Global Equities Investment Specialists

Copper Rock Emerging Markets Small Cap

We believe using a blend of quantitative and fundamental analyses to identify companies with superior growth relative to their peers will lead to consistent levels of outperformance. We seek to identify the emerging leaders across industries because investing in future market leaders enables us to provide our clients with access to best-of-class companies at an early point in their growth cycle and before widespread investor interest drives valuations upward. This dynamic strategy combined with the following attributes generates strong and consistent long-term performance, and differentiates us from our competitors.

Our objective is to outperform the MSCI Emerging Markets Small Cap Index and rank in the top half of the appropriate peer group each year.

Top 10 Holdings
as of 12/31/2018
Taidoc Technology Corporation 2.0%
Fila Korea, Ltd. 1.8%
Muangthai Capital Public Co., Ltd. 1.7%
Mphasis, Ltd. 1.7%
Chailease Holding Co., Ltd. 1.7%
KrungThai Card Public Co., Ltd. 1.6%
Bata India, Ltd. 1.6%
Sappi, Ltd. 1.6%
African Rainbow Minerals, Ltd. 1.5%
IRB Brasil Resseguros SA 1.5%
Sector Weights
as of 12/31/2018
Consumer Discretionary 17.4%
Information Technology 15.0%
Financials 14.9%
Health Care 12.7%
Materials 11.9%
Industrials 10.8%
Consumer Staples 8.3%
Real Estate 5.1%
Communication Services 1.2%
Cash 1.0%
Energy 0.9%
Utilities 0.9%
Portfolio Characteristics
as of 12/31/2018
P/E Ratio 10.45
P/B Ratio 1.88
Weighted Average Market Cap ($B) 2.0
Yield 2.76
3-Year Earnings Per Share Growth 22.33
Current ROE 19.15
Country Allocations
as of 12/31/2018


Characteristics are derived from a Copper Rock Emerging Markets Small Cap representative account. Top ten common stock holdings and characteristics are based on total assets as of 12/31/2018. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities identified will remain in the portfolio at any time one views this site or that securities sold have not been repurchased. The securities mentioned may represent only a small percentage of a portfolio's holdings. It should not be assumed that any of the holdings were or will prove to be profitable, or that the investment recommendations made in the future will be profitable or will equal the performance of the securities presented in this list.