The case for foreign dividend stocks: Goldman Sachs fund manager

The fund has annualized returns of 24.42% for the last one year through Sept. 22, 10.22% for the last three years, 6.21% for the last five years, and 4.61% for the last 10 years, according to Morningstar.

Deladerrière shared his thoughts about investing generally and his fund specifically in a chat with Street.com.We have a concentrated portfolio: 35 to 40 stocks. That’s necessary to be meaningfully different from the benchmark and provide long-term value. We’re bottom-up investors. Resilience is important, as I mentioned. [Our portfolio has declined 8% less than the overall market during downturns.] We also seek continuous capital appreciation, not just today’s yield.What are some investment themes you find attractive now?One is listed infrastructure. Unlike in the U.S. a lot of infrastructure overseas is publicly-listed, it’s not government-owned. It includes toll roads, airports, and power generation.

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