Author: Ticker Magazine
123jump.com
Last Update: 11:27 AM EST December 13 2007

Click here to view the detailed PDF version

Joe Joseph		“We are value investors that try to identify and exploit people’s emotions such as overconfidence, greed, hope and fear caused by dramatic stock price fluctuations. Consequently, we use a lot of behavioral finance in our investment process.”		Randy Farina
		Putnam International Capital Opportunities Fund

Focusing on the little-known arena of international small and mid-cap companies requires substantial enterprise and research. Joe Joseph and Randy Farina, portfolio managers of the Putnam International Capital Opportunities Fund, have built a portfolio comprising of the bottom 20% of international small cap companies, from developed markets by adopting a unique investment strategy of exploiting people’s emotions arising from stock price fluctuations.