Where the Next Decade of Alpha Lives Outside the US
Live tomorrow, Friday July 31 at 12 PM ET. Michael Gayed and Hervé Van Caloen on international equity strategy, Latin America, and the global supply chain. CFP CE Credit Eligible. Register free.
Today’s Lead-Lag Report post is sponsored by Mercator Investment Management
Mercator Investment Management is the sub-adviser to the SAM Mercator Overseas (SAMMO) strategy — an internationally focused equity SMA advised by Sequence Asset Management LLC. Founder and Portfolio Manager Hervé Van Caloen has spent his career building high-conviction, benchmark-agnostic international portfolios that hunt where the crowd is not looking: Latin American consumer platforms, Japanese capital equipment, European industrial specialists, and the small- and mid-cap names powering global supply chains.
Continuing Education (CE) credit eligibility: This webinar has been approved by the CFP Board for 1 hour of CE credit in Investment Planning (Intermediate level). CFP® certificants must attend the live session and complete the post-event verification to earn credit.
This webinar is provided for educational purposes only and does not constitute investment advice. Sequence Asset Management LLC is the investment adviser of record for the SAM Mercator Overseas strategy; Mercator Investment Management LLC serves as sub-adviser. Past performance is not indicative of future results. International investing involves special risks including currency fluctuations, political and economic instability, and differences in accounting standards. There is no guarantee that any strategy will meet its objectives.
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DISCLAIMER – PLEASE READ: This is sponsored advertising content for which Lead-Lag Publishing, LLC has been paid a fee. The information provided is solely the creation of Mercator Investment Management. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided or make any representation as to its quality. All statements and expressions provided are the sole opinion of Mercator Investment Management, and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided.
Where the Next Decade of Alpha Lives Outside the US
Join Michael Gayed and Hervé Van Caloen live tomorrow, Friday July 31 at 12 PM ET, for a sponsored Lead-Lag Live Webinar on international equity strategy, Latin America, and the underlooked global supply chain.
The consensus trade is US large-cap tech. And that’s exactly why the next decade of alpha probably isn’t going to be found there.
Tomorrow, Friday July 31 at 12:00 PM ET, I sit down live with Hervé Van Caloen, Founder and Portfolio Manager of Mercator Investment Management, for a one-hour, CFP CE Credit-eligible conversation on where international equity money is actually flowing — and why the traditional 60% US / 40% ex-US allocation is being rewritten in real time.
Registration is free and open here.
What We’ll Cover
1. Where legislated capital is actually flowing. Japan’s $2.3 trillion strategic capital plan is not a headline — it’s a 14-year, public-private industrial policy that touches semiconductors, robotics, defense, and the entire east Asian supply chain. Europe’s industrial policy pivot is the same story in a different currency. This is what “non-US alpha” looks like when you follow the money instead of the benchmark.
2. Why the international semi-cap fab supply chain is the underlooked play. Everyone owns Nvidia. Almost no one has a considered position in Advantest, Tokyo Electron, Disco Corp, ASML, or Lumibird — the small- and mid-cap engineering companies without which no chip gets made. Hervé will walk through how a benchmark-agnostic international portfolio approaches this layer of the stack.
3. Latin America as the next HNW allocation story. MercadoLibre. Grupo Aeroportuario del Sureste. The Venezuela thesis. The demographic and consumer platform stories in LatAm are earlier-innings than most US advisors realize, and the SAM Mercator Overseas SMA has been positioned in this region for years.
4. Why “US-only” allocations are re-becoming a tail risk. Concentration risk in the S&P 500 has never been higher. Valuation dispersion between US and international has rarely been wider. Hervé makes the case — with 30+ years of international investing behind it — for why the next decade rewards allocators who actually look outside the US.
Who Should Attend
Financial advisors, RIAs, family offices, allocators, and any serious investor thinking about international equity exposure beyond a passive MSCI ACWI ex-US allocation. If you have clients asking whether the US concentration risk in their portfolio is worth doing something about — this session gives you a defensible, well-articulated framework and a strategy to point to.
About the Panelists
Michael A. Gayed, CFA — Publisher of The Lead-Lag Report and Portfolio Manager. Author of award-winning research on intermarket analysis, four-time recipient of the Charles H. Dow Award, and one of financial media’s most-followed voices on macro rotation and risk-on/risk-off signals.
Hervé Van Caloen — Founder and Portfolio Manager, Mercator Investment Management LLC. Sub-adviser to the SAM Mercator Overseas strategy. 30+ years of international equity portfolio management with a focus on benchmark-agnostic, high-conviction positioning in Latin America, Europe, and Asia-Pacific.
Details
When: Friday, July 31, 2026 at 12:00 PM ET
Duration: 60 minutes (45 minutes presentation + Q&A)
Cost: Free
CE Credit: CFP CE Credit Eligible (1 hour, Investment Planning, Intermediate)
Format: Live Zoom webinar with audience Q&A
Registration: https://us06web.zoom.us/webinar/register/WN_SPWCrrBySXeIQTOzU8uRhQ
Registration is required. If you can’t attend live, register anyway and we’ll send you the recording plus a link to complete the CE verification.
See you tomorrow at 12.
Sponsored by Mercator Investment Management
