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Global and International Value Equity team

Global Value Equity team

The art of investing

Ned Gray, CFA

Ned Gray, chief investment officer for the Global and International Value Equity team, comments on the art and science of investing. Run time (0:38)

The views expressed represent the Manager’s assessment of the Fund and market environment as of August 2012, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice.

Our team

Investment philosophy

We believe that adversity creates opportunity. We further believe that efficient opportunity captured by a collaborative, experienced team is critical in generating enhanced long-term performance.

Investment team

Ned Gray

Edward A. “Ned” Gray, CFA

Chief Investment Officer — Global and International Value Equity

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Ned Gray on the daily challenges that make investment management a rewarding business. Run time (0:31)

The views expressed represent the Manager’s assessment of the Fund and market environment as of August 2012, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice.

Todd A. Bassion, CFA

Portfolio Manager

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Anu B. Kothari 

Senior Equity Analyst

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Margaret MacCarthy Bacon 

Investment Specialist

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Dr. Lawrence G. Franko 

Senior Equity Analyst

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Michael Friedman, CFA

Senior Equity Analyst

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Juliet J. Xu 

Senior Equity Analyst

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Video: Art vs Science
Investment philosophy: Segmenting value stocks

Investment philosophy: Segmenting value stocks

As value investors, it is essential for us to understand what has driven a stock into our investment universe — is it cheap because it is correctly priced and should be eliminated, or is it cheap with unrecognized potential value?

We believe understanding these distinctions is critical to adding value to our investment portfolios.

Our team
Distinguishing characteristics / Funds we manage

Distinguishing characteristics

  • Disciplined value-driven approach. The investment management team has consistently applied its bottom-up (stock-by-stock), contrarian value approach since the inception of its investment strategy throughout all market cycles.
  • Efficient-opportunity capture. The application of the team's universe segmentation process seeks to quickly identify why a stock is cheap. This technique prioritizes the team's research and helps it identify the most timely investment opportunities.
  • Collaborative team management. With more than 60 years of collective experience, the investment team has established a distinctive structure and refined style to identify and research prospective holdings. The team's approach to company research and portfolio decision making is collaborative, research driven, and bottom-up.

Learn more about the Funds we manage:

Fund Load waived
With load
Delaware Global Value Fund
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Delaware International Value Equity Fund1
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3 stars
3 stars

1 (View Morningstar disclosure)

Investment philosophy: Segmenting value stocks
Video: Art vs Science

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus and its summary prospectus, which may be obtained by visiting our fund literature page or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Investing involves risk, including the possible loss of principal.

IMPORTANT RISK CONSIDERATIONS

International investments entail risks not ordinarily associated with U.S. investments including fluctuation in currency values, differences in accounting principles, or economic or political instability in other nations.

Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility and lower trading volume.

Investments in small and/or medium-sized companies typically exhibit greater risk and higher volatility than larger, more established companies.

Not FDIC Insured | No Bank Guarantee | May Lose Value