So Capital’s early leaders researched and documented the information. They used their statistical background and various information sources when evaluating companies.
By the 1960s, Capital had become a global investing trailblazer, investing in companies outside the U.S. Yet again, we found that statistical information and investment data for non-U.S. markets was scarce.
So we created the Capital International indexes, now known as the Morgan Stanley Capital International (MSCI) indexes, to help evaluate companies and compare their results with global competitors. In other words, we put the CI in MSCI.
Today, we maintain our high standards as we evaluate the depth and breadth of a company. But we know that numbers are only part of the picture.
All data as of December 31, 2018.
One of our investment professionals has been covering Mattel for so long that he knows the business culture better than many of its former leaders. As Greg Wendt, a Capital Group portfolio manager explains,
We also believe that it’s the management team behind a company that drives its success, which makes our face-to-face research invaluable. As one of our leaders said in the early days of our business, “The only difference between Chrysler Corporation and its predecessor [the struggling Maxwell Motor Company] is Walter Chrysler.”
All data as of March 31, 2019.
1 As of December 31, 2018.
2 Source: “Portfolio managers shun investing in their own funds.” Aliya Ram, Financial Times. September 18, 2016.