Northcape Capital, Pty Ltd offers the investment strategies discussed here in the form of institutional separately managed accounts. Information and strategies discussed here are intended for institutional investors only and are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective. Past performance does not guarantee future results. All investments carry inherent risks, and while there is the possibility for investment gains, there is also the possibility of investment loss.