This is what he said in reference to Royce Global Fund investment strategy related to markets outside U.S.: "We want to be quality-focused, as all of Royce is, and so we do have a bias in favor of companies that are based into the developed markets, selling to the emerging markets. Where we invest directly in the emerging markets, we like long operating histories; we like companies that have a good disclosure and good corporate governance."
Here is the video:
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