The Ajinomoto Group makes amino acids used for everything from seasoning food to pharmaceuticals to manufacturing semiconductors. This Tokyo, Japan-based company’s roots go back to 1899, when Dr. Kikunae Ikeda set to work researching amino acids in order to bring Western health standards to Japan…
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Pharma and biotech in developed Asia has been among the region’s worst performing industry groups in the last year, but our research suggests that their recent underperformance may be somewhat overblown. Recent performance places these companies squarely in the bottom fifth of industry groups for…
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BioMérieux is a world leader in “in vitro” diagnostics. That’s Latin for diagnostics “in the glass,” meaning testing that takes place in a test tube or culture dish. With a mission to make the world a healthier place, BioMérieux was founded in 1963 just outside…
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Based in Yokohama, Japan, Lasertec makes advanced inspection tools for semiconductor manufacturing. Using optical technology, its systems find defects too tiny to be seen by the human eye. In the semiconductor manufacturing process, defects may appear first on the photomask layer of a chip. If…
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GoodRx is a leading digital platform for consumer health care. It was founded on the belief that everyone deserves affordable and convenient health care in a country where prescription drug prices are not regulated, and the cost of prescriptions can differ significantly depending on the…
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Finland’s Cargotec is a world leader in intelligent cargo handling. With a mission to keep goods moving swiftly from cities to ports to doorsteps, this firm deploys digital technology to smooth logistics flow and reduce waste. Cargotec’s origins go back more than 100 years when…
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In our Quarterly Strategy Report, we illustrate the relative attractiveness of select developed international sectors. Prefer to download this presentation in PDF? Please click here. 1. Summary -Monetary policy is considerably more restrictive than many perceive. The San Francisco Federal Reserve has calculated a “Proxy Rate” that…
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Akamai Technologies has deployed the most pervasive, highly distributed content delivery network in the world. With about 345,000 servers in about 135 countries, the Akamai Edge platform delivers and protects content for the majority of the major media, software and cloud computing companies operating today….
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Bandai Namco is a video game entertainment company that aims to make “play” a natural part of life. As of this year, it is the world’s third largest video game company after Sony Interactive and Nintendo. The company’s history goes back to 1950 in Tokyo,…
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We believe highly innovative companies, when accounted for properly, are cheaper than their non-innovative peers in all regions of the world. Below in our Mid-Quarter Update, we map the spheres of innovation in the developed world. Prefer to download this presentation in PDF? Please click…
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Investors in innovation tend to focus on the US exclusively, and some of that is for good reason as the US spends more than any other country on research and development. But there are many innovative companies outside the US that spend substantial sums on…
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LHC Group provides home health care services to patients in the United States, including post-acute, therapy, and hospice care. The firm also runs 124 residential facilities serving patients who have transitioned out of a hospital but whose conditions remain too severe to go home. Based…
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In recent reports, we’ve been highlighting that innovation—as a factor represented by R&D as % of sales—has stopped underperforming and it is selling for an attractive valuation. We used the S&P 500, Russell 2000 and other off-the-shelf indexes. Today we will highlight one of our…
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Headquartered in Monett, Missouri, Jack Henry makes an extensive array of financial technologies and services that connect banks to the people and businesses they serve. With a mission to help empower financial freedom, Jack Henry serves the two-thirds of the American population that is not…
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While many perceive the S&P 500 Index to be a broad innovation-heavy index, in a way it is and in a way it isn’t. It is an innovation-heavy index in so far as aggregate R&D investments total $478.8 billion, but it isn’t so innovation-heavy in…
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