Pyrford’s Tight Ship Stays Afloat in EAFE Class’s Ebb Tide

The firm’s three-step stock selection formula helps its International Equity Fund resist the outflow from the sector.

Institutional Investor

November 13, 2013

By Robert Stowe England

Colruyt makes a virtue of simplicity. The Belgian supermarket chain operator stocks the shelves of its warehouse-style outlets high with private label and branded goods and operates with a tight balance sheet that enables it to keep prices low and volumes high. “They pass on their low operational costs to their customers in terms of lower prices and, because of this, they continually take market share every year,” says Tony Cousins, chief executive officer and chief investment officer of the $3.64 billion Pyrford International (EAFE, or Europe, Australasia and Far East) Equity Fund. And Pyrford invests in Colruyt.

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Robert Stowe England is an author and financial journalist who has specialized in writing about financial institutions, financial markets, retirement income issues, and the financial impact of population aging.

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