Why invest in international small-cap stocks?
Historically, the market has rewarded investors that are willing to purchase thinly-traded stocks. Institutional investors value liquidity and prefer the ability to liquidate any holding within a short time frame (i.e. minutes & hours). As a result, securities that require a larger time commitment to liquidate often trade at significant discounts from fundamental value.
International investment returns can move in a different direction than U.S. market returns. With a portfolio that includes domestic and foreign stocks, investors could potentially reduce the risk of losing money if U.S. markets decline. Investing internationally also lets you capture investment opportunities that arise from fast-growing economies and markets whose currencies are appreciating against the dollar.
a value-driven special situations investment strategy
The International Small Cap Fund is a value-driven special situations investment strategy. The fund can go anywhere it sees value but has historically been focused on Asia. Roughly 80% of the fund is invested in deep-value stocks, and roughly 20% in special situations, often related to mergers and other corporate actions. Over the next 12 to 24 months the fund will begin to add private investments targeting real estate, consumer, and tourism into the portfolio.
Invest in one of the world's fastest growing economies
Bhutan: An Investor's Dream
Bhutan combines a strong record of economic growth with an equally impressive commitment to the environment, society, and good governance. Bhutan also enjoys a favorable location between India and China, two of the fastest-growing economies in the world.
Fund seeks to generate strong returns by investing in micro-cap and early stage companies in international markets
Thinley Wangchuk, Portfolio Manager, Managing Director
Thinley is a partner at Ashton Global and the lead portfolio manager for the Ashton Global International Small-Cap Fund via a sub-advisory relationship with Wangchuk Capital.
Thinley has ten years of investment experience with expertise in small-cap stocks, arbitrage and special situations. He holds a degree in Management with a concentration in Finance from the University of British Columbia.
The process begins with screening methods to identify companies trading below book value with favorable fundamentals.
Many of the investments also have embedded optionality that is difficult for most market participants to price.
A bottoms-up scenario analysis is used to determine our estimates of intrinsic value.
We require a margin of safety with each holding in the portfolio and companies are selected based on their relative discounts to our estimates of intrinsic value.
The deep-value tilt to our investment strategy lowers portfolio volatility.
Lower Risk through diversification
International investment returns can move in a different direction than U.S. market returns. With a portfolio that includes domestic and foreign stocks, investors could potentially reduce the risk of losing money if U.S. markets decline.
Investing internationally also lets you capture investment opportunities that arise from fast-growing economies and markets whose currencies are appreciating against the dollar.
Private Alternative Investments
Niche Private Equity Opportunities in Asia
Private equity and credit continues to provide investors with strong returns in Asia as markets develop. Ashton Global provides family offices and institutions with access to niche opportunities in emerging Asia.
Contact Ashton Global
Our platform matches high-quality, niche, emerging managers with institutional investors and family offices that are seeking alpha from unique investment opportunities. Contact us to learn more about our investment strategies.
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global funds should be made on the basis of the current prospectus, which is available on request at firstname.lastname@example.org. Read the prospectus carefully before investing. All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective.