Samuel Dedio
Samuel Dedio, co-portfolio manager of the Julius Baer Global Equity Fund (BJGQX). It had annualized returns of 14.4% for the three years through December 31, which was 1.7 percentage points better than a key benchmark for global funds.
Samuel Dedio searches for companies that benefit from strong economic growth — no matter where in the world that growth comes from. Such companies can thrive even when many other businesses are languishing.
Lately, Dedio has emphasized companies that benefit from the strong growth in China and other Asian emerging markets. In these countries, millions of consumers are moving from poverty to the middle class. They are shifting from bicycles to cars, flying to vacation spots and spending money on gambling and other leisure pursuits.
Within a decade, China will have more middle-class consumers than there will be in the US. Companies that stand to gain from serving Asian emerging markets…
Boeing Company (BA). With demand growing from airlines around the world, including emerging markets, the giant aircraft maker is reporting strong sales despite some production delays for its new 787 Dreamliner. Jeju Air, based in South Korea, recently ordered five next-generation Boeing 737-800s, saying they fit in with its long-term growth plans for routes in various Asia-Pacific regions. As it introduces more new designs, Boeing should gain market share from rivals. Recent share price: $87.46.
Wynn Resorts Ltd. (WYNN). The casino operator has reported strong revenue in Macau, a Chinese island. With millions of Chinese eager to gamble, the company should continue showing healthy growth. Recent share price: $112.13.
