A Different Way to Find Value Stocks - InvestingChannel

A Different Way to Find Value Stocks

Global Value Fund is among the top world equity performers, according to Morningstar.

Dishmon can own small or large companies in any country, affording him unusual flexibility.

Dishmon is willing to go against the grain in his pursuit of attractive opportunities.

Barron’s, 10/8: Oppenheimer Global Value Fund (GLVAX) Portfolio Manager Randy Dishmon’s flexibility to own companies of any size anywhere in the world, combined with his preference for private market or break-up measures to assess valuation and his aversion to excessive emerging market risk has landed his fund among the top world-equity performers, according to Morningstar.

Dishmon starts with a fundamental principal: whether or not a company selling for less than it’s worth. But then he augments the traditional value approach with unconventional wisdom, factoring in broader metrics he believes are better rooted in the reality of a business. Dishmon then considers macro trends that may unfairly hinder the company’s valuation despite its long-term potential to provide value.

Access the full Barron’s article to find out more about Dishmon’s investment process and for examples of companies he thinks are currently undervalued.

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Global Equity

Global Value Fund GLVAX

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$42.35 ($0.13)

$263 Million Total Assets

1 A

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Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.

Not FDIC Insured

May Lose Value

Not Bank Guaranteed

A Daily net asset value and dollar change of the fund is as of the previous business day’s closing. Fund net asset values are updated at approximately 7 p.m. ET daily.

Fund Footnotes

1 Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.

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