Investment Strategies

Chautauqua Capital Management's International Growth and Global Growth Strategies are designed to meet the specific investment and financial goals of a variety of clients, institutions and groups including, but not limited to:

  • Individual investors
  • Endowments
  • Family offices
  • Foundations
  • Retirement plans

Our International Growth and Global Growth Strategies include between 25 and 45 stocks, carefully diversified among regions, sectors and by other factors designed to help manage risk without dilution of performance. 

 

INTERNATIONAL

The Chautauqua International Growth Strategy invests in equity securities of non-U.S. companies with large market capitalizations. The strategy will normally be diversified among at least 10 countries. The strategy invests primarily in developed markets but may invest in emerging and less-developed markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage, and "best-in-class" management. This reduces the risk of negative surprises and mitigates the risk of loss, which is a primary concern. In addition to generating high risk-adjusted returns, the approach creates upside market participation and downside protection.

Portfolio Construction

  • Concentrated portfolio of generally 25-35 stocks
  • Positions are typically 1-6% at the time of purchase
  • Market caps typically in excess of $4 billion at the time of purchase
  • Sector weights limited to 50% of portfolio

Performance

Annualized Returns (%)*

 3-MonthYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Chautauqua International Growth (gross) 5.45 7.03 43.71 15.64 16.49 9.56 9.81 1/1/06
Chautauqua International Growth (net) 5.33 6.81 43.10 15.19 15.99 9.10 9.51 1/1/06
MSCI ACWI ex-U.S. ND 5.48 9.16 35.72 9.38 11.08 5.45 5.32
Excess Return to MSCI ACWI ex-U.S. ND (gross) -0.03 -2.13 7.99 6.26 5.41 4.11 4.49

*Returns less than one year are not annualized.



Annual Total Returns (%)

 2020201920182017201620152014201320122011
Chautauqua International Growth (gross) 38.68 27.15 -17.28 37.57 -0.09 5.15 0.01 14.50 12.42 -9.85
Chautauqua International Growth (net) 38.04 26.79 -17.60 37.15 -0.52 4.65 -0.28 14.03 11.89 -10.07
MSCI ACWI ex-U.S. ND 10.65 21.51 -14.19 27.19 4.50 -5.66 -3.87 15.29 16.83 -13.71
MSCI EAFE ND 7.82 22.01 -13.79 25.03 1.00 -0.81 -4.90 22.78 17.32 -12.14

Data as of 6/30/21


Past performance does not guarantee future results.

The separate accounts are available to institutions and persons with a minimum account asset value of $100,000,000, which is negotiable in certain instances.

GLOBAL

The Chautauqua Global Growth Strategy invests in equity securities of both U.S. and non-U.S. companies with large market capitalizations. The strategy will normally be diversified among at least 10 different countries, including the United States. The strategy invests primarily in developed markets but may invest in emerging and less-developed markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage, and “best-in-class” management. This reduces the risk of negative surprises and mitigates the risk of loss, which is a primary concern. In addition to generating high risk-adjusted returns, the approach creates upside market participation and downside protection.

Portfolio Construction

  • Concentrated portfolio of generally 35-45 stocks
  • Positions are typically 1-6% at the time of purchase
  • Market caps typically in excess of $4 billion at the time of purchase
  • Sector weights limited to 50% of portfolio

Performance

Annualized Returns (%)*

 3-MonthYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Chautauqua Global Growth (gross) 7.52 10.31 44.18 19.39 20.48 13.55 11.56 1/1/07
Chautauqua Global Growth (net) 7.45 10.18 42.87 18.88 19.79 12.95 11.15 1/1/07
MSCI ACWI ND 7.39 12.30 39.27 14.57 14.61 9.90 6.91
Excess Return (gross) 0.13 -1.99 4.91 4.82 5.87 3.65 4.65

*Returns less than one year are not annualized.



Annual Total Returns (%)

2020201920182017201620152014201320122011
Chautauqua Global Growth (gross) 36.96 32.26 -13.07 38.97 2.26 9.64 8.24 19.44 15.41 -8.68
Chautauqua Global Growth (net) 36.62 31.56 -13.71 37.63 1.69 9.05 7.67 18.83 14.92 -8.86
MSCI ACWI ND 16.26 26.60 -9.42 23.97 7.86 -2.36 4.16 22.80 16.13 -7.35

Data as of 6/30/21


Past performance does not guarantee future results.

The separate accounts are available to institutions and persons with a minimum account asset value of $100,000,000, which is negotiable in certain instances.