Brandes Investment Partners'® International Mid Cap Equity Portfolio is dedicated to the medium-cap segment of non-U.S. markets and seeks to provide long-term investors with capital appreciation and a margin of safety.
Today, over half of the world's equity value is located outside the United States. This means that substantial investment opportunities are located in non-U.S. markets. In seeking issues for our International Mid Cap Equity Portfolio, we search markets worldwide for companies meeting our strict investment criteria.
Investment candidates in the medium-cap segment often blend the growth potential enjoyed by smaller firms with the stability and resources typically associated with larger companies. In addition, medium-sized companies tend to attract less coverage by research analysts than their large-cap counterparts, creating a greater possibility for us to take advantage of unrecognized investment opportunities.
Our International Mid Cap Equity Portfolio applies a Graham & Dodd value approach to stock selection. Generally, a security will be bought if it is trading below what we believe to be its intrinsic value. This conservative approach strives to provide investors with both a margin of safety and significant long-term appreciation potential.
International and emerging markets investing is subject to certain risks such as currency fluctuation and social and political changes; such risks may result in greater share price volatility. Investors should carefully consider these risks in the context of their overall objective, time horizon, and asset allocation before investing.
For a more complete description and discussion of applicable risks, consult Brandes' Form ADV, Part 2A.