Causeway Global value

MikeW

Has anyone kicked the tires on this fund? Since the turn in the market towards value this fund has performed incredibly well. Tops in its category. I know value has been out of favor for quite awhile but this fund with its strong management seems like it could be a good way to participate in the rotation towards value. Morningstar has a nice writeup on the fund too. I'd be interested in any funds you are considering to increase your exposure to value. I myself am too heavy on growth overall. Cheers!

Crash

CGVIX $1M to get in. Ork!

stillers

Try CGVVX investor shares instead.

BenWP

@MikeW: I was going to try to learn something about this Causeway fund but M* is thwarting my efforts to look at the fund holdings. This value firm has been a M* darling for a long time, although it’s hard to understand what the (fatal?) attraction might be. The firm has been hemorrhaging assets over the past five years resulting in the « flagship » fund holding only $50M. Causeway has not had any better luck in EM value, either. You are certainly right to note that this year has been fabulous. M* will still adore value, however.

Ok, now I see the holdings. M* reports that Global Value has been selling large percentages of its top 20 holdings. Surely, this is not a sign of conviction. Maybe you have some play money you were going to give to your family? Why not make a donation to a struggling MF?

MikeW

Hey @BenWP. Great to hear from you! thanks for your thoughts on this. Didn't see the large distributions. We need to catch up. I'm going to message you.

TheShadow

Incidentally, Causeway launched a new fund: Causeway Concentrated
Equity Fund

https://www.causewaycap.com/wp-content/uploads/CCM-Launches-Causeway-Concentrated-Equity-Fund.pdf

MikeW

Thanks for the heads up @TheShadow

TheShadow

Here are some recent filings for the Causeway Concentrated Equity Fund:

https://www.sec.gov/Archives/edgar/data/1156906/000119312520282444/d37360d485bpos.htm

https://www.sec.gov/Archives/edgar/data/1156906/000119312520282629/d42144d497k.htm