Sarah Ketterer

Sarah Ketterer

Last Update: 2014-08-13

Number of Stocks: 75
Number of New Stocks: 4

Total Value: $2,450 Mil
Q/Q Turnover: 19%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Sarah Ketterer' s Profile & Performance

Profile

Ms. Ketterer is the Chief Executive Officer of Causeway since June 2001. Her firm manages more than $15 billion as of May, 2008. She is responsible for investment research in global financials and healthcare. Prior Experience From November 1996 to June 2001, Ms. Ketterer worked for the Hotchkis and Wiley division of Merrill Lynch Investment Managers ("HW-MLIM"). At HW-MLIM, she was a Managing Director and co-head of the firm's HW-MLIM International and Global Value team. Education Ms. Ketterer has a BA in Economics and Political Science from Stanford University and an MBA from the Amos Tuck School, Dartmouth College.

Web Page:http://www.causewayfunds.com/fundhome.aspx

Investing Philosophy

Sarah Ketterer focuses on global equities: International , global, and emerging market. She and her team begin with a screen of both large and mid-sized companies in the developed international markets. Their screens are applied to approximately 3,400 companies and use quantitative and value-oriented methods to find prospective stocks that meet their criteria for further analysis. Each stock also receives a "risk score" based on the additional volatility/risk it adds to the portfolio. Their final portfolio is built from those stocks with the highest expected risk-adjusted return. It will typically have 60-80 stocks that have a lower price/earnings ratio and higher dividend yield than the market.

Total Holding History

Performance of International Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201011.9815.06-3.1
200932.0126.465.5
2008-41.95-37-5.0
3-Year Cumulative-14.2 (-5%/year)-8.3 (-2.9%/year)-5.9 (-2.1%/year)
20077.875.612.3
200626.0715.7910.3
5-Year Cumulative16.7 (3.1%/year)12.1 (2.3%/year)4.6 (0.8%/year)
20058.134.913.2
200426.591214.6
200345.8628.717.2
2002-10.86-22.111.2

Top Ranked Articles

Causeway Capital's Sarah Ketterer Joins GuruFocus for Q&A - Ask Your Investing Question
Sarah Ketterer (Trades, Portfolio) is CEO of Causeway Capital Management LLC, an investment firm with $28 billion in assets. She joins two members of her team, Causeway portfolio managers Jamie Doyle and Conor Muldoon, for a Question & Answer session with GuruFocus readers. To submit a question to them about anything related to investing, simply post it in the comments section below. Read more...
Sarah Ketterer of Causeway Capital's Answers to GuruFocus Q&A
1. How did you get into value investing? Who influenced you the most? Read more...
Sarah Ketterer's Top New Stock Buys for Causeway International Value Fund
Sarah Ketterer’s Causeway International Value Fund (CIVIX) is populated by companies with market capitalizations over $750 million that have undergone rigorous bottom-up analysis. “We believe that companies derive their value from the contribution of yield and profitable re-investment back into the company,” the firm says on its website. Read more...
New Guru Added: Sarah Ketterer
GuruFocus is very glad to announce the addition of Sarah Ketterer into our List of Gurus. She is the first woman in our List of Gurus. Read more...
Causeway International Value Fund Buys 7 Stocks from Around the World
Causeway Capital Management LLC is a $28 billion firm run by Sarah Ketterer (Trades, Portfolio) and a team of analysts, using a “fusion of fundamental and quantitative research” to identify undervalued opportunities. Ketterer has significant experience in international investing, having founded the international equity strategy for Hotchkis & Wiley prior to the start of Causeway. Read more...
» More Sarah Ketterer Articles

Commentaries and Stories

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Rating: 5.0/5 (2 votes)

Causeway International Value Fund Buys 3 New Stocks Sarah Ketterer - Causeway International Value Fund Buys 3 New Stocks
Causeway Funds is a money management firm focused on global stocks and led by Sarah Ketterer (Trades, Portfolio), CEO and fundamental portfolio manager. The firm commented on its Causeway International Fund second quarter performance in its quarterly letter: More...

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Weekly Guru Bargains Highlights: TWTR, VOD, DB
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Sarah Ketterer's Causeway Capital - 'What Happened to Hedge Fund Alpha?'
American economist and Nobel laureate, Eugene Fama, would make a tough client. But we understand his skepticism. He once admitted, “I don’t believe anyone wants to hear what I have to say.” Maybe investors will tune us out as well, but the message is worth delivering. Performance deconstruction can reveal much about manager skill. We focus on the elusive “alpha” component of the investment return, which is not derived from beta (a measure of an asset’s sensitivity to market movements) or common factor risks. Alpha matters because it captures the portion of returns that moves independently of stock market cycles. Why pay hedge fund fees for beta and common factor returns when they are available for very low passive management fees? Investors tell us they seek diversification and want alpha uncorrelated with financial markets. They expect capital preservation in down markets, and aim for returns that do not depend on any particular economic environment. These all-weather funds are increasingly hard to find. Opaque attribution of hedge fund returns has added to some of the confusion surrounding the asset class. More...

