is the sub-advisor for the fund that is distributed by Bridgehouse Asset Managers in Canada.

The four-member team think about investing for a three-to-five year period, “and I think that makes a big difference in your perspective on the markets as well as the investments that you’re looking at,” he says.

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Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.