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Newly Rated Emerging-Markets Fund Holds Promise

A skilled skipper guides Bronze-rated Seafarer Overseas Growth and Income.


Bill Rocco: We recently initiated coverage on Seafarer Overseas Growth and Income. Lead manager Andrew Foster, who was a panelist at the Morningstar Investment Conference last week, co-founded Seafarer Capital Partners in 2011 after 12 years at Matthews Asian Growth and Income.

Andrew Foster uses the same approach at Seafarer Overseas Growth and Income as he used successfully as a manager of Matthews Asian Growth and Income. Specifically, he favors dividend-paying common stocks, but he also invests in preferred equities and convertible and other bonds. He takes and an all-cap approach. He readily allows his securities selection to lead to atypical country and sector weights and he runs a compact portfolio of roughly 40 to 50 names.

William Samuel Rocco does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.