Marvin & Palmer Associates (MP)is a large-cap growth manager that focuses exclusively on equity investments. The firm's investment products include: US equities, global equities, non-US equities and emerging markets equities. Their approach focuses on region, country, currency and sector analysis which is followed by a review of individual stocks. Holdings may be concentrated in a number of countries and sectors. Diversification is achieved through individual stock selection. Country and sector weightings may differ significantly from the benchmark index weighting. MP's investment process addresses both market and fundamental factors through a relative price strength screen and fundamental research. The firm employs a 3-step investment process. First, they use a relative price strength screen to analyze regions, countries, sectors, currencies and individual stocks based on relative price movement. Next, the firm uses fundamental analysis to validate or reject the screening output. Finally, MP applies the results to construct portfolios by setting country allocations, determining sector allocations and selecting individual stocks. MP invests in companies that have a combination of: (1) positive relative price strength and (2) superior, sustainable long-term EPS growth profile as determined by their assessment of the company's earnings outlook.Though not limited by sector, the firm tends to invest in the stocks of companies in the technology services, electronic technology, consumer non-durables, producer manufacturing and non-energy minerals sectors. They invest globally, primarily in the stocks of mid-cap and large-cap companies. c technology, technology services and finance sectors. Most of their investments are in companies located in the US, Europe, Latin America and Asia. MP maintains a high turnover rate.
