In a rising-rate environment where the U.S. 10-year bond yields only around 2.5% and equity valuations are unquestionably high, investors are understandably concerned about future returns in their portfolios. Many investors have moved to passive indexed strategies for the domestic portions of their portfolios, but the investment world is larger than U.S. indexes and, as Chautauqua Capital Management's Brian Beitner explains in this video, managers who have bucked the recent trend toward passive strategies have found opportunities in international markets.
Acquired by Baird in January, 2016, Chautauqua Capital Management has built a decade-long track record of risk-adjusted returns since inception of its International Growth Equity and Global Growth Equity strategies. In May the team launched the Chautauqua Global Growth Fund and Chautauqua International Growth Fund at Baird. To learn more about the Chautauqua team and their rigorous approach to investment management, visit chautauquacapital.com.
Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus contact Baird Funds directly at 800-444-9012 or contact your Baird Financial Advisor. Please read the prospectus or summary prospectus carefully before investing.
All investments carry some level of risk including loss of principal. The fund invests in the stocks of international companies. These companies often are more volatile and can represent more risks than US-based companies. The Fund may have a relatively high percentage of assets in a particular country, region or sector of international markets – as well as in a small number of issuers. As a result, a decline in the value of an investment in a single region, sector or issuer could cause the Fund's overall value to decline to a greater degree than if the Fund held a more diverse portfolio. Securities of foreign issuers and ADRs are subject to certain inherent risks, such as political or economic instability, difficulty predicting international trade patterns, currency exchange rates, lack of uniform accounting and financial reporting standards and the possibility of imposition of exchange controls. These risks are more pronounced in emerging market countries. Mid-cap stocks may perform differently from large-cap stocks, as mid-cap stocks may be less liquid and more volatile than large-cap stocks.