Global stock picking opportunities have broadened in a new tariff world: Amit Parmar
In Q2, there was a wider dispersion between the winners and the losers, says Amit Parmar investment specialist
in J.P. Morgan Asset Management’s International Equity Group, which co-manages the STANLIB Global Select Fund’s
strategy. In this podcast, he discusses the performance and adjustments made to the stocks within the global
select portfolio, the team’s views on how these stocks will perform in the next quarter and how the fund has
been positioned to take advantage in the current market environment.
Benefits of an all weather core global equity fund
In this second podcast of our series, our chief economist, Kevin Lings and Amit Parmar, Investment Specialist
at J.P. Morgan Asset Management, delve into the investment philosophy behind the STANLIB Global Select Fund.
Exploring global equity sector and stock ideas
In this podcast, Amit Parmar, JPMAM International Equity Group vice president and investment specialist,
discusses with STANLIB’s Chief Economist, Kevin Lings, how various stocks make their way into the STANLIB Global
Select Fund. JPMAM uses fundamental, bottom-up stock selection, as its global team of over 80 analysts seek out
companies with great business quality, sustainable earnings and long-term drivers. They apply a valuation
framework to determine the price that the fund is willing to pay for each stock. Parmar also explains some of
the portfolio’s over- and underweight positions and what factors influenced those decisions.
Hold or sell? The STANLIB Global Select Fund constantly evaluates its positions
The Global Select Fund has done exceptionally well over a long period of time. Amit Parmar, JPMAM International
Equity Group vice president and investment specialist, explains to STANLIB’s Chief Economist, Kevin Lings, that
the fund’s recent performance has been driven by stock selection, especially of semiconductor and media
companies. Parmar cites the example of how the team took an early position in Texas Instruments in 2016 and
realized profits as the stock became more expensive, reallocating those profits to other well-priced
opportunities. There is constant dialogue among the global team to analyse where returns are coming from and
how each stock justifies its place in the portfolio.