How an International Stock Fund Finds Its Winning Recipe
Buffalo International Fund co-portfolio manager Nicole Kornitzer, CFA, was recently interviewed by Barron’s about the parallels she finds in gourmet cooking and international investing. In the article, she describes the team’s approach to picking premier growth stocks based on in-depth analysis of company fundamentals and highlights the team’s long-term investment philosophy that focuses less on short-term market movements.
“We need to be able to answer the question of why is the company going to continue growing.“
~ Nicole Kornitzer, CFA
Nicole also discusses several foreign large-cap stocks in the BUFIX/BUIIX portfolio which illustrate the Fund’s investment process in action:
- Sartorius Stedim Biotech – DIM.France
- Tomra – TOM.Norway
- LVMH Moet Hennessy – MC.France
- Kering – KER.France
Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. References to other mutual funds should not to be considered an offer to buy or sell these securities. A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Annualized Performance (%)
|As of 9/30/19||3 MO||YTD||1 YR||3 YR||5 YR||10 YR||Since Inception|
|BUFFALO INTERNATIONAL FUND - Investor||-1.78||16.73||1.24||9.75||7.23||7.62||4.43|
|BUFFALO INTERNATIONAL FUND - Institutional||-1.71||16.89||1.42||9.93||7.39||7.78||4.58|
|Morningstar Global Markets ex-US Index||-1.61||11.34||-1.54||6.26||3.55||5.06||1.74|
|Lipper International Fund Index||-1.28||13.08||-1.80||6.05||3.53||5.17||1.66|
|Morningstar Foreign Large Growth Category||-1.24||16.79||0.61||7.18||4.94||6.29||2.10|
The expense ratio for BUIIX is 0.91% and 1.06% for BUFTX. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower of higher than the performance quoted and can be found here; quarter-end performance can be found here. Performance is annualized for periods greater than 1 year.
– Bill Kornitzer, Nicole Kornitzer
Nicole Kornitzer, Buffalo International Fund co-portfolio manager, discusses her team’s approach to finding premier growth companies that are poised to take advantage of global trends.
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Bill Kornitzer, Buffalo International Fund co-portfolio manager, recently appeared on the Money Life with Chuck Jaffe podcast, discussing investing internationally and provided his viewpoints on the current U.S. trade wars, Brexit, and global markets.
Nicole Kornitzer (Buffalo International Fund co-PM) described her team’s top-down strategy of studying secular growth trends within the health care industry and identifies 3 companies which are well-positioned to benefit from these long-term trends.
In this report, we provide insights into several areas that show the potential for increasing returns of international stocks over the long term.
Bill Kornitzer, BUFIX co-portfolio manager, discusses the accelerated pace of the growth of global economies outside the U.S. and why, given where valuations are today, there are many opportunities to invest internationally at this time.