Working in 12 Markets in 12 Months Puts Stock Picking to Test
- Evli managers are immersing themselves in developing economies
- Due diligence includes three-hour taxi rides, ESG quizzes
This article is for subscribers only.
As investors pour more and more money into funds that passively track stock indexes, Burton Flynn and Ivan Nechunaev are on a road trip to try to show that research and stock picking can pay off.
The two men, managers of the Evli Emerging Frontier Fund, hit the road in June with their wives and Flynn’s then-2-year-old son to live in 12 countries over 12 months. They promised their investors they would meet face to face with executives of every company they buy stock in.