David Nadel on Three International Small-Cap Names on The Street by Royce Funds
Royce Manager David Nadel Praises Family Mart, Thomas Cook India & Ashmore
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This year has been a record-breaking year for initial public offerings with companies going public via SPAC mergers, direct listings and standard IPOS. At Techlive this week, Jack Cassel of Nasdaq and A.J. Murphy of Standard Industries joined Willem Marx of The Wall Street Journal and Barron's Group to talk about companies and trends in Read More
“Royce International Smaller-Companies Fund invests with a three- to five-year horizon in companies that generate high returns on invested capital and have strong balance sheets,” said Director of International Research and Portfolio Manager David Nadel in his July 28, 2014 interview with Gregg Greenberg of The Street.
David also detailed why he liked three non-U.S. stocks, including Indian travel agency Thomas Cook India Ltd (BOM:500413) (NSE:THOMASCOOK), emerging markets asset manager Ashmore Group plc (LON:ASHM) (OTCMKTS:AJMPF), and Japanese convenience store chain FamilyMart
“FamilyMart Co., Ltd. (TYO:8028) (OTCMKTS:FYRTY) is sort of a prime example of the way that we invest,” said David. “It’s a business with a lot of pricing power and it’s a business that is a play on Pan-Asian growth,” he added.
David Nadel has 22 years of investment industry experience, eight of which at Royce. He is portfolio manager of Royce International Smaller-Companies Fund, Royce European Smaller-Companies Fund (with Mark Rayner), and Royce International Premier Fund.