Seafarer Overseas Growth & Income Fund Inv Cl · NASDAQ:SFGIX
Seafarer Overseas Growth & Income Fund Inv Cl — Seafarer Capital Partners — Investor Presentation (April 2020)
11 slides from Seafarer Overseas Growth & Income Fund Inv Cl's investor presentation, April 2020
Slide 1: A Tale of Two Indices: Positive vs. Normative Indexation in the Emerging Markets
A Tale of Two Indices: Positive vs. Normative Indexation in the Emerging Markets April 2020
Slide 2: A Tale of Two Indices – Overview
A Tale of Two Indices – Overview Available at www.seafarerfunds.com/a-tale-of-two-indices Steph Gan examines questions that are fundamental to the emerging market asset class: How are emerging market indices designed, and what are their objectives? In what manners do the benchmarks excel, and what a
Slide 3: Meaningful Capitalization Not Captured in Benchmarks
Meaningful Capitalization Not Captured in Benchmarks Equity Market Capitalization Tracked by MSCI Indices As of 12/31/00; 12/31/10; 3/31/20 Capitalization, Indexed Capitalization, Not Indexed $30 Market Capitalization, USD Trillions $25 $20 $15 $10 $5 $0 2000 2000 2000 2010 2010 2010 2020 2020 2020
Slide 4: What Belongs In a Passive Index?
What Belongs In a Passive Index? Comparison of Two Leading Emerging Market Indices MSCI EM Index FTSE EM All Cap China A Inclusion Index Market Capitalization Mid- and large-cap Small-, mid-, and large-cap Countries Represented 26 24 Inclusion South Korea Yes No; Developed Market classification Kuwa
Slide 5: Defining a Positive Benchmark for Comparison
Defining a Positive Benchmark for Comparison Comparison of MSCI EM Index and Seafarer’s “Positive” EM Benchmark MSCI EM Index Positive EM Benchmark Number of Constituents 1,404 10,800 Countries Represented 26 26 Index Market Cap (USD million) 6,220,193 27,788,490 Index Market Cap as % of Positive EM
Slide 6: Country Exposure
MSCI EM Index Country Exposure Country Exposure Comparison – Normative MSCI EM Index and Positive EM Benchmark 50% A-shares in Positive EM Benchmark A-shares in Normative MSCI EM Index Positive EM Benchmark Normative MSCI EM Index 40% Country Exposure % 30% 20% 10% 0% the r xic o d b ia ssi a ric a
Slide 7: MSCI China A-Shares Inclusion Journey
MSCI China A-Shares Inclusion Journey As of 12/31/2019. Sources: MSCI, Seafarer. 7
Slide 8: Industry Exposure
MSCI EM Index Industry Exposure Industry Exposure Comparison – Normative MSCI EM Index & Positive EM Benchmark 40% 120% Normative MSCI EM Weight % [LHS] Positive EM Benchmark Weight % [LHS] 30% 90% MSCI Over-Under Weight % MSCI EM Over-Under Weight % [RHS] Sector Exposure Weight % 20% 60% 10% 30% 0%
Slide 9: Capitalization Focus Can Determine Sector Exposure
Capitalization Focus Can Determine Sector Exposure Industry Weighting by Company Capitalization Size Positive EM Benchmark > $50 Billion $10-50 Billion $3-10 Billion < $3 Billion 80% 70% % of Sector Capitalization 60% 50% 40% 30% 20% 10% 0% r r y ls ls ls te es tio n me ry me erg cia Care t ria on r
Slide 10: Disclosures
Disclosures Past performance does not guarantee future results. The views and information discussed in this presentation are as of the date of publication, are subject to change, and may not reflect Seafarer’s current views. The views expressed represent an assessment of market conditions at a speci
Slide 11: seafarerfunds.com
seafarerfunds.com SEA000969
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