FYI:
Regards,
Ted
May 23, 2019
Dear WEALTHTRACK Subscriber,
With episodic exceptions the U.S. has been the place to invest since the global financial crisis. There have been occasional bouts of outperformance by European and emerging markets, specific geographical locals and individual countries but overall, the U.S. markets trajectory has been higher, the U.S. economy stronger and the dollar dominant.
The past year is a case in point. No matter where you looked around the world currencies weakened against the dollar. From the Japanese yen and the Swiss franc, to the Indian rupee and the South Korean won, to the British pound and the Euro to the Chilean peso and Brazilian real.
It’s been a challenging time for global investors, especially those running international funds. This week’s guest is up to the challenge and has been investing overseas for nearly three decades.
We’ll be joined by Mark Yockey, Founding Partner of Artisan Partners Global Equity Team, where he oversees $24.4 billion in assets. He is long time portfolio manager of his flagship Artisan International fund which he launched in 1995 and for which Yockey was named Morningstar’s International Stock Fund Manager of the Year in 1998 and finalist in 2012.
Artisan International, which has a bronze medalist analyst rating from Morningstar, recently reopened to new investors having been closed for several years.
Yockey and his team also oversee the newer Artisan Global Equity fund which he launched in 2010 to include U.S. investments. Global Equity has also earned a bronze medalist rating.
Although the two funds have many overlapping holdings and have both beaten their respective benchmarks, the ability to invest in the U.S. has made a big difference in performance. Artisan Global Equity’s five-year annualized returns of nearly 8% dwarf Artisan International’s 2.45% returns.
Among the many topics I discussed with Yockey are if he expects the American market performance advantage to continue and where specifically he is finding “sustainable growth at reasonable prices”.
As always, if you miss the show on public television, you can watch it on our website. In this week’s web EXTRA feature Yockey, a student of World War II and Winston Churchill recommends one of his favorite historical novels set in that period.
On this Memorial Day weekend please join us in remembering those selfless Americans who gave their lives in active military duty to protect the freedoms we so often take for granted.
Thank you for watching and make the week ahead a profitable and a productive one.
Best regards,
Consuelo
Video Clip:
M* Snapshot ARTIX:
https://www.morningstar.com/funds/XNAS/ARTIX/quote.htmlLipper Snapshot ARTIX:
https://www.marketwatch.com/investing/fund/artixARTIX Is Ranked #23 In The (F/LCG) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/foreign-large-growth/artisan-international-fund/artix 