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Weekly Guru Bargains Highlights: VOD, DB, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: DB, TWTR, VOD
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Weekly Guru Bargains Highlights: VOD, DB, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: SMFG, VOD,
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 5.00/5

Rating: 5.0/5 (15 votes)

What Is Your Moat? Bill Ackman,Sarah Ketterer - What Is Your Moat?
During the Value Investor Conference held just before Berkshire Hathaway's annual shareholder meeting, I had the opportunity to hear from some of the best investors in the value investing field. One thing I observed during the conference is that they all claim that they are different from other investors and it is the difference that produces the superior returns. More...

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Rating: 5.0/5 (1 vote)

Causeway Funds Commentary - Global Opportunities in Technology
Technology stocks have presented two related chal- lenges for global value investors: valuation and geo- graphic concentration. Nevertheless, Causeway has found overlooked opportunities in the sector. To shed some light on investing in information technol- ogy (IT) stocks, we spoke to Jamie Doyle, portfolio manager, and Brian Cho, technology research analyst. More...

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Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: SMFG, EOG
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: VOD, LBTYA, CEO
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 3.83/5

Rating: 3.8/5 (6 votes)

Sarah Ketterer of Causeway Capital's Answers to GuruFocus Q&A Sarah Ketterer - Sarah Ketterer Of Causeway Capital's Answers To GuruFocus Q&A
1. How did you get into value investing? Who influenced you the most? More...

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Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: VOD, CEO
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Rating: 0.0/5 (0 votes)

Causeway Capital Newsletter - Broken Mirror: Better Times Ahead for Emerging Markets Equity?
After six cumulative years of lagging returns versus the MSCI World, MSCI EAFE and the S&P 500 Indices, one might ask, why bother with emerging markets? What will break the spell and reverse the post-2007 overall period of underperformance? Emerging markets equities have certainly cracked from a valuation perspective and trade at a price-to-earnings ratio over 30% lower than developed markets – the largest valuation gap since mid-2005. Some of the performance drag reflects a loss of investor confidence, as several emerging markets are burdened by economic and/or political setbacks. However, the current economic travails of many emerging markets are not unusual. These countries have spawned domestic private and public sector credit excesses in prior cycles, leading to substantial – albeit temporary - market volatility. Political tensions, such as the recent conflict in the Ukraine, are typically buying opportunities, not reasons to abandon the asset class. More...

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Weekly Guru Bargains Highlights: PBR, CEO, VOD, LBTYA
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

Causeway Capital's Sarah Ketterer Joins GuruFocus for Q&A - Ask Your Investing Question Sarah Ketterer - Causeway Capital's Sarah Ketterer Joins GuruFocus For Q&A - Ask Your Investing Question
Sarah Ketterer (Trades, Portfolio) is CEO of Causeway Capital Management LLC, an investment firm with $28 billion in assets. She joins two members of her team, Causeway portfolio managers Jamie Doyle and Conor Muldoon, for a Question & Answer session with GuruFocus readers. To submit a question to them about anything related to investing, simply post it in the comments section below. More...

  • Currently 4.00/5

Rating: 4.0/5 (4 votes)

Most-Owned International Stocks of Investment Gurus Tom Russo,Sarah Ketterer - Most-Owned International Stocks Of Investment Gurus
The MSCI All Country World Index pulled in 23.44% for 2013, its highest gain since 2009. This was almost as high as the S&P 500, which soared 32.31% for the year, its own greatest rise in more than a decade. More...

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Rating: 0.0/5 (0 votes)

Beyond Boundaries: The Case for Global Equity - Causeway Capital Commentary
" When a man has put a limit on what he will do, he has put a limit on what he can do." More...

  • Currently 3.80/5

Rating: 3.8/5 (5 votes)

Causeway International Value Fund Buys 7 Stocks from Around the World Sarah Ketterer - Causeway International Value Fund Buys 7 Stocks From Around The World
Causeway Capital Management LLC is a $28 billion firm run by Sarah Ketterer (Trades, Portfolio) and a team of analysts, using a “fusion of fundamental and quantitative research” to identify undervalued opportunities. Ketterer has significant experience in international investing, having founded the international equity strategy for Hotchkis & Wiley prior to the start of Causeway. More...

  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

Sarah Ketterer's Causeway Capital Top Five Postions of Quarter Four Sarah Ketterer - Sarah Ketterer's Causeway Capital Top Five Postions Of Quarter Four
Sarah Ketterer is the CEO and Fundamental Portfolio Manager of Causeway and was the first female guru followed by GuruFocus. Ketterer is responsible for co-founding the firm in 2001 and is also responsible for the firm’s fundamental and absolute returns strategies. Ketterer’s Causeway focuses its research into two different groups: fundamental research and quantitative research. More...

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User Comments

Sperrella@facebook
ReplySperrella@facebook - 6 months ago
I like pharm and biotech what about Mannkind and blood labs quest and Bio referrnce? Seems chances for approval are good for Mannkind and next direction for labs are total counseling. Blood tests market is strong w heslthcare opportunities also.

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