Loomis, Sayles & Company has launched the Loomis Sayles Global Growth Fund (LSGGX), an active equity fund that uses proprietary bottom-up research structured around quality, growth and valuation, Loomis announced Thursday.
The fund is managed by Aziz Hamzaogullari, who runs the Loomis Sayles Growth Fund. For the 12 months ending February 29, that fund has finished 23rd out of 1674 in Morningstar's large-cap growth category.
“We have been pleased with the broad acceptance of the team’s Large Cap and All Cap Growth strategies by both institutional and retail clients,” says Kevin Charleston, CEO. “The launch of the Global Growth strategy is a natural extension of the team’s capabilities given their established global focus in research.”
Hamzaogullari and his team of six analysts invest in high-quality businesses that they believe have sustainable competitive advantages and secular growth when they trade at a significant discount to intrinsic value. They take a long-term approach to investments.
“We always approach the value chain analysis for our businesses from a global perspective. Regardless of where a company is domiciled, the ultimate determinants of intrinsic value are its key business [principles], such as competitive positioning, quality of business models, management and growth drivers. This portfolio will allow us to leverage our existing research capabilities and seek to extend our alpha-generating opportunities around the globe,” says Hamzaogullari.
The Loomis team looks for global companies that are of high quality and exhibit secular and profitable growth and are discounted to intrinsic valuation. Based in Boston, Loomis, Sayles & Company serves institutional and mutual fund clients and manages $229 billion in assets