RiverFront Chautauqua International ADR portfolio invests in equity securities of non-US companies with large market capitalizations. The strategy is normally diversified among at least 10 countries and invests primarily in developed markets. On occasion the strategy may also invest in emerging and less-developed markets. The portfolio is made up of companies that the portfolio managers view as high-quality due to their governance and disclosure, more conservative accounting, less financial leverage and management practices. Chautauqua believes that the focus on high-quality companies reduces the risk of negative surprises and capital drawdowns. RiverFront has entered into a Model Provider agreement with Chautauqua Capital Management (“Chautauqua”) whereby Chautauqua provides an investment model that is used to make the investment selections for the RiverFront Chautauqua International ADR (“RCIADR”) portfolio.
- Positions are typically 1-6% at the time of purchase
- Market Caps in excess of $4 billion at the time of purchase
- Sector weights limited to 50% of portfolio