Seven Canyons World Innovators Fund Receives Refinitiv Lipper Award for BEST FUND OVER 10 YEARS GLOBAL SMALL-/MID-CAP FUNDS 2019
SALT LAKE CITY — Seven Canyons Advisors announced that the World Innovators Fund has earned the Refinitiv Lipper Award for Best Fund Over 10 Years Global Small-/Mid-Cap Funds 2019. This is the second year in a row that the fund has won a Lipper Award for Best Fund Over 10 Years.
Fed Chair Jay Powell recently noted that the economy is experiencing “extraordinary times.” There are several events to which he could have been referring. He could have been alluding to the trade war with China, which has dominated headlines for much of the year. He could have been referring to oil prices which have risen from $40 to over $70 and then collapsed to below $50. Another item to which he could have been referring is the yield curve, portions of which have already inverted. Risky leveraged loans are at record levels. And there is a whole array of geopolitical issues which may have been on Chairman Powell’s mind including all of the European drama (Brexit, Italian budget issues and Paris riots), election of a left wing president in Mexico and more.
Sam Stewart, Spencer Stewart, Josh Stewart and Wes Golby of Seven Canyons Advisors describe to Value Investor Insight the profile of the “world innovators” they want to own, why such companies can be mispriced, where in the world they’re finding incremental opportunity, and why they see upside in Sarana Menara Nusantara, Photo-Me, Game Digital, Sony and Walt Disney.
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Listen to Sam Stewart’s November 14, 2018 interview on Money Life with Chuck Jaffe Daily Podcast
Click here to listen to Sam Stewart’s recent interview on Money Life with Chuck Jaffe Daily Podcast
In my March letter to World Innovators Fund and Strategic Income Fund shareholders, I suggested the possibility that the economy may be undergoing a regime change–a term used by economists to denote a shift in the behavior of the economy. For the past 5 years, we have enjoyed a “good news, good news” economy. Rising growth rates led to declining unemployment rates. The stock market has been buoyant, almost doubling.