Rondure New World Fund, Instl Class
RNWIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- P.O. Box 328 Denver CO 80201-0328
- IPO Date
- May 1, 2017
- CIK
- 0000915802
- Similar Companies
- Business
- Rondure New World Fund, Instl Class (RNWIX) operates as a diversified mutual fund that seeks long-term growth of capital primarily through investments in equity securities of issuers organized in or headquartered in emerging market countries, including common stocks, preferred stocks, and depositary receipts; the fund employs a bottom-up investment approach focused on high-quality "core" companies screened for strong balance sheets, reliable cash flows, consistent earnings growth, competitive moats, and reasonable valuations, with holdings typically spanning 80-125 stocks across sectors such as consumer staples and discretionary, information technology, and financials, exemplified by positions in Taiwan Semiconductor Manufacturing, ANTA Sports Products, Autohome, and China Resources Beer. Managed by Rondure Global Advisors, LLC, a woman-owned investment adviser founded in 2016 and headquartered in Salt Lake City, Utah, with back-office support from Grandeur Peak Global Advisors; the firm launched RNWIX alongside the Rondure Overseas Fund (ROSIX) in May 2017, making institutional shares accessible to individual investors with low minimums, and targeted high-quality equities in emerging and international markets through rigorous global screening and due diligence. The fund serves institutional and individual investors seeking exposure to emerging markets opportunities, with geographic focus on regions including Asia (e.g., Taiwan, China, India), while incorporating environmental, social, and governance (ESG) factors via proprietary CGP2 analysis evaluating credit, geography, politics, and people risks. In a significant operational change, Rondure Global Advisors announced in late September 2024 the liquidation of RNWIX on October 18, 2024, accompanied by the closure of the firm itself due to challenging economic conditions in emerging markets and unforeseen business developments; this followed the prior liquidation of the Rondure Overseas Fund and marked the end of operations for the Salt Lake City-based adviser, with recommendations for investors to consider alternatives like Grandeur Peak Emerging Markets Fund (GPEIX).