Sarah Ketterer

Sarah Ketterer

Last Update: 2014-02-14

Number of Stocks: 72
Number of New Stocks: 10

Total Value: $1,764 Mil
Q/Q Turnover: 40%

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'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...
Sarah Ketterer on Global Value Plays
GuruFocus tracks the portfolio of the International Value Fund managed by Sarah Ketterer of Causeway Capital Management, adding a global flavor to our Investment Gurus. Read more...
» More Sarah Ketterer Articles

Commentaries and Stories

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

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Rating: 4.0/5 (4 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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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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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...

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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...

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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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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...

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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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Ariel Investments and Causeway Capital Analysts Discuss Microsoft Stock
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Causeway Capital - Beyond Boundaries: The Case for Global Equity
" When a man has put a limit on what he will do, he has put a limit on what he can do." – Charles M. Schwab From Causeway's inception in 2001, we embraced global equity as an alternative to the constrained international equity mandates requested by the vast majority of our clients. We recognized the benefits of screening globally for undervaluation among the world's best-run companies. The developed global investable universe is comprised of over twice the number of companies in the developed international universe. As a result, global has the potential to deliver significant performance advantages versus international. However, when we first launched global value equity over 12 years ago, we did not fully anticipate the potential of investing in global versus international developed markets. Although more efficient, on average, than its foreign peers, the US equity market invariably offers opportunities to exploit mispricing. The breadth and depth of the US equity market lends itself well to a developed markets portfolio without geographic limits. Unlike a dedicated US equity portfolio, a global portfolio may hold varying amounts of US-listed stocks. From a bottom-up perspective, More...

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Rating: 3.3/5 (4 votes)

Sarah Ketterer’s Causeway International Value’s Top Five Holdings Sarah Ketterer - Sarah Ketterer’s Causeway International Value’s Top Five Holdings
Sarah Ketterer is the CEO and co-founder of Causeway. She is the portfolio manager for the firm’s fundamental and absolute returns strategies, and is responsible for investment research across all sectors. Ketterer along with Conor Muldoon, Jonathan Eng, Kevin Durkin, Harry Hartford and James Doyle manage the Causeway International Value Fund. According to their website, the International Value Fund is constructed from an equity universe spanning developed international markets. More...

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Rating: 2.8/5 (6 votes)

Sarah Ketterer’s Causeway Capital's Top Q3 Holdings Sarah Ketterer - Sarah Ketterer’s Causeway Capital's Top Q3 Holdings
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 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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Rating: 3.0/5 (1 vote)

Causeway International Value Fund Q3 Commentary
Global equities rallied during the third quarter thanks to further accommodative comments from monetary authorities globally. Every market and every sector in the MSCI EAFE Index (EAFE Index) advanced during the quarter. The best performing markets included Greece, Finland, Spain, Italy, and Austria. The biggest laggards (albeit each in positive territory) included Israel, Singapore, Japan, Hong Kong, and Norway. From a sector perspective, telecommunication services, materials, and industrials outperformed, while health care, consumer staples, and utilities underperformed. Every developed market currency appreciated versus the US dollar, providing an added boost to international returns for US dollar-based investors. More...

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The Banking Evolution - Causeway Capital October Newsletter
" To improve is to change; to be perfect is to change often." – Winston Churchill More...

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Rating: 3.5/5 (6 votes)

Declining Oil Reserves in Canada and China Force New Business Strategies Ken Fisher,Sarah Ketterer - Declining Oil Reserves In Canada And China Force New Business Strategies
Several things caught my attention about Suncor Energy (SU) and China Petroleum & Chemical Corporation (SNP). First, the major investing gurus are different for each, and have made clear statements concerning investment preferences. Second, the firms are based in different geographies, and local authorities have different weights over activities. And third, each has developed a distinctive business model with a singular characteristic that sets them apart from other market competitors. More...

CANADA, CHINA, OIL, GAS


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Rating: 4.7/5 (6 votes)

Causeway Capital's Sarah Ketterer - 'We'd Welcome a Sell-Off' in Event of Default Sarah Ketterer - Causeway Capital's Sarah Ketterer - 'We'd Welcome A Sell-Off' In Event Of Default
"There is no possibility of doomsday in the hegemon, in the country with the global reserve currency. This is all a game of chicken," says Sarah Ketterer, chief executive officer of Causeway Capital. She welcomes a temporary default as an opportunity to buy enthusiastically. More...

  • Currently 3.71/5

Rating: 3.7/5 (7 votes)

Causeway Funds' August Commentary - Emerging Markets: Shoot First, Ask Questions Later? Sarah Ketterer - Causeway Funds' August Commentary - Emerging Markets: Shoot First, Ask Questions Later?
Ultimately, revitalized US and European economies will do much good for the emerging countries, stimulating demand globally. More...

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Rating: 3.0/5 (5 votes)

Causeway International’s Top Five Holdings Sarah Ketterer - Causeway International’s Top Five Holdings
Sarah Ketterer is the CEO and co-founder of Causeway. She is the portfolio manager for the firm’s fundamental and absolute returns strategies, and is responsible for investment research across all sectors. More...

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User Comments

Sperrella@facebook
ReplySperrella@facebook - 1 month 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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