Author: Ticker Magazine
123jump.com
Last Update: 5:55 AM EST August 01 2006

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Leonardo Vila		“We take many things for granted and we think that the way things are here, must be the way they are all over the world, and that\'s far from the truth.”
		Federated International Small Company Fund

It probably comes as a surprise to many Americans, but the U.S. accounts for only 45% of the world market capitalization. More importantly, it presents investment opportunities that cannot be found domestically. Portfolio manager Leonardo A. Vila would dig through the entire supply chain to find the right small company of an investment theme.