Chautauqua Global Growth Strategy


The Chautauqua Global Growth Strategy invests in equity securities of both U.S. and non-U.S. companies with large market capitalizations. The strategy will normally be diversified among at least three different countries, including the United States. The strategy invests primarily in developed markets but may invest in emerging and less developed markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage and “best-in-class” management. This reduces the risk of negative surprises and mitigates the risk of loss, which is a primary concern. In addition to generating high risk-adjusted returns, the approach creates upside market participation and downside protection.

Portfolio Construction

  • Concentrated portfolio of generally 35–45 stocks
  • Positions are typically 1–6% at the time of purchase 
  • Market caps in excess of $5 billion at the time of purchase 
  • Sector weights limited to 50% of portfolio 

For more information, contact David Lubchenco or the Intermediary Specialist in your region.


Q2 2018 International and Global Growth Equity Strategies

We have previously highlighted that the tightening of monetary policies by the major central banks poses one of the greatest risks to global markets as it pressures valuations for financial assets. We think this remains true in the long-term, but in the short-term it appears that monetary policies are very likely to diverge as Europe and Japan stay on a course of easy money. This spring will stay coiled for a little longer.

However, this did not provide much relief. The continually escalating nature of President Trump’s trade war seems to have the most potential to derail the global economy. On a percentage basis of inter-regional trade, stakes are still small, but entire industries are being played as chess pieces. And in Europe, a Euroskeptic government in Italy means the political situation in the European Union (E.U.) is poised to become thornier.

Read Full International and Global Commentary



Annualized Returns (%)

 3-MonthYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Chautauqua Global Growth (gross) 1.35 1.35 26.96 15.18 14.37 10.15 9.75 1/1/07
Chautauqua Global Growth (net) 1.17 1.17 25.75 14.37 13.68 9.74 9.39 1/1/07
MSCI ACWI GD -0.84 -0.84 15.44 8.71 9.79 6.15 5.62
Excess Return (net) 2.01 2.01 10.31 5.66 3.89 3.59 3.77

Annual Total Returns (%)

Chautauqua Global Growth (gross) 38.97 2.24 9.64 8.24 19.44 15.40 -8.67 22.62 70.29 -49.38 25.32
MSCI ACWI GD 24.62 8.49 -1.84 4.71 23.44 16.80 -6.86 13.21 35.41 -41.85 12.18

*Data as of 3/31/18