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In the face of today’s coronavirus influenced market, value-based investment managers have a different perspective on the plummet in stocks prices. Luiz Sauerbronn, a portfolio manager and director of investments at Brandes Investment Partners in San Diego, California, did not waiver from his core philosophy, despite a decade of being out of favour. Maintaining the discipline has earned a Bronze-rating for the Brandes Canadian Equity Series F mandate.
“The last 10 years in particular,” says Sauerbronn, “have been very tough for value investors like us. I guess I’m optimistic in what we’re able to invest in today; some good companies are available at attractive prices. I’m excited because everything is on sale!”
A valuable new beginning
Sauerbronn’s optimism is grounded in the Benjamin Graham value approach of seeking sound companies that are out of favour because of market conditions or short-term influences on a business. The global, long-tenured research team includes 24 analysts and more than 30 research associates.
