An 'Informational Edge' on Global Stocks
Chris Semenuk's mission is stockpicking, and he travels the world to do it. The portfolio manager of TIAA-CREF's International Equity Fund (TIERX) looks for companies with performance-driven management that generate free cash flow. The 100 or so stocks in his fund must trade at a reasonable price compared with peers around the globe. Plus, he wants to have an "informational edge," which could mean easy access to top executives or knowing something about the company that's not being widely recognized or appreciated in the market.
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